Nonkululeko Nyembezi

Non-executive Chairman

Nonkululeko Nyembezi is the Chairman of the BLSA board of directors and current Chief Executive Officer of Ichor Coal N.V., an international mining company focusing on thermal coal production in South Africa. The company owns and operates its own coal resources with customers in South Africa and beyond. In addition, Ichor Coal holds minority positions in other coal mining companies.

Ms Nyembezi was previously Chief Executive Officer of ArcelorMittal South Africa, the largest steel producer on the African continent and subsidiary of the ArcelorMittal Group, which in turn is the largest steel producer in the world.

Prior to that, she served as the Chief Officer of Mergers & Acquisitions for the Vodacom Group and before that, Chief Executive Officer of Alliance Capital, then local subsidiary of a New York based global investment management company.

Ms Nyembezi has a B.Sc. Honours degree in electrical engineering from the University of Manchester Institute of Science & Technology and a masters degree in the same discipline from California Institute of Technology. She also has an MBA from the Open University (UK).

Ms Nyembezi has served as an independent non-executive director on numerous boards in both the public and private sectors. She currently serves as non-executive chairman of Alexander Forbes Group Holdings Limited, the JSE and Macsteel Service Centres SA (Pty) Limited.

In addition to the above, Ms Nyembezi serves as a non-executive director of the following non-profit organisations ~ KwaZulu-Natal Philharmonic Orchestra, Johannesburg Philharmonic Orchestra and as a trustee of the following organisations ~ Quartet of Peace Trust, Partners for Possibility (PfP) and The Norval Foundation.