Johannesburg, 06 November 2017 – BAIC South Africa (SA) today announced the appointment of Batandwa Mdyesha as the company’s Chief Financial Officer (CFO) with immediate effect.
Mdyesha will be based at BAIC SA’s head office in Johannesburg.
Between 2009 – 2017, Mdyesha worked in senior accounting, auditing and financial roles at South African state-owned enterprises, and she worked in the private sector at a leading accounting and professional services firm’s operations in South Africa and the Netherlands between 2002 – 2008.
Before joining BAIC SA, Mdyesha was the CFO of African Exploration Mining and Finance Corporation – a state owned mining company established to secure South Africa’s energy supply primarily through the mining and supply of coal between 2012 – 2017, and between 2009 – 2012, she was the Manager for Financial Reporting & Compliance at Eskom.
Her career in the private sector included roles as Finance Manager at Freightdynamics and various other roles – including Special Services Group Manager and doing articles at Deloitte’s Cape Town, Johannesburg and Amsterdam offices.
After obtaining her Senior Certificate at Zingisa High School in Mthatha, Eastern Cape, Mdyesha (nee Damoyi) obtained a Bachelor of Science (Statistics) from the University of the Free State. In addition, she holds various other qualifications including an Accounts Conversion Course at UCT and Bachelor of Commerce (Honours) degree from UKZN. She qualified as a chartered accountant in 2008, and in 2014 she completed the GIBS Strategic Leadership Programme.
“We look forward to welcoming Mdyesha to our South African operation, we wish her well in this senior leadership role, and look forward to her strategic and leadership contributions to make our South African and African operations successful,” said BAIC International Vice President Li Xiaofan.
Says Mdyesha: “BAIC continues to impress at a global level through its influence, scale and capabilities. The company was recently listed in the Fortune Global 500 for the fifth consecutive year. The latest ranking fully reflects powerful growth momentum of BAIC, which will also be felt on the African continent, through export.”
Speaking on the construction of BAIC’s plant in Port Elizabeth, Mdyesha says that major construction contracts are in an advanced stage of being awarded, with a portion of it aimed at SMMEs. “At present, we are working hard to ensure that the greenfields investment of our new automotive plant has a meaningful impact and effect in Nelson Mandela Bay,” she said.
Once completed, BAIC will also be adding around 800 new jobs to the metro’s economy once the plant is operational and it is estimated that 10 000 jobs will be created through the automotive value chain.
“BAIC is a leading automotive group in China with a comprehensive portfolio of products, from passenger cars to light commercial vehicles and heavy commercial vehicles. As Africa continues to enjoy levels of growth and development, the continent remains a new frontier for BAIC with its base in South Africa.”