KwaZulu-Natal Growth Fund Agency Announces Appointment of New Board
Durban – The KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs (EDTEA) has appointed a new Board of Directors for the KwaZulu-Natal Growth Fund Agency (KZNGFA), underscoring the province’s commitment to driving investment, infrastructure development, and inclusive economic growth.
The newly appointed Board members are:
• Mr Jabulani Walter Khanyile – Chairperson
• Dr Usha Roopnarain – Deputy Chairperson
• Mr Bongani Mzwakhe Mhlongo – Member
• Dr Sakhile Keith Mpungose – Member
• Ms Linda Ngcobo – Member
• Dr Sihle Ndlovu – Member
• Mr Linda Mpumelelo Sidaki – Member
• Ms Tshidi Ikaneng – Member (Acting Chief Executive Officer, Ex Officio)
This Board succeeds the outgoing Board led by Dr Cassius Lubisi, which played a pivotal role in guiding the Agency’s transition into a provincial public entity.
KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs, Reverend Musa Zondi, welcomed the appointments, noting their strategic importance: “The appointment of this Board strengthens KwaZulu-Natal’s development finance capability and positions the Agency to unlock investment, support job creation and drive inclusive economic growth,” said the MEC.
The MEC also expressed gratitude to Dr Lubisi and the outgoing Board: “We also acknowledge the valuable
contribution made by the outgoing Board in establishing a strong foundation for the Agency.”
The New Board is expected to provide strategic oversight, strengthen governance and support the
implementation of priority investment programmes across the province.
ENDS
MEDIA INQUIRIES:
For media queries, please contact the KZN Growth Fund Agency at: [email protected]
ABOUT KWAZULU NATAL GROWTH FUND AGENCY: The KZN Growth Fund Agency (KZNGFA) is an unlisted entity of EDTEA, established under the KZN Growth Fund Agency Act, Act No. 4 of 2024. Initially set up in 2008 as a Trust initiative of the Department of Economic Development and Tourism, the Agency became operational in 2009 to finance medium- to large-scale private sector projects across KwaZulu-Natal. Its mandate is to provide competitive and innovative financing solutions that stimulate socio-economic growth in the province. EDTEA is the sole beneficiary of the Agency, whose objectives align with the provincial Growth and Development Strategy, the New Growth Path Framework, and key sector priorities.