Capitec Bank Appoints Two New Independent Non-Executive Directors

Capitec Bank Limited (JSE: BICAP) announced today the appointment of Naidene Ford-Hoon and Nadya Bhettay as independent non-executive directors, effective September 7, 2023.

Ford-Hoon is a chartered accountant with over 25 years of experience in the financial services sector. She has held senior positions at the South African Reserve Bank, Alexander Forbes Group Holdings Limited, and Telkom SOC Limited. She is currently a board member of SA Corporate Real Estate Limited, Independent Regulatory Board for Auditors (IRBA), and Knysna Initiative for Learning and Teaching.

Bhettay is a chartered accountant with extensive experience in mergers and acquisitions, strategic implementation, and business operations management in the telecommunications and technology industries. She has held senior positions at Vodafone Ireland, Vodacom Group, and Vodacom Business Ventures and Strategic Partnerships. She is currently a board member of Endeavour South Africa.

The appointments of Ford-Hoon and Bhettay are a significant boost to Capitec Bank’s boardroom. Both women have extensive experience in the financial services sector and bring a wealth of knowledge and expertise to the table. Their appointments will strengthen the board’s oversight and governance functions, and help to ensure that Capitec Bank remains a leader in the South African banking industry.

In a statement, Capitec Bank CEO Gerrie Fourie said: “We are delighted to welcome Naidene and Nadya to the Capitec Bank board. They are both highly accomplished individuals with a proven track record of success. Their insights and expertise will be invaluable as we continue to grow and evolve our business.”

The appointments of Ford-Hoon and Bhettay are also a positive sign for South Africa’s banking sector. They are the latest in a growing number of women who are being appointed to senior positions in the industry. This is a welcome trend, as it helps to ensure that the banking sector is more representative of the South African population.