Iqbal Surve has stepped down as chairman of Sekunjalo Investment Holdings after more than two decades at the helm, ending an era for one of South Africa's most prominent diversified investment groups just as its linked digital publishing arm announces a R200 million 12.4 million shareholder-backed expansion drive.
The leadership change, which took effect May 1, was framed by Sekunjalo as the natural start of a new chapter. Zoliswa Kota-Mpeko, a founding member of the group and former deputy minister of Human Settlements, has taken over as chairperson. Lucien Jacobs, previously Sekunjalo's chief operating officer and chairman of Independent Media, has been appointed chief executive.
The timing could not be more loaded.
