Status Capital Building Society Appoints Nomfundo Fakudze as Executive Director

By Status Capital Building Society

The Board of Directors, Management, and Staff of Status Capital Building Society (SCBS) are pleased to announce the appointment of Ms. Nomfundo Fakudze as Executive Director of the Building Society.

Fakudze was appointed by the Status Capital Building Society Board in April 2023 with the core mandate of driving business sustainability and continuity.

SCBS is an Eswatini registered and licensed financial services provider carrying on the business of a building society within the parameters of the Building Societies Act of 1962.

The newly appointed Executive brings over 17 years of vast experience providing bespoke investment solutions for major-league South African-based financial institutions, namely; the National Empowerment Fund (NEF), Public Investment Corporation, Investec Limited, and ABSA Limited.

Fakudze holds an MBA from the reputed Gordon Institute of Business Science (GIBS) and possesses solid experience managing finance transactions, offering specialist pedigree in the areas of corporate finance, private equity, and development finance.

She joins SCBS subsequent to her role at NEF where she was responsible for raising capital through ESD initiatives (third-party funds) – stakeholder relationship management, deal sustainability, and risk & portfolio management.

Furthermore, Fakudze possesses a qualification in Business Rescue which has been fundamental to her experience in managing strategic business units in distressed environments.

She is also currently a member of the Coca-Cola Mintirho investment committee where she provides strategic inputs into the foundations’ investment activities.

Fakudze brings a wealth of experience and leadership to help drive the Society forward and the Society wishes her great success in her new role.

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