26 Aug MR SIZWE MNCWANGO
Group Chief Executive Officer: Thebe Investment Corporation (TIC)
Sizwe Mncwango is a seasoned professional with extensive experience in energy and energy related investment spanning over the last 29 years. Prior to his current role, Sizwe was the CEO of the Energy & Resources Division of Thebe since 01 April 2015. Before joining Thebe, Sizwe was the Chief Executive Officer of the Central Energy Fund, a state-owned SA entity focussing on oil, gas, coal, renewable and alternative primary energy sources.
Sizwe holds a Bachelor of Science and a Master of Science degrees, both in Civil Engineering from Northwestern University, Chicago USA, as well as a Master’s degree in Business Administration from the University of Cape Town, South Africa.
Over the past two decades, Sizwe has held various key and influential executive roles at BP in South Africa including that of a BEE Project Manager. It was during his tenure in this role in 2001 that Sizwe was instrumental in brokering the sale of 25% of BP SA shares to Historically Disadvantaged South Africans. The structure and design of this transaction would later pave the way for the formation of Masana Petroleum Solutions.
Masana, an operating Joint Venture in the wholesaling of petroleum products, was formed in 2005 by BP SA and its then empowerment partners MIC and WDB. It was a first of its kind in the sense that it was run, managed and controlled by HDSAs. To date, Masana still epitomises excellence in black operatorship and has been the champion of transformation in the SA liquid fuels sector. Sizwe was the founding Managing Director of Masana since its inception for seven years until 2012.
Sizwe’s depth as a leader has seen him heading up, amongst other functions, the Corporate Strategy Division of BP in Africa between 2001 and 2003. Between 2003 and 2005, Sizwe also had a short stint in Financial Services with Old Mutual in South Africa as the Managing Director for their Healthcare Division as well as the Chief Executive Officer for the Group Schemes Division. Between 2013 and 2014, he was also the Interim Chairperson of PetroSA (SOC) LTD.
Sizwe is a passionate strategic thinker with a strong business and financial (including corporate finance and deal structuring) acumen and leadership skills backed by a solid track record of delivery.