4 Africa Exchange (Pty) Ltd (4AX), South Africa’s second fully-fledged and operational exchange, is pleased to announce two new executive appointments to its management team.
Lindiwe Ndlela joined the exchange in July 2017 as the Chief Financial Officer, bringing with her extensive experience in the ICT, manufacturing and engineering industries. Ndlela also brings on-board extensive financial, risk and strategic management.
Anthony van Eden joined on the 1st of August as the exchange’s new Chief Operating Officer – taking the reins from Desmond Mahony. Van Eden, brings extensive operational knowledge of the financial markets and will be responsible for implementing the exchange’s strategy, as well as the day-to-day operations.
“We are thrilled to have both Lindiwe Ndela and Anthony van Eden join the 4AX team, where their individual years of experience and new ways of thinking will add great value to the business and position it for significant growth as we continue to focus on contributing to developing and deepening the local capital markets,” says Fay Mukaddam, Chief Executive Officer of 4AX.
Lindiwe Ndlela, CFO, is a qualified Chartered Accountant (SA) and previously served as the CFO of the Manufacturing, Engineering and other Related Services Sectorial Education and Training Authority. Within this role, her great contribution in advancing critical skills shortage in the manufacturing and engineering sector saw her being recognised as a Finalist in the Public Enterprises Sector of CEO Magazine’s Most Influential Women in Business and Government Award (2013/2014). Ndlela was also appointed as a council member to the Mpumalanga Human Resources and Development Council, and has served as a non-executive director for Oriole HealthCare Administrators Pty (Ltd).
As a Chartered Accountant (SA), Anthony van Eden’s career achievements include the integration of the operations of the merged entities comprising Stanlib. He was fully responsible for the electronic Money Market Settlement system in South Africa, a world first. Further to this, van Eden was responsible for the launch, implementation and selling Strate’s Collateral Management Services to the banks, the JSE and securities lending and borrowing desks – and headed the market task team responsible for the recent amendments to the Securities Transfer and Tax Acts critical to the success of the Services.
“Although the local economy continues to experience subdued growth, I am very optimistic about the opportunities that exist in the country. South Africa is a vibrant, growing market with enormous potential and an exciting place to do business – particularly as our financial and capital markets are opening up, which is in keeping with growing economies around the world. And, I’m looking forward to our EXCO driving our vision of being a preferred alternative exchange, as we aim to open the door for Africa’s best companies, leaders and innovators towards the bright future of 4AX,” concludes Mukaddam.