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Mark Goliath appointed as IDC's representative on Kumba board

25th June 2025

By: Creamer Media Reporter

     

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Mark Goliath has been appointed as a nonexecutive director of Kumba Iron Ore's board with effect from July 1, representing the Industrial Development Corporation (IDC).

He will also serve as a member of the social, ethics and transformation committee and the strategy and investment committee.

Goliath is currently the acting divisional executive: manufacturing at the IDC and has more than 15 years of corporate finance and 13 years of manufacturing operations experience.

He is accountable for leading a team which develops and implements industrial development investments across the manufacturing sectors focusing on South Africa and sub-Saharan Africa.

The sectors include chemicals, industrial minerals beneficiation, pharmaceuticals, oil and gas, machinery and equipment including yellow goods, automotive and rail value chains, wood and paper value chains and textile and clothing value chain.

Goliath holds an MBA from the University of the Witwatersrand, a BCom (Honours) Finance from the University of the Western Cape and a National Diploma in Chemical Engineering from the Cape Technikon.

"We welcome Mr Goliath and look forward to his contribution as we continue to build Kumba's resilience and competitive position for the benefit of all its stakeholders," comments Kumba chairperson Terence Goodlace.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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