Nov 12 2008
Phuti Malabie (37), managing director of Shanduka Energy, a subsidiary of South Africa-based Shanduka Group, made it onto the Wall Street Journal’s (WSJ) annual list of 50 Women to Watch.
She is in 47th place on the list of women in business around the world to watch in the coming year. The list was published in the Careers section of the WSJ today.
In an accompanying article, the WSJ said: Malabie plays a key leadership role in the growth of Africa’s rapidly developing energy sector, and in the future of some of the continent’s possible corporate leaders.
Shanduka Group is an investment company owned by ex-politician and ex-labour leader Cyril Ramaphosa.
In case the WSJ article is closed to non-subscribers, here some more of what the WSJ had to say about the SA manager:
Born in South Africa, but educated in the U.S. and U.K., Ms. Malabie started working for Fieldstone in South Africa, an international boutique investment firm that focuses on energy companies. From there, she moved on to the Development Bank of Southern Africa, financing infrastructure projects. Four years ago she came to Shanduka Group to head its energy division.
The recent commodities boom has helped spur demand for electricity in sub-Saharan Africa, overwhelming the power infrastructure’s current capacity in the region. Governments have turned increasingly to private equity to help finance new power projects such as coal plants, hydroelectric dams and oil pipelines.
Under Ms. Malabie, Shanduka Energy has pursued partnerships with companies investing in Mozambique and South Africa, both of which are expected to grow despite the global financial crisis. Ms. Malabie is also leading the hunt for what she sees as undervalued assets on the continent.
* Cynthia Carroll, CE of Anglo American PLC, appears in 20th position on the list, but that’s not news. She’s been on severals lists of this kind before.