Mathane Makgatho faces amophous markets

Do you know Mathane Makgatho? You should.

Multitudes will be looking towards Magkatho to work her magic as she takes up the role of managing Transnet’s funding strategy.

Makgatho was appointed as Group Treasurer of the transport and logistics state owned entity, Transnet, with effect from 1 March 2013. The gobbledygook in her new title hides a significant role that affect the livelihood of masses of people.

Transnet is rolling out a R300bn infrastructure development plan. A significant portion of this money has to be raised on the capital markets. Makgatho is now positioned as the point person in this mission whose prospects speaks directly to the health of the South African economy. The spin offs expected from Transnet’s programme of buying new trains and upgrading rail and ports infrastructure are potentially huge. That is if all goes according to financial plan. Transnet has estimated that its seven years programme will create  about 600000 jobs and massive new business opportunities.

Makgatho’s background which includes holding a position of Director for Market Risk at National Treasury suggests that she is well equipped for the position.  At National Treasury she was responsible for formulating and executing the government’s foreign borrowing programme. As such she knows the markets and they probably know her too. But then as you know dear reader, the amorphous markets can be extremely tricky. That is more so under the prevailing conditions with South Africa under the microscopic watch of credit rating agencies.Mathane Makgatho Transnet 1

Announcing Makgatho appointment Transnet said she will be responsible for driving funding strategy as well as managing rating agencies, investor and lender relationships. This amongst other things includes raising a third of the required funding for Transnet’s R300 billion investment programme from debt capital markets. She will lead all aspects of the company’s comprehensive funding strategy through various funding sources including commercial paper, domestic bonds, the Development Funding Institutions and bank loans amongst others.

Makgatho joined Transnet in 2007 as Head: Structured Finance. She has been responsible for the origination and structuring of debt capital market transactions (loans and bonds). She was also responsible for developing Transnet’s strategic approach to strengthen existing funding sources and build up new ones.

She holds a Masters in Development Finance and a BComm Honours in Economics from the University of Stellenbosch and Fort Hare respectively. She is also a member of the Board of Association of Black Securities and Investment Professionals. Previously Makgatho ran her own Treasury and Economic advisory consultancy.  Her clients included South African Airways, Department of Public Enterprises, Department of Trade and Industry, National Treasury, Development Bank of Southern Africa and the SABC.

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