NDB offloads veteran board members

In her staff update of April 14, 2015, the bank’s chief executive officer, Lorato Morapedi said the former board chairperson, Lesedi Seitei, former board deputy chairperson Mabu Nteta and Thembisile Phuthego’s terms have come to an end.

“This comes after the multiple renewal of their contracts at the instance of Ministry of Finance and Development Planning given the transformation that the bank is going through. I wish to take this opportunity, on my behalf and your behalf to thank them for their years of dedicated service and strategic leadership to NDB,” said Morapedi.