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In a statement issued today the President of the South African Chamber of Commerce and Industry (SACCI), Mr Vusi Khumalo, said.

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It is with pleasure that SACCI announces the appointment of Mr Alan Mukoki as its new CEO who will take the helm at the organisation on 01 August 2015.

Alan Mukoki has had many years’ experience working as a senior executive, board level executive and non-executive director for various major private and public entities in South Africa, including, amongst others, Khula Finance, Business Partners, Peoples Bank, Land and Agricultural Bank, Nedbank, Denel. Alan is a founder member of Pacific Atlantic Capital and Hloma BCI Investments, both companies have been involved in the identification and acquisition of BEE opportunities in various sectors. Alan read banking, strategy, finance and the management of mega projects at the University of Oxford, where he graduated with both the Postgraduate Diploma in Financial Strategy, as well as the Master of Science( MSc). He is a Certified Associate CAIB (SA) and Fellow (FIBSA) of the Institute of Bankers in South Africa. Alan also completed the top executive level, Advanced Management Programme (AMP) at Harvard Business School.

At a media briefing this morning, Mr Dennis Dykes pointed out that the environment within which Mr Mukoki would be operating was one where domestic growth was below potential and while the global environment had improved it remained below par.

The economy would have to adapt to new realities and the commodity cycle was negative in the medium term. The era of cheap abundant global capital may be coming to an end and energy intensity of growth would have to ease further on price and output considerations.

Business needed to play a strong advocacy role and government needed to get back on the straight and narrow with regard to development, with the NDP providing a reasonable roadmap.

Government had to look at and implement market-guided policies rather than interventionist ones. On infrastructure small policy and regulatory changes could make a massive difference, unleashing capital and expertise and lifting constraints quickly.

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Issued by SACCI