Contact Details & Description
As Chief Executive Officer of Alexkor Limited, Khetiwe is responsible for the development and implementation of the company strategy, while managing and overseeing the operational and social aspects of the company. Previous portfolios include Executive Director for Khusela Women Investments, Executive Chairperson for Alexkor Limited, Chairperson for Alexkor Limited and Member of the Executive Committee for Harmony Gold Mine Limited. Other portfolios include the Liaison for Transformation and Beneficiation with the Department of Minerals & Energy, and Market Research in the Embassy’s Trade and Political Sectors for the South African Embassy (Rome and Italy). Her qualifications include: Architecture Courses, University of Florence, 1989 – 1991; BA Fine Arts, The Academy of Fine Arts, Pietro Vannucci, Perugia, Italy, 1988; Diploma, The Institute of Art, Perugia, Italy, 1988; Italian Language Course, University for Foreigners, Perugia, Italy, 1983; Italian Language Course, University for Foreigners, Perugia, Italy, 1982; BA (Completed first year with distinction), National University of Lesotho, Roma, 1981; Course in Mannerism, Graduate School if Fine Arts, Villa Schifanoia, Florence, Italy, 1982; High School O Levels, Waterford Kamhlaba High School, 1980; Management in Mining and Minerals, Institute Environmental Policy, MEETI, MINTEK, July 2000; Beneficiation of Minerals and Metals, Institute Environmental Policy, MEETI, MINTEK, July 2001; Executive Programme in Environmental Policy and Management, Institute Environmental Policy, MEETI, MINTEK, July 2001; Course in Strategic Management, Gordon’s Institute for Business Studies, November 2002; and Finance for Non-Financial Managers, Gordon’s Institute for Business Studies, November 2003.
Alexkor was established in 1989, when the State alluvial Diggings was taken over from the government and transformed into the Alexander Bay Development Corporation. Since November 1992 Alexkor Limited has been run as a public Company with the state as sole shareholder. Alexkor’s the only state-owned diamond mine and as it has significant strategic importance for the Namaqualand region. The core business of Alexkor is the mining of diamonds on land, along rivers, on beaches and in the sea along the north-west coast of South Africa. These activities are complemented by geology, exploration, ore reserve planning, rehabilitation and environmental management. The non-core moveable assets were transferred to the Richtersveld Community in June 2007 as part of the Deed of Settlement and pooling and sharing joint venture was established with the Richtersveld Community on the 7th of April 2011. Alexkor’s distinctive competencies are its quality of diamonds and its unique land and mineral resources. Over the life of the mine approximately 10 000 000 carats of gemstone quality diamonds have been recovered.
Year founded: 1928
Founding members: SA Government
BUSINESS & FINANCE
Operating profit: R11.3-million
Net profit: R84.2-million
Financial year-end: 31 March
Market share: 1%
Holding company: Department of Public Enterprise
Bank: First National Bank, Nedbank, Rand Merchant Bank and Investec
Accountants: PricewaterhouseCoopers Inc.
1. Vision: To transform Alexkor into a competitive and sustainable mining company that will contribute positively towards the needs of all stakeholders.
2. Mission: To maximise profits from the sustainable exploitation of the resource, thereby ensuring satisfactory returns to its shareholder and make a contribution towards the socio- economic upliftment of the region. This will be achieved in accordance with all statutory and regulatory requirements.
3. Founded in 1928
4. Have 108 employees
5. Enjoys a turnover of R195.9-million
Hot Tips From The CEO: KHETIWE MCCLAIN
1. Hard work and dedication pays off. Individual productivity is essential to success.
2. Have clear goals
3. Think out of the box
4. Empower your team. Allow others to do what they are good at.
5. South Africa is blessed with great talent and resources. Let us spread out the benefits as best we can