According to the press statement announcing the appointment, Duda will hold the post for five years from 1 March 2012.
The full press release follows below:
After a recommendation by the South African Broadcasting Corporation (SABC) Board, Communications Minister, Ms. Dina Pule MP, applied her mind and is pleased to announce the appointment of Ms. Gugu Duda as the chief financial officer of the SABC.
The appointment is from 1 March 2012, for a period of five (5) years.
Ms. Duda has the relevant qualifications, skills, capabilities and experience required for the position.
She has extensive executive, financial and strategic leadership experience. A chartered accountant by training, Ms. Duda was previously chief financial officer for Internet and telephone banking at the First National Bank.
She left to join Wipcapital as executive investment manager, before departing for AngloGold Ashanti to take up the position of vice president for strategy and risk integration for continental Africa.
Upon obtaining her Bachelor of Commerce in accounting from the University of the Witwatersrand (Wits), she completed her Honours degree at the University of South Africa. Ms. Duda later completed a Post Graduate Diploma in Financial Management and a certificate in Theory of Accountancy.
Minister Pule is satisfied about the integrity of the selection and evaluation process.
The Minister, Deputy Minister and the SABC Board congratulate Ms. Duda on her appointment and wish her every success in assisting to turn around and stabilizing the public broadcaster.
Ms. Duda’s appointment re-affirms Minister Pule’s commitment, after due process and consideration, to quickly fill the top executive positions at the SABC. This should allow the SABC to deliver broadcasting services to the South African public in a cost effective manner.