Lerato Mangope

Lerato holds a Bachelor of Arts in Economics degree from Vista University and is in the final stages of completing her MBA. In addition, she has a PDM from the University of Natal, together with a Diploma in Investments Liability Management from the University of Johannesburg (formerly RAU). She is presently the head of the Asset and Liability Management and Corporate Funding ("ALMU") division of the Industrial Development Corporation of South Africa Limited ("IDC"). In her present position, she deals with the planning and implementation of the borrowing plan for the IDC on an annual basis, manages the cost of debt, as well as managing the tender procurement process relating to the funding of the IDC and covenants. Previously, Lerato was a Senior Risk Manager with the IDC for eighteen months where she proactively promoted risk awareness whilst monitoring and overseeing the management of key risks facing the IDC on the basis of Enterprise-Wide Risk Management. She also worked as a Risk Manager for Transnet for seven years where she dealt with the analysis of the Transnet portfolio, the management and reporting of liquidity reports to the Strategic Committee, as well as reviewing the Transnet financial instrument policies. Lerato joined the ConvergeNet Board in August 2010 as a non-executive Director.