The Scaw Metals Group has announced the appointment of its new Chief Financial Officer, Patrick Malaza. Malaza’s appointment comes at a time when the industry is going through many changes.
“I look forward to a long and healthy relationship with Scaw Metals Group and moreover, driving the long-term sustainability of the company’s financial position,” said Malaza.
Malaza will be taking with him many lessons from his previous role as CFO at Central Rand Gold Ltd, where he was entrusted to achieve strategic objectives by providing guidance and leadership to enable efficient and effective financial management, procurement, information systems, reporting and governance.
As ammunition for his future at Scaw Metals Group, Malaza holds a Bachelor of Commerce Degree from the University of Fort Hare and a Bachelor of Accountancy from the University of Witwatersrand. He received his CA (SA) in 1995 from the Public Accountants and Auditors Board Examination and has since gained extensive experience in the areas of financial accounting, management accounting, income tax, corporate finance, supply chain management, property, auditing and strategy.
His experience also includes senior roles at Transnet Freight Rail including Executive Manager for Spoornet International and Business Ventures and Executive Manager for Procurement and Property.
Markus Hannemann Chief Executive Officer of Scaw Metals Group said, “With Patrick’s background and industry experience, he is the perfect candidate for our organization. Our ability to adapt and respond to a rapidly changing operational environment is at the heart of driving our business growth strategies. With an array of experience in the corporate sector, Scaw Metals looks forward to the expertise that Mr Malaza will bring into the organisation,”
The company produces 750 000 tons of steel per annum, of which 300 000 tons consists of secondary-type products or finished steel. This makes Scaw Metals one of the most significant exporters of secondary steel products in South Africa.
Scaw Metals Group
Scaw is a leading South Africa based integrated steel maker producing highly specialised and critical consumable components for the mining, rail, power, offshore oil and gas, construction, commercial and other industrial sectors. The business operates through four product focused business units with facilities in South Africa. Grinding Media produces high chrome and forged grinding media. Wire Rod Products produces steel wire rope, chain, wire and strand and other related products for mining, industrial, construction and offshore oil drilling applications. Cast Products designs and produces a variety of cast steel products for the mining, metal processing, power generation and railway industries. Rolled Products is a manufacturer of low and high carbon long steel products.