Sequel to its R20 million investment into South African civic technology platform (GovChat), Capital Appreciation has announced their Non-Executive Chairman, Michael “Motty Sacks, as Chairman of the Board of Directors at GovChat.
The newly appointed chairman is an accomplished business executive in South Africa with experience spanning over five decades.
The CEO at GovChat, Eldrid Jordaan said, “We’re delighted to have Motty serve as Chairman of the Board, his extensive experience in business, his current BEE mentoring activities and his BEE promotional history, suggest a mutually rewarding relationship going forward.”
According to iAfrikan, Sacks has held Executive and Non-Executive office in several business sectors, including healthcare, financial services, technology, education, property, and manufacturing. Motty was a co-founder of Netcare Limited, having served as its Executive Chairman, thereafter as a Non-Executive Director until his retirement. He was also a co-founder and Chairman of JSE listed Aplitec Limited (now Net 1) and a co-founder, Director and mentor to JSE listed Afrocentric Investment Corporation Limited.
GovChat hopes to grow and expand beyond South Africa with the aim to assist government to better engage with citizens. The Appointment of Sacks is perceived as a signal of intent to this
The appointment of Sacks as Chairman at GovChat can be seen to signal the civic technology platform’s ambitions to grow and expand beyond South Africa as it aims to help governments to better engage with citizens.
Speaking on the appointment, Sacks said, “I am delighted to join the Board of GovChat, equally pleased to have allocated R20 million of funding to GovChat, through our Capprec Group Enterprise Development Fund. The GovChat team under Eldrid Jordaan are energetic and ambitious and I look forward to being part of GovChat’s exciting journey.”
