Today, the Board of the Mandela Bay Development Agency (MBDA), and the Chief Executive Officer (CEO), hereby announce a mutually agreed to early separation with the CEO. The mutual agreement is an outcome of extensive consultations.
The Board thanked Mr Adam for joining the MBDA in 2017, in an acting capacity when the Agency was in a state of flux, and for accepting the five-year appointment from February 2018.
Since Adam took over, the MBDA has consistently improved its year-on-year performance, on budget, and on key performance areas, as well as consistently receiving unqualified and improved audit outcomes from the Auditor General of South Africa. During Adam’s tenure, the MBDA transitioned
from a solely infrastructure driven entity, to a people centric, all of development organisation, with increased emphasis on psychosocial interventions.
The Nelson Mandela Bay Stadium, which is managed by the MBDA, has also aggressively pursued cost reduction and diversified sources of revenue to complement the absence of major sporting events, reducing the burden on rate payers. To that end, the NMB Stadium has been host to innovative
concepts, such as e-Sports and concerts as additional sources of revenue.
In Kariega, the MBDA operates the Nelson Mandela Bay Science Centre, made more accessible and relevant by the addition of 4IR school programmes and outreach initiatives. The team at the Science Centre, led by Adam, has spearheaded various knowledge sharing initiatives, hosting Webinars aimed
at tackling social challenges, such as the persistent water crisis in the Bay.
It was also due to Adam’s leadership that the MBDA succeeded in restarting and completing projects in Helenvale, where millions of donor funding were at risk. Several other projects have been delivered during his tenure, in Schauderville-Korsten, New Brighton, whilst others are progressing, such as the Uitenhage rail-sheds redevelopment.
Adam will be available to the MBDA for a period of thirty days, in the interim, the Board has appointed Nelson Mandela Bay Stadium Manager, Mpho Mokonyama as Acting CEO whilst the recruitment process for a new CEO gets underway.
Issued on behalf of MBDA Board Chairperson, Mr Sithole Mbanga.