BusinessHigher Education

CHIETA Announces New Governance Board and CEO Reappointment Amid Strong Performance Record

South Africa’s chemical sector education authority has undergone significant leadership changes with a new accounting authority board appointed by the Higher Education Minister. Yershen Pillay has been reappointed as chief executive officer until 2030 as the organization celebrates three consecutive clean audits and nationwide skills development impact.

Leadership Transition at Chemical Sector Education Authority

Sector education and training authority the Chemical Industries Education and Training Authority (CHIETA) has appointed a new Accounting Authority board, according to recent reports. Sources indicate that Higher Education and Training Minister Buti Manamela made the appointments effective September 30, marking a significant governance transition for the organization.

Personal FinanceStartups

Asymmetric Capital Defies VC Odds with $137 Million Second Fund Amid Industry Shifts

New York-based Asymmetric Capital Partners has reportedly closed a $137 million second fund, surpassing its original target. The firm’s philosophy emphasizes capital efficiency and founder outcomes, contrasting with industry trends toward larger funding rounds.

Defying Industry Trends with Focused Fundraising

Asymmetric Capital Partners has successfully raised a $137 million second fund, exceeding its $125 million target according to reports from Fortune. This achievement comes during a challenging period for venture capital firms, particularly those established during the 2021 funding boom. Sources indicate that only approximately 8% of first-time VC funds from 2021 have managed to raise larger second funds, making Asymmetric’s accomplishment particularly notable.