Wansom.Ai Seacom CEO Alpheus Mangale on Special Leave Amid Investigation
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- •Seacom CEO Alpheus Mangale is on special leave pending an investigation.
- •CFO Charl Slabbert is acting as interim CEO during Mangale's absence.
- •The investigation is expected to conclude within a month.
Seacom's CEO Alpheus Mangale has been placed on special leave pending an independent investigation into allegations regarding the company's management. The board, led by chairman Pieter Uys, has not disclosed specific details about the allegations but emphasized the precautionary nature of the leave. CFO Charl Slabbert has been appointed as interim CEO during this period. Mangale has been with Seacom since April 2023 and is a key figure in the company's plans to raise between $1.5 billion and $2 billion for a new subsea cable project. The investigation is expected to conclude within a month, and operations at Seacom are reported to continue as normal. Mangale's previous experience includes senior roles at Standard Bank and Dimension Data. The situation arises at a critical time for Seacom as it seeks financial closure for its ambitious Seacom 2.0 project by the end of 2026.
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