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Johannesburg - Songezo Zibi has been appointed editor of Business Day effective from May 1, Times Media Group (TMG) said on Friday.
"I am especially delighted that Songezo Zibi will become editor when I leave the chair at the end of April," outgoing editor Peter Bruce said in a statement.
Bruce recommended Zibi as his successor.
Zibi had 15 years experience in the communications industry. He spent four years as corporate affairs executive at Xstrata SA and served on the executive committee of the National Business Initiative.
He had been a regular columnist for the Financial Mail, where he was appointed senior associate editor a year ago.
Bruce said: "I harassed him for almost two years before persuading him to join us and I wish him nothing but the very best in the job.
"He is a fierce intellect and he will be, I have no doubt, a great leader."
TMG media division managing director Mike Robertson paid tribute to Bruce, saying that under his 13-year tenure Business Day went "from strength to strength, establishing it as SA's leading financial journal by far".
"TMG is proud that Peter will continue to contribute to our stable of titles and build on his recent venture into broadcast journalism."
Bruce would remain editor-in-chief of Business Day and the Financial Mail. He would continue to work towards the ongoing success, both editorially and commercially, of the print and online versions of both titles, while extending his presence with Business Day TV.
Zibi said he was excited, if somewhat nervous, about his new role.
"Stepping into Peter's shoes is both an honour and terrifying at once, but it is a challenge I am nonetheless excited about and look forward to," said Zibi.
