The board of Hudaco Industries Limited announced the appointment of Paul Cambo Baloyi as independent non-executive director of Hudaco Industries Limited's board with immediate effect. Paul is currently the executive chairman of Talent 10 Holdings Proprietary Limited. From 2002 until 2012, he was chief executive officer and managing director of the Development Bank of Southern Africa and the DBSA Development Fund.

He is currently a member of the IOD, Chairman of The African Capacity Building Foundation and serves on the boards of Old Mutual South Africa, Basil Read Holdings Limited, Bidvest Group Limited and Bidvest Bank Limited.