CORPORATE
GOVERNANCE

CORPORATE GOVERNANCE

Sakhumnotho takes good corporate governance and ethics very seriously and it forms an integral part of how we conduct business. The Board of Directors provide the overall strategic direction for the Group and set the tone for how management and staff conduct themselves. In line with the King Codes of good practice, our Board has a good mix of highly skilled and experienced independent non-executive directors. Our lead independent non-executive director ensures that there is balance and objectivity in how the Board conducts its business.

The Board has set up Committees to support its work by tapping into the specific talents, skills and knowledge of individual Board directors to inform and educate the full board on particular areas of concern. Committees allow the Board to manage its output more effectively through a series of specific initiatives and programmes to address organisation-wide issues.

The Board has the following Board Committees:
• The Investment Committee
• Audit Risk & Finance Committee
• Social Ethics & Transformation Committee
• Governance Strategy & Remuneration Committee

PROFESSOR SIPHO MSELEKU

President & CEO
Chairman of the Board

BA (Hons) LLB; LLM (Tax Law); Higher Diploma (Company Law) (Witwatersrand); F.Inst.D., Attorney of the High Court of South Africa.

Adjunct Professor: University of South Africa, College of Economic & Management Sciences

JOHN MOALUSI

Lead Independent Non-Executive Director
Chairperson: Governance Strategy & Remuneration Committee

BProc (Unisa); Post Graduate Diploma in Management (Wits Business School); Executive Development Program (EDP) (UCT Business School and Kellog University, USA)

MPHO MOLEPO

Independent Non-Executive Director
Chairperson: Social Ethics & Transformation Committee

BProc (University of the Witwatersrand); Admitted Attorney of the High Court

CYNTHIA HOLMES

Independent Non-Executive Director
Chairperson: Finance, Audit & Risk Committee

Fellow of Chartered Governance Institute of Southern Africa (FCGI); Fellow of the Chartered Institute of Business Management (FCIBM).

BUZWE YAFELE

Independent Non-Executive Director

B.Eng(Honours) Fuel & Energy (University of Leeds, UK); Post Graduate Certificate, Marketing Management (Witwatersrand); Certificate in Key Issues in the World Nuclear Industry Today (World Nuclear University); Certificate: Natural Gas - Technical and Commercial Issues for Power Generation (University of Oxford, UK).

MOLLY DHLAMINI

Independent Non-Executive Director

BA (Durban Westville-UKZN); BA (Honours) Industrial Sociology (Rand Afrikaans University- UJ); BA (Honours) Industrial Sociology, Graduate Diploma in Sociology (Witwatersrand)

Current studies: Executive Masters in Managing Peace and Security in Africa (Institute for Peace and Security Studies, University of Addis Ababa, Ethiopia)

ABNER MSELEKU

Non-Executive Director

Shareholder representative for Amaduma Investments which holds an 8.5% stake in Sakhumnotho Group Holdings.

JEFF SIBEKO

Non-Executive Director

BA (UNISA); BA (Honours) (Witwatersrand), Advanced Certificate in Education Management (University of Johannesburg)

JOSEPH NYALUNGU

Non-Executive Director

Shareholder representative and Trustee of the Global Fund For Jesus (GFFJ) which holds an 11.5% equity in Sakhumnotho Group Holdings. Senior Pastor, Lighthouse Kingdom Church International; Presiding Apostle, Lighthouse Kingdom Network Trustee.

Author of books titled: The Power of Prayer Revealed; God’s Word Unfolded, Leadership Dynamics, Signs, Wonders and Miracles

SIPHO MSELEKU JNR

Non-Executive Director

BCom(Accounting), CTA (Witwatersrand)

THATO MASHAO

Executive Director

Director: Office of the President & CEO (GFFJ) & Sakhumnotho Group

Higher Diploma in Sound Engineering (Allenby Campus)

ALICE MOTHIBA-DLADLA

Executive Director: Sakhumnotho Group Holdings

Executive Director: Sakhumnotho Foundation

RONNIE MULAUDZI

Chief Operations Officer

BSc (Witwatersrand); BA(Hons), Master of Commerce (UNISA); Certificate in Strategic Finance & Value Creation (GIBS)


Current Studies: Doctor of Philosophy (Wits Business School)

FRENCEL GILLION CA(SA)

Head: Investments

Bachelor of Commerce (Accounting), Bachelor of Commerce Honours (University of the Western Cape)

NELLIE KITHUKA (ACG)

Group Company Secretary

LLB (Nairobi); Postgraduate Diploma, Law (Kenya School of Law); LLM (UNISA); Postgraduate Diploma Business Management and Administration, BMA (College Campus); Company Secretarial and Governance Practitioner, Associate Member [Chartered Governance Institute] (ACG) (ACIS); Certified Secretary (CS) [Institute of Certified Secretaries]

THABANG NKOSI

Head: Group Information & Technology

National Diploma, Software Development, Bachelor of Technology, IT Project Management (University of Johannesburg); Post Graduate Diploma, Business Administration (UCT Business School)



Current Studies: Master of Business Administration (University of Free State)

MOLEBOGENG RAOLANE

Senior Manager: Investments & Corporate Finance

Bachelor of Business Science in Finance BCcom (Honours), BCom (Accounting) (University of Cape Town); Post Graduate Programme in Advanced Taxation (University of Pretoria); Advanced Corporate Law and Securities Law (University of South Africa).

Current Studies: Master of Business Administration (GIBS)

PAUL NDABA

Business Manager: Mpilo Capital

BCom, Intrapreneurial Management (University of Johannesburg); Professional Diploma in Digital Marketing (Vega School of Branding); Post Graduate Diploma: Management (Wits Business School);



Current Studies: Master of Business Administration (Wits Business School)

BRADLEY CERFF

Head: Sakhumnotho Energy

BSc, BSc (Hons), MSc (University of the Western Cape); BBA (Hons), MBA (Stellenbosch).

Member of Society of Petroleum Engineers (SPE). Member of Southern African Institute for Business Accountants (SAIBA). Advisory Board member for the South African Institute for Advanced Materials Chemistry (SAIAMC) at the University of the Western Cape (UWC).

Current Studies: Doctor of Philosophy (Western Cape)