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
Sakhumnotho Group Holdings is guided by the following core principles, which have underpinned our business over the last 20 years:
AGILITY & ACTION
ETHICAL CULTURE
STEWARDSHIP
TRANSFORMATION
ADVANCEMENT
CORPORATE CITIZENSHIP
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)
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
Director: Office of the President & CEO (GBR)
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)