E L (Lesetja) Kganyago /53

GOVERNOR

Executive director, Chairperson of the Board and Chief Executive Officer (CEO) of the SARB1

Appointed by the President of South Africa.

Appointed: 9 November 2014.

Responsible for: Executive Management Department, including the SARB Group Secretariat, General Counsel, Internal Audit, Economic Research and Statistics and Financial Stability departments.

Experience: served as Director General of the National Treasury and as a Deputy Governor of the SARB from 16 May 2011 to 8 November 2014. Represented South Africa in international organisations, including the World Bank, the International Monetary Fund, the Group of 20 (G20) and the African Development Bank.

Other current roles:

> Chairperson of the Committee of Central Bank Governors of the Southern African Development Community.

> Chairperson of the Financial Stability Board’s Standing Committee on Standards Implementation.

> Chairperson of the International Monetary and Financial Committee (IMFC) for a term of three years.

> Co-chairperson of the Financial Stability Board’s Regional Consultative Group for sub-Saharan Africa.

Board meeting attendance: 5/5

A D (Daniel) Mminele /54

DEPUTY GOVERNOR

Executive director and Chairperson of the Corporation for Public Deposits

Appointed by the President of South Africa.

Appointed: 1 July 2009 and reappointed for a second five-year term on 1 July 2014.

Responsible for: Financial Markets Department, International Economic Relations and Policy, Legal Services, National Payment System, Currency Management and Group Security Management departments, the Fintech Unit and Human Capital and Operations Cluster.

Experience: in credit-risk analysis, corporate banking, and project and structured finance at private banking institutions in Germany, the United Kingdom and South Africa, before joining the SARB in September 1999 and serving in various senior capacities within the financial markets environment.

Other current roles: G20 and BRICS Central Bank Deputy for South Africa and chairs the IMFC’s deputies.

Board meeting attendance: 5/5

1 The SARB Act requires the Governor to serve as both the CEO of the SARB and Chairperson of the Board, with a casting and deliberative vote.

Board membersat 31 March 2019

K (Kuben) Naidoo /48

DEPUTY GOVERNOR

Executive director and CEO of the Prudential Authority (previously the Registrar of Banks)

Appointed by the President of South Africa.

Appointed: 1 April 2015.

Responsible for: Prudential Authority Cluster and the RMCD.

Experience: headed the Secretariat at the National Planning Commission in the Presidency and the Budget Office at the National Treasury, and served as an Advisor to the Governor from 1 April 2013 to 31 March 2015.

Board meeting attendance: 4/5

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C B (Charlotte) du Toit /53

Non-executive director

Shareholder elected: July 2016.

Experience: served as a professor of Economics at the University of Pretoria. Has knowledge and skills in industry.

Board meeting attendance: 5/5

R J G (Rob) Barrow /72

Non-executive director and Chairperson of the Audit Committee

Shareholder elected: July 2011, re-elected in July 2014 and again in 2017 for a final three-year term.

Experience: in financial markets regulation and the setting of accounting standards in South Africa. Has knowledge and skills in commerce and finance.

Board meeting attendance: 5/5

F (Firoz) Cachalia /60

Non-executive director and Chairperson of the Board Risk and Ethics Committee

Government appointed: July 2012, re-appointed in 2015 and again in 2018 for a final three-year term.

Experience: admitted as an attorney and is an Adjunct Professor at the University of the Witwatersrand Law School.

Board meeting attendance: 5/5

R (Rochelle) le Roux /54

Non-executive director

Shareholder elected: July 2011, re-elected in July 2014 and again in 2017 for a final three-year term.

Experience: a professor in the Faculty of Law at the University of Cape Town and has knowledge and skills in labour.

Board meeting attendance: 3/5

Y (Yvonne) Muthien /62

Non-executive director and Chairperson of the Remuneration Committee

Shareholder elected: July 2018.

Experience: former CEO of Sanlam Group Services and Vice President of Coca-Cola Africa. Has knowledge and skills in commerce and finance.

Board meeting attendance: 3/5** Elected in July 2018.

T (Terence) Nombembe /57

Non-executive director

Government appointed: July 2014 and re-appointed in July 2017.

Experience: served as Auditor General of South Africa (2006 to 2013) and as CEO of the South African Institute of Chartered Accountants to November 2018, when he joined the Zondo Commission.

Board meeting attendance: 5/5

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G O V E R N A N C E c o n t i n u e d

F E (Francois) Groepe resigned as Deputy Governor with effect from 31 January 2019. At 31 March 2019, this position was still vacant as well as two vacancies for government-appointed non-executive directors. Ms L (Lerato) Molebatsi’s appointment by the President of South Africa has since filled one of the government-appointed non-executive director vacancies.

Director changes during 2018/19: page 74.

New government appointment in April 2019

G M (Gary) Ralfe /74

Lead independent non-executive director and Chairperson of the Non-executive Directors’ Committee

Shareholder elected: July 2011, re-elected in July 2014 and again in 2017 for a final three-year term.

Experience: knowledge and skills in mining.

Board meeting attendance: 5/5

B W (Ben) Smit /68

Non-executive director

Shareholder elected: December 2010, re-elected in July 2013 and again in 2016 for a final three-year term.

Experience: retired professor of Economics and director of the Bureau for Economic Research at the University of Stellenbosch. Has knowledge and skills in industry.

Board meeting attendance: 5/5

N (Nicholas) Vink /63

Non-executive director

Shareholder elected: July 2016.

Experience: knowledge and skills in agriculture.

Board meeting attendance: 4/5

L (Lerato) Molebatsi /49

Non-executive director

Government appointed: April 2019.

Experience: communications professional, with broad knowledge of the financial services, labour, transport and mining sectors.

Board meeting attendance: not applicable.

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