Board Members Biographies

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Board Members 
 

Mr E L (Lesetja) Kganyago
Governor

Mr Lesetja Kganyago was appointed Governor of the SARB with effect from 9 November 2014. He was reappointed by the President of South Africa for a second five-year term effective 9 November 2019. He is the Chairperson of the Monetary Policy Committee, and the Financial Stability Committee. Prior to his appointment as Governor, Mr Kganyago served as Deputy Governor of the SARB from 16 May 2011 until his elevation to Governor.

Mr Kganyago chairs the Committee of Central Bank Governors of the Southern African Development Community (SADC), co-chairs the Financial Stability Board’s Regional Consultative Group for Sub-Saharan Africa, and chairs the Financial Stability Board’s Standing Committee on Standards Implementation. In addition, Until recently he served as the Chairperson of the International Monetary and Financial Committee, which is the primary advisory board to the International Monetary Fund (IMF) Board of Governors, from 18 January 2018 – 17 January 2021

Before joining the SARB, Mr Kganyago was the Director-General of the National Treasury. He represented South Africa at international organisations such as the World Bank, the IMF, the G20 and the African Development Bank.  In this role, he served as the Chair of the Development Committee Deputies and also co-chaired a G20 Working Group on the reform of the IMF.

He holds an MSc in Economics from SOAS University of  London and a Bachelor of Commerce degree in Economics and Accounting from the University of South Africa. He also received various training in Finance, Economics and Management.

Other roles: Chairperson of the Committee of Central Bank Governors (CCBG) of the Southern African Development Community (SADC). Co-chairs the FSB’s Cross-Border Payments Coordination Group (CPC) and Regional Consultative Group for Sub-Saharan Africa (RCG-SSA).

Awards: University of South Africa (Unisa) Chancellor's Calabash Outstanding Alumnus Award in 2015. Named Central Bank Governor of the Year by Central Banking Publications in 2018. Doctor of Commerce, honoris causa, awarded by Stellenbosch University in December 2018. Leadership in Practice Award in 2019 from Unisa Graduate School of Business Leadership. Doctor of Commerce, honoris causa, awarded by the Nelson Mandela University in December 2020.

Ms N (Fundi) Tshazibana | 
Deputy Governor and
CEO: Prudential Authority

Appointed | 1 August 2019 for a five-year term. 

Responsibilities: The Prudential Authority and the Financial Surveillance Department. 

Experience: Before the rotation of the deputy governors on 1 April 2022, she oversaw the Financial Markets and International Cluster. Ms Tshazibana joined the SARB in 2018 as Adviser to the Governor and was appointed as a deputy governor in 2019 by the President.  She is an economist with extensive experience in public policy formulation and analysis, having worked at multiple local and international institutions, including National Treasury, the National Energy Regulator of South Africa (NERSA) and the International Monetary Fund (IMF).

At the IMF, she was an alternate executive director on the Executive Board, which runs the day-to-day operations of the IMF. Prior to joining the IMF, Ms Tshazibana was a deputy director-general at National Treasury, where she was responsible for macroeconomic policy and economic forecasting. At NERSA, she worked as a senior policy analyst. She holds a Bachelor of Economics (Honours) degree and a Master of Commerce degree in Economics from the University of KwaZulu-Natal.

Other roles: Member of the Basel Committee on Banking Supervision. Member of the Supervisory and Regulatory Committee of the FSB. Member of the Board of the Corporation for Deposit Insurance.

Dr R (Rashad) Cassim
Deputy Governor

Appointed | 1 August 2019 for a five-year term.

Responsibilities: Financial Markets, Legal Services
and International Economic Relations and Policy departments.

Experience: Dr Rashad Cassim is a deputy governor of the SARB and a member of the Monetary Policy Committee.  He oversees the Financial Markets and International Cluster, responsible for financial markets, international economic relations and policy, and legal services.

Before the rotation of the deputy governors on 1 April 2022, he oversaw the Financial Stability and Currency Cluster. He also served as Chairperson of the Irving Fischer Committee on Central Bank Statistics within the Bank for International Settlements.

Prior to joining the SARB, Dr Cassim served as the Deputy Director-General for economic statistics at Statistics South Africa, which included responsibility for the production of inflation and gross domestic product statistics. Before that, he was a professor and Head of the School of Economics and Business Sciences at the University of the Witwatersrand. Dr Cassim has also held various research and academic positions at the University of Cape Town (UCT). He holds a Master's degree in Economic History and a Doctor of Philosophy degree in Economics from UCT.

Other roles: Member of the BIS Markets Committee from 2006 to 2011.

 

Ms Kholeka Mzondeki
Government

Qualifications: Bachelor of Commerce Degree in Accounting, Diploma in Investment Management), Certificate in Digital Disruption Strategies (Cambridge University), Fellow of the Association of Chartered Certified Accountants (ACCA, United Kingdom).

Experience: Khokeka is appointed as a Non-Executive Director to the SARB Board of Directors, assuming this responsibility in September 2023.

As an internationally qualified chartered accountant with extensive experience in senior finance executive roles, Kholeka brings over 30 years of hands-on experience in strategic planning, mergers and acquisitions, business initialisation and business turnaround strategies.

As former chairperson of digital aggregator company, Trudon, a subsidiary of Telkom SA, she also served as an independent non-executive director. Kholeka also served as a Council member for six years on the Association of Chartered Certified Accountants (ACCA, United Kingdom) and on the Audit Committee of the United Nations World Food Programme. In 2008 she was a finalist in the Nedbank/BWA Businesswoman of the Year Awards.

She serves on several JSE-listed company boards as an independent non-executive director.

Prof Charlotte Buitendag
Industry

Qualifications: Doctorate (PhD) in Econometrics

Experience:  Is serving as Professor in Simulation and Futuristic Studies at the Thabo Mbeki Graduate School for Public and International Affairs, Unisa. Has previously served as Professor of Economics at the University of Pretoria. Has knowledge and skills in industry.

Mr Zoaib Hoosen
Industry

Qualifications: MBA and Bachelor of Science (BSc) in Computer Science and Mathematics

Experience: 30 years’ experience in the information and communications technology industry and former Managing Director of Microsoft South Africa. Currently, a member of the GIBS Advisory Board and advises businesses on their digital transformation journeys. Has knowledge and skills in industry.

Ms Lerato Molebatsi
Government

Qualifications: BA degree and has completed various certificate programmes

Experience: Former CEO of a multinational company, has held positions in financial services companies such as Sanlam and Old Mutual, and now serves on the board of an infrastructure company based in Kenya and locally. Has knowledge and skills in financial services, labour, transport, mining and corporate governance as a non-executive director. Has knowledge and skills in government affairs and policy, communication and public affairs, leadership and strategy.

 

 

 

Prof Nicholas Vink
Agriculture

Qualifications: PhD in Agricultural Economics

Experience: A non-executive director on the Rooibos Limited Board and is Past President of the International Association of Agricultural Economists (2021 to 2024). Has knowledge and skills in agriculture.

Dr Yvonne Muthien
Commerce or Finance

Qualifications: PhD, Oxford University, Master of Arts, Northwestern University, BA (Hons) – cum laude, University of the Western Cape

Experience: Currently Chairperson of Rhodes Food Group, and non-executive director of Aspen and SA SME Fund as well as Chairperson of Mavovo Capital. Former positions include CEO of Sanlam Group Services, Chairperson of BankservAfrica, Vice-President of Coca-Cola Africa and Executive Director of MTN. Has knowledge and skills in commerce and finance in the telecommunications, fast-moving consumer goods (FMCG) and financial services sectors as well as extensive executive management and board experience across sectors.

Mr Norman Mbazima
Mining

Qualifications: Fellow of the Association of Chartered Certified Accountants and fellow of the Zambia Institute of Chartered Accountants

Experience: Over 18 years as a senior executive at Anglo American, including as Deputy Chairman of Anglo American South Africa and as CEO and CFO of various business units. Seventeen years’ experience as a professional accountant with Deloitte & Touche, providing services to the mining, financial services and other industries. Currently the Chairperson of Anglo American Platinum Limited and Zambia Sugar Plc and serves on various other boards. Is also a trustee of Malaria No More. Has knowledge and skills in mining.

Ms Tryphosa Ramano
Commerce or Finance

Qualifications: CA(SA), postgraduate diploma in Accounting and BCom. Currently an Advanced Leadership Initiative fellow at Harvard University, Boston

Experience: Co-founder and director of Magommake Limited, a strategic consultancy. Has held various positions in the public and private sectors in South Africa, previously served as the Chief Financial Officer (CFO) of PPC Limited, WIPHOLD (a black women-owned investment company) and South African Airways and was the Chief Director for Asset Liability at National Treasury. Currently serves on the boards of the International Women’s Forum (South Africa) and the Solidarity Fund and is the Chairperson of the Audit and Risk Committee for both entities. Is a professional member of the South African Institute of Chartered Accountants (SAICA) and Turnaround Management Association of South Africa, and currently serves as the Chairperson of Young Leaders Connect and the Gender-based Violence and Femicide Response Fund. Is also a non-executive director of the Public Investment Corporation (PIC), Denel SOC Ltd, Eskom Holdings SOC Ltd, SA Rugby Council as well as the Chairperson of Audit and Risk Committee at the University of Pretoria. Has knowledge and skills in commerce and finance.

Ms Shamima Gaibie
Labour 

Qualifications: BA and Bachelor of Laws (LLB) degrees from Wits University and a Master of Laws (LLM) degree from the London School of Economics and Political Science (University of London, UK)

Experience: Admitted as an attorney, practising for more than 29 years in a number of niche areas including labour law, public sector law, commercial law and constitutional law. Previously served as a lecturer of law and acted as a Judge in the Labour Court and High Court and is a senior director at Cheadle Thompson & Haysom Inc. attorneys. Has written numerous articles on labour law issues and has spoken at numerous conferences.

Ms Dudu Msomi
Government 

Qualifications: Bachelor of Arts (BA) degree (Psychology and English), BA (Hons) degree (Cultural and Media Studies), Postgraduate Diplomas in Advertising and Marketing and Corporate Governance, and a Master of Business Administration (MBA) from the University of Pretoria's Gordon Institute of Business Science (GIBS)

Experience: Founder and CEO of Busara Leadership Partners (with expertise in facilitating the development and effectiveness of leaders, management and entrepreneurs); adjunct faculty member at GIBS; supervisor for GIBS MBA Management Consulting; global elective partner for CEO Summit Uganda’s CEO Apprentice Programme; part-time Commissioner on the KwaZulu-Natal Provincial Planning Commission; and a Fellow at the Institute of Directors in South Africa. Has expertise in strategy, corporate governance, leadership development, diversity, equity and inclusion, content creation, small, medium and micro-sized enterprises (SMMEs) and entrepreneurship as well as public speaking.

Dr Kgabo Badimo
Government

Qualifications: Doctor of Philosophy (PhD) in Information Systems from the University of South Africa (UNISA); M.Sc. in data engineering from Keele University in the UK, and B.Sc. Computer Sciences from University of the North at Turfloop (University of Limpopo). Completed Executive Leadership from UNISA School of Business Leadership (SBL). Graduate Studies Programme in Business Administration at Wits Graduate School of Business Administration and SAP Winning Insights Leadership Development Programme at the Gordon Institute of Business Science (GIBS).

Experience: Currently serving in the Board of Airports Company of South Africa (ACSA) as a non-executive director. A seasoned ICT professional and Business Executive with more than 33 years’ experience in the ICT Industry. Has been involved in many industries including public sector, banking, defence, rail, mining, mobile communications, telecommunications and data communications. Held a number of senior executive positions in public and private sector organisations, including being General Manager at Dr Temp, Sales Director at Oracle, Group Chief Business Development Officer at Ansys Ltd, General Manager at Neotel (Pty) Ltd, Divisional CEO at Jasco Limited, Chief Executive Officer at Spescom DataVoice (Pty) Ltd, Business Development Director and General Manager at SAP, Group Executive for Customer Services at MTN (Pty) Ltd; CEO and Executive Manager at SITA (Pty) Ltd and Divisional Manager at Denel Infoplan.