Governance structure

Board of directors
Non-executive
directors:
Executive
directors:
Independent non-executive directors:
K B Mosehla
(non-executive chairman)
PA Dunne
(chief executive officer)
R Havenstein (lead independent)
DH Brown
CK Chabedi
HH Hickey
Dr NY Jekwa
JJ Nel
MH Jonas
TE Kgosi
TI Mvusi
JG Smithies
Board committees
Audit and risk committeeHealth, safety and environmental committee (HSE )Investment committee:Nomination committee:Social, ethics and human resources committee (SE&HR)
HH Hickey (chairman)
DH Brown
R Havenstein
TE Kgosi
R Havenstein (chairman)
CK Chabedi
PA Dunne
J G Smithies
DH Brown (Chairman)
CK Chabedi
R Havenstein
KB Mosehla
R Havenstein (chairman)
TE Kgosi
K B Mosehla
TE Kgosi (Chairperson)
CK Chabedi
Dr NY Jekwa
By invitation:
Management
Internal audit
External audit
By invitation:
Management
By invitation:
Management
By invitation:
Management
By invitation:
Management

Directorate and management

KB Mosehla

  • CA (SA)
  • Non-executive chairman
  • Joined the board in August 2015

Mr Mosehla is the chief executive of Mosomo Investment Holdings Proprietary Limited, a director of Zambezi Platinum (RF) Limited (Zambezi Platinum), Malundi Resources (RF) Proprietary Limited and Coal of Africa Limited. In March 2016 he was appointed as Chairman of Tembisa Provincial Tertiary Hospital.

R Havenstein

  • MSc (Chemical Engineering); BCom
  • Lead independent director
  • Joined the board in July 2003

Mr Havenstein serves on the board of Murray and Roberts Holdings Limited and Omnia Holdings Limited. He was previously chief executive officer of Anglo American Platinum Limited, prior to which he was an executive director of Sasol Limited responsible for Sasol Chemical Industries.

PA Dunne (British)

  • BSc (Hons); MBA
  • Chief executive officer
  • Joined the board in March 2014

Prior to joining Northam, Mr Dunne was employed by Impala Platinum Holdings Limited (Implats) as executive director responsible for all mining, concentrating and smelting operations at Implats’ Rustenburg and Marula mines. Mr Dunne is also a director of Zambezi Platinum.

DH Brown

  • BCom; CTA; CA (SA)
  • Independent non-executive director
  • Joined the board in November 2017

Mr Brown is currently the chief executive officer of MC Mining Limited. He was previously the non-executive chairman and executive chairman. He was appointed to the Vodacom Group Board as an independent non-executive director in 2012, where he is chairman of the audit and risk and investment committees and a member of the remuneration committee. Mr Brown also serves as a member of the Accenture South Africa advisory board. He is the former chief financial officer and chief executive officer of Implats and chairman of Impala Platinum Limited and Zimplats Holdings Limited. Prior to Implats, Mr Brown worked for Exxon Mobil Corporation in Europe for five years.

CK Chabedi

  • MSc (Mining Engineering); MDP; Pr. Eng; MSAIMM
  • Independent non-executive director
  • Joined the board in June 2009

Mr Chabedi has 24 years’ mining experience and over 12 years' operational and management experience. He is currently a senior lecturer in the School of Mining Engineering at the University of the Witwatersrand.

HH Hickey

  • CA (SA)
  • Independent non-executive director
  • Joined the board in January 2016

Ms Hickey currently serves as an independent director on the boards of African Dawn Capital Limited, Barloworld Limited, Cashbuild Limited and Pan African Resources Plc. She has 35 years’ experience in auditing, risk management and governance and is a past chair of the South African Institute of Chartered Accountants.

Dr NY Jekwa

  • MBA (Finance); MBBCh (Bachelor of Medicine and Bachelor of Surgery); MIoDSA
  • Independent non-executive director
  • Joined the board in November 2017

Dr Jekwa is a director of Coast2Coast Capital Proprietary Limited. She previously held the position of Principal in Acquisition and Leverage Finance at Nedbank Corporate and Investment Bank for six years. Prior to that Dr Jekwa had been a structured finance dealmaker for several years at Rand Merchant Bank. Before joining the corporate financing business, she held a number of senior positions in the medical field in South Africa and the UK. Dr Jekwa is proactively involved in community upliftment programmes and is a director on the board of Get Me to Graduation (a non-profit organisation that funds the subsistence needs of underprivileged students). She also serves on the Rhodes Scholarship Selection committee.

MH Jonas

  • BA (History and Sociology)
  • Independent non-executive director
  • Joined the board in November 2018

Mr Mcebisi Jonas served as Deputy Finance Minister in the Government of the Republic of South Africa from 2014 to 2017; he was also a member of the National Assembly. Mr Jonas is an independent non-executive director of MTN Group Limited and is one of four independent presidential investment envoys, appointed by President Cyril Ramaphosa to attract investors to South Africa. He is a former chairperson and non-executive director of the Public Investment Corporation.

TE Kgosi

  • BCom (Hons)
  • Independent non-executive director
  • Joined the board in November 2004

Ms Kgosi is the cluster manager, materials management, responsible for Gauteng and North West operating units in supply chain operations, Eskom Group Commercial. She has extensive experience in the banking sector mainly in a treasury operations environment, having held positions at a number of South Africa’s main banking groups as well as Credit Suisse First Boston (NY).

TI Mvusi

  • BA; ELP, MAP and PDP
  • Independent non-executive director
  • Joined the board in January 2016

Mr Mvusi currently holds the position of chief executive: group market development at Sanlam Limited (Sanlam). Mr Mvusi has served on the board of Sanlam since 2009, and holds a number of Sanlam group directorships and is also the chairman of Iemas Financial Services (Co-Operative) Limited. Prior to joining Sanlam, he was the general manager of Gensec Property Services Limited and was a marketing manager at Franklin Asset Management.

JJ Nel

  • CA (SA); CFA (AIMR); AMP (INSEAD)
  • Independent non-executive director
  • Joined the board in November 2018

Mr Jean Nel is a non-executive director of Mimosa Holdings (Pvt) Limited and Mimosa Investments Limited, which entities own and manage the Mimosa Platinum mine in Zimbabwe. Mr Nel has more than 18 years’ experience in mining and mining finance, including having served as the CEO of Aquarius Platinum from 2012 to 2016, at which time he led the successful disposal of Aquarius Platinum to Sibanye Gold Limited (now Sibanye-Stillwater Limited).

JG Smithies (British)

  • BSc (Mining Engineering); BSc (Chemistry)
  • Independent non-executive director
  • Joined the board in January 2017

Mr Smithies spent the majority of his career at Implats, where he held a number of senior management positions including that of director of operations and chief executive officer, before retiring from the company.

Board and committee meetings

The board and its committees meet at least once a quarter; ad hoc meetings may also be called to consider specific issues. The investment committee and the nomination committee meet as and when required, which may be more or less than four times a year. All directors are required to declare their directorships and interests. At each board and committee meeting they are requested to declare any conflict of interest in matters pending.