Governance structure

Board of directors
Non-executive
directors:
Executive
directors:
Independent non-executive directors:
PL Zim
(non-executive chairman)
K B Mosehla
PA Dunne
(chief executive officer)
AZ Khumalo
(chief financial officer)
R Havenstein (lead independent)
CK Chabedi
HH Hickey
TE Kgosi
TI Mvusi
JG Smithies
Board committees
Audit and risk committee Health, safety and environmental committee (HSE ) Investment committee: Nomination committee: Social, ethics and human resources committee (SE&HR)
HH Hickey (chairman)
R Havenstein
TE Kgosi
R Havenstein (chairman)
CK Chabedi
PA Dunne
R Havenstein (chairman)
CK Chabedi
KB Mosehla
R Havenstein (chairman)
TE Kgosi
PL Zim
TE Kgosi (Chairperson)
CK Chabedi
KB Mosehla
By invitation:
Management
Internal audit
External audit
By invitation:
Management
By invitation:
Management
By invitation:
Management
By invitation:
Management

Directorate and management

PL Zim

  • BCom (Hons); MCom
  • Non-executive chairman
  • Joined the board in 2007

Mr Zim is the chairman of Zambezi Platinum, and a director of Atisa Platinum (RF) Proprietary Limited, Sanlam Limited and Sanlam Life Insurance Limited. He is also a past president of the Chamber of Mines of South Africa. Previously chairman of Telkom SA SOC Limited, he has also held senior executive positions at Anglo American South Africa Limited, M-Net Supersport and MTN Group Limited. He was voted African Business Leader of the Year in 2005 and is an Honorary Colonel in the South African Army.

R Havenstein

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

AZ Khumalo

  • BCompt (Hons); CA (SA)
  • Chief financial officer
  • Joined the board in 2010

Mr Khumalo, a chartered accountant by profession, has extensive mining and corporate finance experience. From September 2008 he was the group finance executive of Coal of Africa Limited. Prior to that, from 2004 to 2008, he was director: finance of Aquarius Platinum (South Africa) Proprietary Limited. Mr Khumalo is also a director of Zambezi Platinum.

CK Chabedi

  • MSc (Mining Engineering); MDP
  • Independent non-executive director
  • Joined the board in 2009

Mr Chabedi has more than 20 years’ mining experience having worked for Anglo American for 12 years in both their underground and surface mining operations. He is currently a senior lecturer in the School of Mining Engineering at the University of the Witwatersrand.

HH Hickey

  • B Compt (Hons); CA (SA)
  • Independent non-executive director
  • Joined the board in 2016

Ms Hickey currently serves as an independent director on the boards of African Dawn Capital Limited, Cashbuild Limited, Omnia Holdings 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.

TE Kgosi

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

Ms Kgosi is the cluster manager 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).

KB Mosehla

  • BCompt; CA (SA)
  • Non-executive director
  • Joined the board in 2015

Mr Mosehla is the chief executive of Mosomo Investment Holdings Proprietary Limited, a director of 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.

TI Mvusi

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

JG Smithies (British)

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

Mr Smithies spent the majority of his career at Impala Platinum Holdings Limited, 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.