IRBA Newsletter Issue 54

Issue 54 | April-June 2021 24 GENERAL NEWS IRBA GETS A NEW BOARD The Minister of Finance, Tito Mboweni, has appointed a new IRBA Board for a three-year term, following an intense nomination process overseen by the Caretaker Board comprised of Nonkululeko Gobodo and Major-General Roy Andersen. The new Board is led by Fulvio Tonelli, as Chairman; and Naidene Ford-Hoon, as Deputy Chair. As outlined by the Minister, the Board’s immediate task will be to initiate a process to recruit and appoint a new CEO. Fulvio Tonelli, CA (SA) A former RA with more than 10 years’ auditing experience, he has spent his whole career in the auditing profession and was an audit partner at the large firms from 1992. His experience includes being the audit partner on the audits of many listed entities, such as the South African Breweries, the Standard Bank Group and the FirstRand Group. He recently retired from PwC and is currently serving as a nonexecutive director of the Absa Group. Naidene Ford-Hoon, CA (SA) She is currently an independent consultant and was also part of the Department of Justice’s Commission of Inquiry into the Public Investment Corporation. Her previous roles include having been the Head of Advisory Services at FirstRand Ltd and Chief Financial Officer at Alexander Forbes Group Holdings Ltd and the South African Reserve Bank (SARB). She is currently serving on the boards of SA Corporate Real Estate (JSE-listed REIT) and the Knysna Initiative for Learning and Teaching, a non-governmental organisation. Ruth Benjamin-Swales, CA (SA) A former RA with more than 10 years’ auditing experience, she is the CEO of the Association for Savings and Investments South Africa Foundation. She was previously an audit partner at EY, KMMT Brey Inc. and Gobodo Inc., where she audited various large clients. She has extensive board experience and currently serves on the boards of Equites Limited, the Cape Peninsula University of Technology Investment Committee and the George Whitefield Theological Training College. Thabiso Kutumela, Admitted Attorney of the High Court As a member of the Legal Practice Council (LPC), she has qualifications that include a Bachelor of Law, a Bachelor of Commerce and a Master of Law. She is currently employed as a director at Shekinah Consulting Ltd and has more than 10 years of legal experience. She also previously held senior legal positions at AECI Ltd, Norton Rose Fulbright South Africa and Hogan Lovells (formerly Routledge Modise). She is part of the Appeals Board of the South African Institute for Drug- Free Sport, the Gauteng Gambling Board and also chairs the NHBRC Disciplinary Committee. Nalini Maharaj, Admitted Attorney of the High Court A member of the LPC and a lecturer at the University of Witwatersrand, her qualifications include a BProc and an LLB. She is the CEO of her own company, known as N Maharaj Attorneys/Ishana Incorporated; and has served in many legal and company secretary roles for public sector institutions. She serves on the boards of the South Rand Hospital and Goldfields TVET College, in addition to being an examiner and moderator for the LPC. She also has been part of the Appeals Council for the South African Nursing Council. Protas Phili, CA (SA) The co-founder and Managing Director at Khwezela Investment Group (Pty) Ltd, he has a wealth of public sector experience that includes having served in senior positions at Sentech Ltd, the South African Revenue Service and the Department of Public Enterprises, among others. He is currently serving on the boards of Resilient REIT Ltd, Rand Water, the Financial Intelligence Centre and the National Nuclear Regulator. Zine Mshengu, CA (SA) Currently employed at the SARB as the Divisional Head: Industry Technical Support, she has auditing and banking experience. She was previously the Head of Advisory Services at FirstRand. She is a member of the IRBA’s Committee for Auditing Standards, with intricate knowledge of the profession, and has served on international commissions in her role at the SARB. Eugene Zungu, CA (SA) With qualifications that include an Advanced Diploma in Banking Law, he is the owner and Executive Chairman of the Kimi Makwetu School of Governance. His auditing experience includes having been a partner at Deloitte and holding various positions at the Auditor-General of South Africa, including that of National Leader: Audit Services. He is an independent non- executive director of Zungu Investments Company. Chuma Mjali, CA (SA), Chartered Global Management Accountant She is the Deputy Head of Department and lecturer at the University of Fort Hare, while she previously lectured at the universities of the Western Cape and Cape Town. Her local and international experience includes having served as an executive committee member of the South African Chamber of Commerce UK and the South African Institute of Chartered Accountants’ (SAICA) Initial Professional Development Committee, where she was also involved as an exam setter and marker for CAs (SA). Richard Hawkins, CA (SA) A seasoned business executive with many years of listed company experience, he is currently an independent consultant to EcoHotels. He previously was a director at Minor Hotels South Africa, Sun International Ltd and Dorbyl Ltd. He is part of the SAICA mentorship programme being rolled out for young newly qualified CAs, and has held various directorships as an executive member for Sun International subsidiaries. We look forward to reporting to and working with the new Board, as we embark on a journey to restore confidence and trust in the IRBA and the auditing profession through our refocused strategy.