National Treasury Seeks Nominations for Board Positions at PIC, Sasria, and Land Bank

National Treasury has announced an open call for nominations for candidates to serve on the boards of directors of the Public Investment Corporation (PIC), Sasria SOC Limited, and the Land and Agricultural Development Bank (Land Bank). This initiative aims to enhance governance and representation in these key financial institutions.

Qualifications and Experience Requirements:

Public Investment Corporation SOC Limited:Candidates should possess expertise in areas such as:

Leadership and strategy

Governance and law

Actuarial science and economics

Investment and asset management

Corporate and project finance

Human resources, auditing, and accounting

Risk management and finance

Information and communications technology

Public administration and social sciences

Sasria SOC Limited:Required qualifications include:

Actuarial science and investments

Insurance and reinsurance

Leadership and strategy

Governance and information technology

Law, accounting, auditing, and risk management

Finance and human resources

Land and Agricultural Development Bank:Candidates should have experience in:

Leadership and strategy

Governance and law

Accounting, auditing, and risk management

Finance and human resources

Information technology and asset liability management

Corporate law and treasury management

Agricultural economics and research

Rural development and development finance

Credit risk modeling, banking, and financial markets

Appointment Conditions:All appointments will be subject to verification of qualifications and relevant background checks, with candidates required to obtain the necessary security clearance. Furthermore, preference will be given to nominations that enhance representativity within the boards. The Minister of Finance will determine the remuneration, allowances, and benefits for the chairperson and board members.

Submission Requirements:

Nominations must include the following:

Nomination Details: Full names, addresses, and contact numbers of the person or organization making the nomination.

Nominee Acceptance: A written and signed acceptance from the nominee, including a certification that they are not disqualified from serving as a director under the Companies Act, 2008, and for the Land Bank nomination, that they meet the qualifications specified in Section 10 of the Land Bank Act, 2002.

Curriculum Vitae: Detailed CV of the nominee, including:

Full name, identity number, and gender

Physical address, contact numbers, and email

Previous experience with dates and organizations

Academic qualifications and non-executive director experience on other boards

Identification and Qualifications: Certified copies of the nominee's identity document and academic qualifications.

Additional Information: Any other relevant information that may assist National Treasury in making recommendations.

Deadline and Contact Information:

All nominations must be submitted to National_Treasury_Boards@zatreasury.onmicrosoft.com no later than October 14, 2024. For any inquiries, please contact Languta Manganye at 078 782 9421.

This is an excellent opportunity for qualified individuals to contribute to the governance of important financial institutions in South Africa, ensuring effective management and strategic direction for future growth.