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Who we are, and what we do.

Board of Directors

MMI is committed to the highest standards of corporate governance as evidenced by its ongoing efforts to comply with the principles of King III, including the composition of its board. Board deliberations are enriched by the diversity of skills and experience of its members.


Executive Directors


Nicolaas Kruger
Nicolaas Kruger
Group chief executive officer
Executive director
Academic qualifications:
BCom, FFA, FASSA, AMP (Oxford)
LinkedIn
Experience:

Nicolaas Kruger started his career at Momentum as an actuarial assistant in July 1991. He was appointed as chief actuary of Momentum in 1997 and held this statutory role for 10 years up to the beginning of 2007. He was divisional chief executive officer of the employee benefits and health business in 2005 and 2006. He became chief financial officer of Momentum Group in 2007 and was appointed chief executive officer of Momentum Group in January 2009. In December 2010, he was appointed group chief executive officer of MMI Holdings following the merger between Metropolitan and Momentum. His other directorships include Association for Savings and Investment South Africa (ASISA), MMI Group Ltd and various other subsidiary companies within the MMI Holdings group.

Appointed to board: 2010

Mary Vilakazi
Group finance director
Executive director
Academic qualifications:
BCom (Hons), HDip Auditing, CA(SA)
LinkedIn
Experience:

Mary is a chartered accountant with a wealth of experience in financial services. Prior to this; she was the Chief Financial Officer of the Mineral Services Group and subsequently became an independent consultant and a director of several companies, including the Development Bank of South Africa and Kagiso Media Limited. She is a former partner at PriceWaterhouseCoopers, where she specialised in the audit of financial services companies such as Metropolitan.

Appointed to board: 2015


Non-executive Directors


Johnson ("JJ") Njeke
Johnson ("JJ") Njeke
Chairman
Non-executive, independent
Academic qualifications:
BCom, BCompt (Hons), CA(SA), HDip Tax
Experience:

JJ Njeke, a chartered accountant, spent six years as audit partner at PricewaterhouseCoopers prior to his appointment as managing director of Kagiso Trust Investments on 1 June 1994. He remained in this position, serving on various boards in the Kagiso group, until his resignation on 30 June 2010. He is presently the executive chairman of Silver Unicorn Trading 33 (Pty) Ltd. He serves on the boards of Adcorp Holdings Ltd, Resilient Property Income Fund Ltd, MTN Group Ltd, Sasol Ltd and the Council of the University of Johannesburg.

Appointed to board: 2010

Louis von Zeuner
Deputy Chairman
Non-executive, independent
Academic qualifications:
BEcon
LinkedIn
Experience:

Louis von Zeuner completed 32 years’ service at Absa and served as deputy group chief executive officer from 2009 until 31 December 2012. He has extensive business experience, including experience in audit, risk and capital matters, particularly in the financial sector. He currently serves on the boards of Telkom, Edcon, Eqstra, Afgri, Cricket South Africa and Afrikaanse Handelsinstituut.

Appointed to board: 2014

Fatima Jakoet
Non-executive director
independent
Academic qualifications:
BCom (Acc), certificate in the theory of accounting, CA(SA)
Experience:

Fatima Jakoet currently conducts her own business consulting practice. She has extensive corporate experience and has served on many listed boards since 1994. She previously served on the Metropolitan board (May 1996 to November 2001). She is currently a director of the MTN Group (West and Central Africa Region), Clicks Group Ltd, Tongaat Hulett Ltd, Afrisam (SA) (Pty) Ltd and Rand Refinery Ltd.

Appointed to board: 2010

Prof Stephen Jurisich
Prof. Stephen Jurisich
Non-executive director
Independent
Academic qualifications:
BSc (Hons) Actuarial Science, FASSA, FFA
LinkedIn
Experience:

Prof. Jurisich is a Professor and Director of Actuarial Studies at the University of Witwatersrand. He is currently serving as a non-executive director on the Board of MMI Group Limited and is the Chairman of the MMI Actuarial Committee. He is a Fellow of the Faculty of Actuaries in Edinburgh and Fellow of the Actuarial Society of SA. He has a wealth of actuarial experience, including previously being a director and consulting actuary at Quindiem Consulting, an executive committee member at Swiss Re Life Health as well as being a member of various industry and actuarial professional bodies.

Appointed to board: 2016

Niel Krige
Non-executive director
independent
Academic qualifications:
MCom; FIA (London); AMP (Harvard)
Experience:

Prof Niel Krige has 30 years' experience in the life insurance and asset management industries. He was managing director of Momentum Life from 1988 to 1994, deputy chairman of the Momentum Group from 1995 to 2003 and chairman of the Life Offices Association from 2001 to 2002. His current positions include: professor, University of Stellenbosch; programme director, post-graduate diploma in financial planning, University of Stellenbosch; director, Momentum Investments; chairman, Board of Trustees Denel Retirement Fund; member of international advisory board of Brandes Institute, San Diego, USA.

Appointed to board: 2011

Jabu Moleketi
Non-executive director
independent
Academic qualifications:
AMP (Harvard), MSc in financial economics (University of London), post-graduate diploma in economic principles (University of London)
Experience:

Jabu Moleketi was the deputy minister of finance (2004 to 2008) and a founding member of BlueIQ, which included the Gautrain project. In 2004, he was appointed chairman of the Public Investment Corporation and served for four years. He was the alternate governor of the IMF, representing South Africa from 2004 to 2008, as well as the former chairman of the finance and procurement board committee of the 2010 FIFA World Cup local organising committee. He is currently a non-executive chairman of Harith Fund Managers (Pty) Ltd, Brait SE Ltd and the Development Bank of Southern Africa (DBSA). He is also a director of several JSE-listed companies.

Appointed to board: 2010

Syd Muller
Non-executive director
independent
Academic qualifications:
BCom (Hons), CA(SA), MBA, AMP (Harvard)
Experience:

Syd Muller was formerly the chairman of Woolworths Holdings and a director of other companies in the Wooltru group. He is chairman of Holdsport Ltd and the sub-Saharan African review board of Air Liquide SA. He is active on the boards of a number of private companies.

Appointed to board: 2010

Vuyisa Nkonyeni
Non-executive director
non-independent
Academic qualifications:
BSc (Hons); CA(SA)
LinkedIn
Experience:

Vuyisa Nkonyeni has more than 15 years’ experience in investment banking and private equity. He is a chartered accountant, having served his training contract with PricewaterhouseCoopers. Upon leaving PricewaterhouseCoopers, he joined Deutsche Bank in 1997, where he gained investment banking experience primarily in corporate and project finance advisory work over a four-year period. Previously, he has also served as the financial director of Worldwide African Investment Holdings (Pty) Ltd and as director at Actis LLP in their black economic empowerment funding unit. He was appointed as chief executive officer of Kagiso Tiso Holdings in January 2012. He also serves on the boards of Emira Property Fund and Idwala Industrial Holdings (Pty) Ltd.

Appointed to board: 2011

Khehla Shubane
Non-executive director
independent
Academic qualifications:
BA (Hons), MBA
Experience:

Khehla Shubane is currently an independent policy analyst and consultant. He was employed at the BusinessMap Foundation, a monitoring and research organisation focusing on black economic empowerment. He has also worked for the Nelson Mandela Foundation as chief executive officer. He was a member of the Soweto Civic Association, a body that represented the local community in opposition to the then official local government institutions. He is currently a director of RMB Holdings Ltd, RMI Holdings Ltd, The Johannesburg Roads Agency (Pty) Ltd and Nurcha (NPC).

Appointed to board: 2010

Frans Truter
Non-executive director
independent
Academic qualifications:
BCom (Hons), CA(SA), AMP (Oxford)
LinkedIn
Experience:

Frans Truter was an associate director at Deloitte and worked at the South African Reserve Bank. He joined Momentum in 1988 as chief financial officer and over the years he has been involved with the transactions to acquire Lifegro, Southern Life, Sage, and Sovereign Health. He also served as executive director of strategic investments at Momentum. He resigned as a Momentum Group executive in 2007. He is currently involved in certain private equity investments and serves as a non-executive director on the boards of a number of companies.

Appointed to board: 2010

Benedict van der Ross
Non-executive director
independent
Academic qualifications:
Dip Law (UCT)
Experience:

Ben van der Ross was admitted to the Cape Side Bar as an attorney and conveyancer, and had a private practice for 16 years. He was an executive director with the Urban Foundation for five years up to 1990 and thereafter of the Independent Development Trust, where he was deputy chief executive officer from 1995 to 1998. He acted as chief executive officer of the South African Rail Commuter Corporation from 2001 to 2003 and as chief executive officer of Business South Africa from 2003 to 2004. He served on the board of The Southern Life Association from 1986 until the formation of the FirstRand Group in 1998. He is currently a director of FirstRand Ltd, Strategic Real Estate Management (Pty) Ltd, Distell Group Ltd, Lewis Group Ltd, Naspers Ltd and Pick n Pay Stores Ltd.

Appointed to board: 2010

Johan van Reenen
Non-executive director
independent
Academic qualifications:
BSc (Hons), MBA
Experience:

Johan van Reenen is currently an executive director of Imalivest. He has a wealth of expertise and experience in investment banking and asset management, both locally and internationally.

Appointed to board: 2010

Peter Cooper
Non-executive director
non-independent
Academic qualifications:
B Com (Hons) (UCT) and an H Dip Tax Law (Wits)
Experience:

Mr Cooper, a qualified Chartered Accountant, previously served as the Chief Executive Officer and Financial Director of RMB Holdings Limited RMH) and, subsequently, Rand Merchant Insurance Holdings Ltd (RMI), until 2014. He is currently a non-executive director of RMH, RMI, RMB Structured Insurance, OUTsurance and Imperial Holdings, and an alternate director of Firstrand.

Appointed to board: 2015

Alternate to Peter Cooper

Voyt Krzychylkiewicz
Voyt Krzychylkiewicz
Non-executive director
non-independent
Academic qualifications:
B Com (Hons) Accounting, CA(SA), CFA Charterholder
LinkedIn
Experience:

Mr Krzychylkiewicz is an investment professional who has worked in various strategy and research positions. He is now part of the executive team of the JSE listed RMI and RMB Holdings, the holding companies of many of Africa's leading financial services companies (including FirstRand, Discovery, OUTsurance, MMI Holdings) and currently sits on the boards of a number of companies covering asset management, property and lending businesses.

Appointed to board: 2016

Maliga Chetty
Group company secretary
Academic qualifications:
BA, BProc, LLM, CIS
LinkedIn
Experience:

Maliga Chetty is the MMI group company secretary. She has been an admitted attorney and conveyancer for over 12 years. She has extensive legal and company secretarial experience in the health and financial services sectors. Prior to joining Momentum she was employed by the South African Medical Association and Ernst & Young. She has been an employee of the MMI Group as a company secretary since 2010, and filled the role of group company secretary from September 2013.

Appointed to board: 2013

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