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Curriculum vitae of directors standing for election

Dolly Mokgatle

Ms Dolly Mokgatle is currently an executive director for Peotona Group Holdings Pty Ltd and was previously the chief executive officer of Spoornet. She is currently the chairman of Total South Africa Pty Ltd and has previously chaired the boards of Zurich Insurance Company SA and Electricity Distribution Industry Holdings Company. She was the deputy chairman at NERSA and she serves as a non-executive director of Kumba Iron Ore Company, Bidcorp and has been a non-executive director of several large and listed companies including Wiphold, Thebe Investment Corporation, SASFIN Bank and SASAFIN Holdings. She has acquired experience in various senior executive positions at Eskom between 1991 and 2003.

Company Position Period
Peotona Executive director 2005 – current
Spoornet Chief executive officer 2003 – 2005
Eskom Managing director: transmission 2000 – 2003
Executive director: corporate affairs 1997 – 1999
Executive director: growth & development 1996
Senior general manager: growth & development 1995 – 1996
Acting legal manager 1995
Senior legal advisor, Chief legal advisor 1991 – 1995
Black Lawyers Assosciation Litigation officer 1987 – 1990
Cheadle Thompson And Haysom Professional assistant 1985 – 1987
University of Witswatersrand Article clerk/candidate attorney 1982 – 1984
University of Witswatersrand Student research assistant 1978 – 1979
Major accomplishments

Eskom Distributor Award, Eskom Legal Manager’s Award, Eskom Chairman’s Award, first black female non-technical engineering person to be appointed executive director of a technical group, recipient of the technology for women in business award by Minister of Minerals and Energy Affairs, finalist in the South African Business Woman of the Year Award, Black Business Quarterly Businesswoman of the Year, French National Order of Merit, by Mrs Elisabeth Barbier, Ambassador of France to South Africa.


BProc (1979), University of the North; LLB (1985), University of Witswatersrand; Higher Diploma in Tax Law (1991), University of Witswatersrand.

Sello Moloko

Mr Sello Moloko is the executive chairman and co-founder of Thesele Group, a wholly black-owned diversified investment holding company. Sello has a wealth of business experience gained over more than twenty-five years with an established career in financial services (investment management and employee benefits). He is the independent non-executive chairman of Sibanye-Stillwater Ltd and General Reinsurance Africa. He is the former CEO of Old Mutual Asset Managers and former deputy CEO of Capital Alliance Asset Managers. He has previously served on several boards of listed companies including Alexander Forbes Group Holdings Ltd (as non-executive chairman), Gold Fields Ltd, Makalani Holdings Ltd, Acucap Properties Ltd and Sycom Property Fund.

Company Position Period
Thesele Group Co-founder and
executive chairman
2004 – current
Alexander Forbes
Equity Holdings
Executive chairman 2007 – 2013
Old Mutual Asset
CEO, executive director,
portfolio manager
1999 – 2004
Brait Asset
Investment analyst/
portfolio managers/
deputy CEO
1996 – 1999
Alexander Forbes,
Southern Life and
Old Mutual
Actuarial consultant,
actuarial technician
1989 – 1995
Sekano Ntoane
High School
Educator (mathematics) 1983 – 1983
Major accomplishments

Third World Scholarship recipient from the University of Leicester, EOC and BP Southern Africa scholarship from the University of Cape Town.


Advanced Management Program, (2003), The Wharton School, University of Pennsylvania; Post Graduate Certificate in Education (1989), University Of Leicester; Bsc with Honours (1988), University Of Leicester.

Sibusiso Luthuli

Mr Sibusiso Luthuli, a qualified chartered accountant, is the former chief executive and principal officer of the Eskom Pension and Provident Fund, a position he held for eight years, during which time he transformed the fund to be more member-centric and efficient, by replacing all archaic IT systems with more modern and automated systems. During his tenure at the fund, assets under management grew from R56 billion to more than R140 billion making the fund one of the largest by asset size in South Africa. He is one of the founding members and Deputy Chairman of Batseta, an organisation for pension fund fiduciaries. Sibusiso was previously a non-executive director of Telkom and has previously served as CEO of Ithala Bank Ltd, director of Cerebos Salt Ltd and chairman of Cipla Medpro Pharmaceuticals Ltd.

Currently he serves as a BCX non-executive director and chairman of the finance, risk and compliance committee and deputy chairman of Batseta.

Company Position Period
Eskom Pension and
Provident Fund
Chief executive
and principal
2010 – 2018
Ithala Bank Ltd CEO
Finance director
2004 – 2009
BOE Corporate and Nedbank Manager 2000 – 2003
Cipla Chairman 2003 – 2013
Major accomplishments

One of the founding members of Batseta, a pension funds industry organisation. Successful negotiation and conclusion of major transactions (in excess of R10 billion in value) to maximise shareholder value (disposal of Pareto and disposal of Cipla).


BCom (ACC), (1995), University of Zululand; Dip(ACC), (1996), University of Durban Westville; CA(SA), 2000