Directorate 2016

From left to right: Sbu Shabalala, Tiffany Dunsdon, Nombali Mbambo, Craig Chambers, Bongiwe Ntuli, Catherine Koffman and Oliver Fortuin.

Craig Chambers

Independent non-executive Chairman
Appointed to the Board 3 May 2011

Craig is a certified Chartered Financial Analyst, having obtained a BCom degree majoring in accounting from the University of the Witwatersrand and a postgraduate Business Administration Certificate (PDM) from Wits Business School. Craig has been an asset manager for 21 years, with five years at Standard Corporate and Merchant Bank (SCMB) Asset Management as a small cap Unit Trust Manager. Craig is a certified director via the Institute of Directors (IoDSA) and is currently head of global new business at Old Mutual Investment group. In October 2012, Craig was appointed independent non- executive Chairman.

Chairperson of the Nominations Committee
Member of the Remuneration Committee

Bongiwe Ntuli

Independent non-executive director
Appointed to the Board 27 May 2008

Bongiwe is a Chartered Accountant with international commercial and management experience and has attended various management programmes in the United Kingdom and Canada. Bongiwe has previously held various finance, treasury and risk management positions within Anglo American at their head office and in subsidiaries in South Africa, Europe, Canada and the United Kingdom. Bongiwe joined Grindrod on her return to South Africa in 2008 as the Chief Financial Officer of Grindrod Freight Services. In November 2012, Grindrod appointed Bongiwe to the group executive committee in the position of Executive: Corporate Services. Bongiwe was then promoted to CEO: Ports, terminals and rail business effective September 2014 and in August 2015 was appointed Executive Director of Grindrod Limited and an executive director to Grindrod ‘s local and international subsidiaries, and Grindrod Bank Limited. In May 2014, Bongiwe was appointed to the Board of Atlatsa Resources Corporation as a non-executive director, and in January 2017, Bongiwe was appointed CEO: Grindrod Freight Services.

Chairperson of the Audit and Risk Committee
Member of the Nominations Committee
Member of the Remuneration Committee

Catherine Koffman

BA, LLB, LLM, Admitted Attorney
Independent non-executive director
Appointed to the Board 9 February 2015

Catherine is a qualified attorney, having obtained a primary law degree, and Masters in Law at the University of the Witwatersrand. Catherine has 22 years’ experience in the legal, commercial and financial services sectors. She joined Arthur Andersen (later KPMG) in 1999 as a tax lawyer and in 2004 Catherine joined Nedbank Capital as Internal Legal Counsel supporting the Infrastructure Project Finance team in evaluating and structuring limited recourse transactions. In 2009, she joined Hadith General Partners, a sub-Saharan African private equity infrastructure developer and portfolio manager, as the Investment Director: Legal. In January 2015, Catherine was appointed as the Head of Infrastructure and Telecommunications Project Finance at Nedbank Limited. Effective January 1, 2018, Catherine's responsibilities increased to co-manage the Infrastructure, Public Sector and TMT business at Nedbank Corporate and Investment bank.

Chairperson of the Remuneration Committee
Member of the Audit and Risk Committee
Member of the Nominations Committee
Member of the Social and Ethics Committee

Oliver Fortuin

Independent non-executive director
Appointed to the Board 8 February 2013

Oliver has in excess of 27 years’ experience in the technology industry, having held various leadership positions in the ICT sector. Having been with the IBM Corporation for over 17 years, Oliver has held various executive positions including General Manager of the IBM PC business for Africa as well as General Manager of IBM South Africa and sub-Saharan Africa. Oliver was a Hewlett Packard South Africa Director for HP Services, and headed HP’s Technology Services group (TSG) and also served as Managing Director of Hewlett Packard South Africa. Oliver is the former Managing Director of i1 Solutions (a privately- owned technology company) and has been director and Lead Independent non-executive director for the Ellis Holdings group since April 2011. In May 2014, Oliver was appointed Managing Director of British Telecommunications sub- Saharan Africa (BT). In February 2017, Oliver left BT to join MTN, where he assumed the position of Executive Head of Business Enterprise, effective 1 March 2017.

Chairperson of the Social and Ethics Committee
Member of the Audit and Risk Committee

Sibusiso (Sbu) Shabalala

Chief Executive Officer
Appointed to the Board 5 December 2007

Sbu attained a Bachelor of Commerce degree and a postgraduate diploma in Financial Information Systems. With over 23 years IT experience, Sbu joined the group where he gained project management expertise in the implementation of Oracle applications throughout the Illovo group, with operations in various African countries. He founded Adapt IT 15 years ago as a black-owned SME in the IT sector. As Managing Director, Sbu grew Adapt IT (Pty) Ltd into a successful ICT business. Through a merger with InfoWave Holdings in 2007, Sbu effected the listing of Adapt IT onto the Johannesburg Stock Exchange (JSE) and has been Chief Executive Officer and Director of Adapt IT Holdings Limited since January 2008.

Tiffany Dunsdon

Commercial Director
Appointed to the Board 18 April 2002

Tiffany is a Chartered Accountant who qualified with Deloitte. She joined British Airways in the United Kingdom where she was involved with several major business re-engineering and IT outsourcing projects. On her return to South Africa, Tiffany was contracted by Computer Sciences Corporation on the due diligence of outsourcing Old Mutual’s IT infrastructure services. Tiffany joined InfoWave Holdings in 2000 in a consulting capacity and was appointed as Financial Director in April 2002 and Chief Executive Officer in December 2003. Tiffany became the Commercial Director of Adapt IT Holdings Limited after the merger of InfoWave Holdings and Adapt IT (Pty) Ltd and is primarily responsible for acquisitive growth. Tiffany was Financial Director of Adapt IT Holdings Limited from April 2013 until August 2016, when she reverted to being Commercial Director for the group and Managing Director of International operations.

Nombali Mbambo

Chief Financial Officer
Appointed to the Board 18 August 2016

Nombali is a qualified Chartered Accountant who completed her articles with Ernst & Young. She joined Alexander Forbes in the role of accounting specialist and thereafter joined ABSA Capital, managing a Special Purpose Vehicle (SPV) created for raising corporate finance in the debt capital market. She later moved to loan capital markets responsible for originating, structuring and executing corporate loan facilities. Nombali joined Unilever in 2013 in the role of Africa Risk and Audit manager and subsequently moved to the Foods division as Finance Business Partner involving strategic decisions and tracking of overall financial performance where she remained until her appointment to Adapt IT. In March 2016, Nombali was appointed CFO elect at Adapt IT and following a six-month induction and handover period was appointed CFO. Her responsibilities include contributing to the strategic direction of Adapt IT, accountability for the group’s finance function, involvement in mergers and acquisitions, funding and capital structuring and investor relations.