Non-Executive Directors

Craig Chambers
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 currently a senior investment professional at Old Mutual Investment group. In October 2012, Craig was appointed independent non-executive Chairman.
 
Chairperson
Nominations Committee
 
Member
Remuneration Committee
 
Value to the board 
His extensive experience in financial markets and strong financial background enables Craig to not only lead the board in an outstanding manner, but also to provide guidance to members on financial information and aspects to consider especially when acquisitions are being considered.

Craig Chambers

CFA, PDM, BCom
Independent non-executive Chairman
Appointed to the board
3 May 2011

Bongiwe-Ntuli_2019-1
Bongiwe is a Chartered Accountant, an executive director and the Chief Financial Officer (CFO) for the Foschini group. She has previously held various finance, treasury and risk management positions within Anglo American 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 May 2014, Bongiwe was appointed to the board of Atlatsa Resources Corporation as a non-executive director.
 
Chairperson
Audit and Risk Committee
 
Member
Nominations Committee
Remuneration Committee
 
Value to the board
As a Chartered Accountant with years of experience at an executive leadership level, as well as being directly involved in risk and treasury functions, Bongiwe is well-suited to oversee the Audit and Risk Committee. She contributes substantially across all committees due to her experience in large corporates both locally and internationally.

Bongiwe Ntuli

CA(SA), AMP (Harvard)
Independent non-executive director
Appointed to the board
27 May 2008

Oliver Fortuin
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 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 Ellies Holdings 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
Social and Ethics Committee

Member
Audit and Risk Committee

Value to the board
Having a person with close to three decades of experience in the ICT sector is a huge advantage to the board. Oliver gained this experience working in large, global, reputable ICT firms and his deep expertise assists fellow board members to understand nuances of the sector. His African and global expertise are also highly valuable.

Oliver Fortuin

MBA
Lead independent non-executive director
Appointed to the board
8 February 2013

Catherine Koffman
Catherine is a qualified attorney, having obtained her law degree 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. Following this period, Catherine was part of the investment team as the legal counsel investment director for PAIDF, a private equity infrastructure development fund primarily focused on investments in sub-Saharan Africa. Catherine was appointed as the Head of Infrastructure and Telecommunications Project Finance at Nedbank Limited in January 2015. Effective 1 January 2018, Catherine’s responsibilities increased to comanage the Infrastructure, Public Sector and TMT business at Nedbank Corporate and Investment Bank, responsible for determining and executing the growth strategy for the investment bank in this sector. Catherine is also serving as a non-executive director for Food Forward SA.
 
Chairperson
Remuneration Committee
 
Member
Audit and Risk Committee
Nominations Committee
Social and Ethics Committee
 
Value to the board
Catherine’s strong background in law and TMT infrastructure funding across Africa ensures that the group maintains high risk awareness. Catherine approaches board matters in a comprehensive way and is involved across all committees where her sharp mind and attention to detail is appreciated.

Catherine Koffman

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

Zizipho-Nyanga
Zizipho Nyanga has over 14 years’ experience in audit, SMME development, deal making, and financial and risk management in fast-paced organisations. She holds a BCom Accounting from the (former) University of Transkei and a Higher Diploma in Accounting from the University of the Witwatersrand. She completed her articles at EY and later joined various companies such as Kagiso Media, the Industrial Development Corporation and Old Mutual where she was appointed to her current role as CEO of the Masisizane Fund. Zizipho recently completed a Global Executive Development Programme with distinction at the Gordon Institute of Business Science and has recently been recognised as a leading manager by South African Professional Service Awards (SAPSA) and Black Women’s Association of South Africa (BWASA).
 
Member
Audit and Risk Committee
Remuneration Committee
 
Value to the board
Zizipho’s background spans entrepreneurial beginnings to becoming the CEO of Old Mutual’s Masisizane Fund, allowing her passion for entrepreneurial development to continue. Her experience and solid financial and business background, together with extensive knowledge on governance and her fresh perspective is extremely valuable to the board.

Zizipho Nyanga

CA(SA), GEDP
Independent non-executive director
Appointed to the board
27 May 2019

Executive Directors

Sibusiso (Sbu) Shabalala
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 14 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 JSE and has been Chief Executive Officer and Director of Adapt IT Holdings Limited since January 2008.

Sibusiso (Sbu) Shabalala

BCom
Chief Executive Officer
Appointed to the board
5 December 2007

Tiffany Dunsdon

Tiffany is a Chartered Accountant who qualified with Deloitte and is registered in South Africa, Australia and New Zealand. She was involved with several major business re-engineering and IT outsourcing projects as a consultant to British Airways in the United Kingdom where she entered the ICT sector. 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 Officer of Adapt IT Holdings Limited after the merger of InfoWave Holdings and Adapt IT (Pty) Ltd in 2007 and is responsible for acquisitive growth of the group. She is also Managing Director of International operations, and is based in Perth, Australia.

Tiffany Dunsdon

CA(SA)
Chief Commercial Officer
Appointed to the board
18 April 2002

Nombali Mbambo
Nombali was appointed as Chief Financial Officer and Director of Adapt IT Holdings Limited in 2016. She is a Chartered Accountant who completed articles with EY and thereafter joined Alexander Forbes as an accounting specialist. Nombali then joined ABSA Capital, rising from managing a Special Purpose Vehicle for debt capital market backed corporate finance to originating, structuring and executing corporate loans through the loan capital markets. She then moved to strategic roles at Unilever, initially serving as the Risk and Audit Manager for the Africa region, and subsequently as the Finance Business Partner for the Foods Division prior to joining Adapt IT.

Nombali Mbambo

CA (SA)
Chief Financial Officer
Appointed to the board
18 August 2016