Coega Development Corporation
Coega Special Economic Zone
Coega Services
Audit and Risk Committee

In order to ensure independent oversight of the organisation’s response to material issues via financial controls and risk management, the membership of the ARC is weighted towards independent, external members.


Appointed: 2002 (ARC Member); 2010 (ARC Chairperson)

Ayanda Mjekula, is a member of the Institute of Directors of S.A. He currently holds positions in various boards, including Safika Holdings. He has held board positions at CEF SOC, UBank Limited and the World Petroleum Congress. He is also currently the chairperson of the National Arts Festival - Grahamstown and Deputy Chairperson of the council of the University of Fort Hare.

Mjekula has extensive banking experience, having held executive management positions at Nedbank and Standard Bank, over a period of twenty-four years. He was the first black person to be appointed in an executive management position in any bank in South Africa. In 1989, he was honoured with the Black Management Forum/ Kellogs’s manager of the year award, in recognition of his managerial achievements.

As Chief Executive of the South Africa Supplier Development Agency, Mjekula gained extensive experience in enterprise and supplier development. He has played a major role in the energy sector, particularly in the liquid fuels industry. He holds a BA Degree in English from the University of Fort Hare and an MBA in Financial Accounting from Western Michigan University.


Appointed: 2010

A Chartered Accountant (CA(SA)) with extensive board and audit committee experience, Nomfundo Qangule currently serves on a number of Boards and Audit Committees including Afrox Ltd, Nozala Investments, Hans Merensky Holdings and Rebosis Ltd, to name a few.

Qangule was previously the CFO of Harmony Gold Ltd and served on various other boards including Afrocentric Health Ltd. She has a strong banking background and worked for Nedbank Corporate and its International division.

Appointed: 2007

Jan de Bruyn was Chair of the Manufacturing Development Board of the dti since inception in 1993 until it closed down in 2017.

De Bruyn has served on, and in many cases chaired, the boards of leading South African corporates, including Algorax, Gencor, Hulett Aluminium and Saldanha Steel, as well as the Small Business Development Corporation (now Business Partners), the Council of the Technikon Witwatersrand (now part of the University of Johannesburg and the executive of the Afrikaans Handelsinstituut (AHI). He is also a trustee of the Asbesrus Relief Trust.


Appointed: 2010

Temba Zakuza is an audit partner at Nkonki Inc. Chartered Accountants and has extensive experience in public sector governance. He was previously the head of the Department of Accounting at the University of Fort Hare; IRBA Board member and chaired the education, training and professional development committee of the Independent Regulatory Board for Auditors (IRBA).

Zakuza chaired the audit and risk committees of the South African Local Government Association (SALGA), and Centlec and currently, Walter Sisulu University and Mbizana Local Municipality.

Zakuza has a BCom Degree from the University of Limpopo and Postgraduate Accounting Diplomas from UCT. He qualified as a Chartered Accountant (CA (SA)) in 1999 and as a Certified Internal Auditor in 2000.

Appointed: 2019

Noluntu Bam has 15 years’ experience in financial services regulation and was part of a leadership cohort at the FAIS Ombud that resolved disputes between members of the public and final services providers. For the last eight years of her employment she served as the Head of Institution.

Her role demanded an in-depth understanding of the way government works, deep understanding of government policy, policy formulation, government programmes and enhanced appreciation of the interconnectedness of the various limbs of government and how these should co-operate with one another.

Bam has a MBA from Wits Business School and a Post Graduate Diploma in Financial Planning Law from the University of the Free State. She also holds a LLM (with specialisation in Income Tax Law) from UNISA, LLB from the University of KwaZulu Natal and B.Proc from Walter Sisulu University.

Bam is a professionally registered member of the Financial Planning Institute South Africa and an Admitted Attorney of the High Court of South Africa since 1998.


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