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 on 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: 2019

Batandwa, a chartered accountant, has more than 17 years’ experience, worked in senior accounting, auditing, and risk management roles at South African state-owned enterprises as well as in the private sector at leading accounting and professional services firm’s operations in South Africa and the Netherlands. She is currently a director at Libana Consulting (Pty) Ltd.

Before that, she has held various key positions such as the Chief Financial Officer of BAIC Automobile Pty Ltd "BAIC SA", a Chinese car maker that has recently built a plant in Coega for 2 years; Chief Financial Officer of African Exploration Mining and Finance Corporation - a state owned mining company established to secure South Africa’s energy supply primarily through the mining and supply of coal for 5 years; and various other roles - including Special Services Group Manager and doing articles at Deloitte’s Cape Town, Johannesburg and Amsterdam offices.

She is a non-executive director at the following companies, Innowind Power Projects - Chaba Pty Ltd, Waainek Wind Power Pty Ltd and Grassridge (Pty) Ltd; Coega Development Corporation; and Steve Biko Academic Hospital.

As part of the oversight role in the boards, she advises in the area of expertise in financial management and corporate finance, auditing, risk management, good corporate governance and business strategy development.

She has previously been an external marker at UNISA for Honours Accounting for 6 years until 2017.


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: 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. She was the head of the FAIS Ombud institution during the last eight years of her employment.

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. 


Appointed: 2021

Mr. Tiya holds a BSc. Civil Eng. (University of Natal, South Africa); an MBA (Nyenrode Business Universiteit, the Netherlands) and a MSc. Financial Management (SOAS, University of London, UK). As part of his senior executive development, he has completed the Advanced Management Programme (The Wharton School, University of Pennsylvania, USA). Mr. Tiya has attended the Harvard Business School’s 2014 Global Energy Seminar, which has helped shape his thinking and understanding of the energy transitions. He is also a certified Project Management Professional (PMP) since 2005, as a testimony to his understanding of the overall requirements for complex project development and project management.

He began his career as an engineer in 1992, working on multidisciplinary projects. Before joining his former employer, Standard Bank Corporate & Investment Banking in 2010, where he was the Head of the Oil & Gas and Public Sectors (South Africa) in the Client Coverage Division, he worked for the CDC from 1999 in a variety of senior and executive roles in strategy, operations and business development.

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