Geoffrey Qhena (56)

Board chairperson and independent non-executive director Director and chairperson designate since 19 April 2021 and board chairperson from 27 May 2021
Nomination committee chairperson and remuneration committee member
Senior executive programme (jointly offered by Harvard Business School and Wits Business School), advanced taxation certificate (Unisa), CA(SA), BAccSc (Hons) BCompt (Unisa), BAccSc BCompt (Hons)(Unisa)

Skills and experience

Geoffrey's early career started at KPMG, where he completed his articles, and thereafter joined Eskom for a brief period in its treasury function. He moved to Vista University (now known as University of Johannesburg) to lecture accounting and auditing. During this time Geoffrey also passed his CA board exams. He briefly joined the IDC and thereafter moved to Transnet. Subsequently, he rejoined the IDC at a time when the organisational culture had improved and was more inclusive and conducive for the growth of black professionals. Geoffrey enjoyed a meteoric rise at the IDC and later became the chief financial officer of the organisation. It was not long after this period that Geoffrey ascended to the highest role in the IDC as its CEO. He especially enjoyed oversight of the development of the renewable energy sector at a time when it was not profitable to fund the sector. Geoffrey was involved in the establishment of numerous sectorchanging initiatives, funding black empowerment companies, transformation of the corporate leadership landscape and the development of new sectors in reshaping the South African economy. His appreciation of climate change issues and the value of coal in the South African and African economic landscape is telling of his depth of business acumen. Geoffrey gained extensive board leadership on the IDC investee boards, including as a non-executive director of a Spanish-listed stainless steel company, Acerinox. He is presently a non-executive independent board member of Investec Bank Limited. With the IDC being a significant shareholder of Exxaro over a number of years, Geoffrey brings with him a clear understanding of the company and the sector in which it operates.

Geraldine Fraser-Moleketi (61)

Lead independent non-executive director SERC chairperson and remuneration and nomination committee member
Director since 18 May 2018
DPhil honoris causa (North West University), DPhil honoris causa (Nelson Mandela University), MPA (University of Pretoria)* cum laude, Leadership Programme (Wharton), Digital Savvy Board Member Certificate (MIT Sloan School of Management), Fellow of the Institute of Politics (Harvard)

Skills and experience

Geraldine was appointed special envoy on gender at the African Development Bank from 2013 to 2016. She served as director of the UN Development Programme Democratic Governance Group from 2009 to 2013. She also served as a member of the South African Parliament for three consecutive parliaments (1994 to 2008) and served in the Executive and Cabinet during this period. Geraldine served as a member of the Constituent Assembly from 1994 to 1996. She was Minister of Public Service and Administration for two consecutive terms (1999 to 2008). Geraldine served as Minister of Welfare and Population Development (1996 to 1999) after her term as Deputy Minister of Welfare and Population Development. During her tenure as Minister of Public Service, she was chairperson of the Pan African Ministers of Public Service for three consecutive terms. Geraldine serves on various boards across academia: she is the chancellor of Nelson Mandela University, chair of the Thabo Mbeki Foundation, outgoing chairperson of the Advisory Council of the Mapungubwe Institute for Strategic Reflection, chairperson of the Committee of Experts on Public Administration (an expert body of the UN Economic and Social Council) and former member of the Advisory Board of the Institute for the Study of International Development at McGill University in Canada. She served on the Africa Advisory Committee of Women's World Banking until 2018. She is also a non-executive board member of the Standard Bank group and Standard Bank South Africa. She was appointed chairperson of the Tiger Brands group as from January 2021.

Mxolisi Mgojo (61)

CEO since April 2016
BSc (computer science), BSc (Hons) (energy studies), MBA, advanced management programme (Wharton)

Skills and experience

At Eyesizwe Coal, Mxolisi was responsible for marketing and logistics. After Exxaro's formation, he managed the base metals and industrial minerals commodity business before he was appointed head of coal operations from August 2008. Mxolisi was appointed CEO designate on 1 May 2015 and CEO on 1 April 2016. He is a director of Talent10 Holdings, Eyesizwe Holdings, Eyesizwe RF, Dynamo Investment Holdings and Business Leadership South Africa. He was elected president of the Minerals Council on 24 May 2017 and stepped down on 21 May 2021.

Riaan Koppeschaar (51)

Director since July 2016
CA(SA), advanced and associate programmes in treasury management, advanced diploma in taxation, advanced management programme (INSEAD), certificate in theory of accounting

Skills and experience

Riaan started his career with Coopers and Lybrand. After completing his articles, he branched into the fields of treasury, investment management and corporate finance. He held various senior management positions at Iscor, Kumba and Exxaro until his appointment as Exxaro's FD in 2016. He is a director of several Exxaro subsidiary companies and joint ventures. He is a trustee and investment committee member of the Exxaro pension and provident funds. Riaan is also a member of the Association of Corporate Treasurers of Southern Africa.

Nombasa Tsengwa (57)

Executive director
CEO designate (appointed 16 March 2021)
PhD (agronomy), executive development programme (INSEAD)

Skills and experience

Nombasa has more than 18 years' executive management and board experience in the public and private sectors. In 2003, she joined Kumba as general manager: safety, health and environment. In 2007, she was appointed executive general manager: safety and sustainable development. In 2010, she became directly involved with the management of coal operations as general manager of captive mines and general manager of Mpumalanga operations. In 2015, she was appointed acting executive head of coal operations and executive head of coal operations in 2016. She is the 2017 winner of the Standard Bank Business Woman of the Year Award and the 2018 winner of the Pan African Awards Africa's most influential woman in business and government mining industry category. An avid long-distance runner, Nombasa has completed nine Comrades marathons.

Isaac Malevu (47)

Non-executive director
Investment committee member
Director since 22 June 2021
BCom (Wits), postgraduate diploma in accounting (University of KwaZulu-Natal), member of SAICA

Skills and experience

Isaac is a registered chartered accountant with SAICA and is the current chief financial officer of the IDC. Before joining the IDC, he was an audit partner at EY and then joined Standard Bank Corporate Investment Banking as finance executive.

Isaac Mophatlane (48)

Independent non-executive director
Investment committee chairperson, audit committee and SERC member
Director since 22 May 2018
Technology entrepreneur

Skills and experience

Starting his career, Isaac was the youngest board member of the previously JSE-listed Connection Group (Incredible Connection). In 1996, Isaac, with his brother Benjamin, co-founded the former Business Connection, a computer reseller focused on government and parastatals. In 2004, the company merged with Comparex Africa to form Business Connection and Isaac was appointed as group executive: client engagement – public sector. Isaac then took responsibility for the Innovation Division, which housed the group's software and packaged intellectual property and later the Canoa Division, which drove the group's managed print solutions offering.

Isaac is currently co-founder, shareholder and director of the Randvest group. Randvest's core focus is leveraged acquisitions and strategic investments in mainly technology companies. Isaac also serves as a board member of various companies and previously served on the Natal Sharks Board, was chairperson of CBCOB Cricket Club and he was involved in the transformation of Northerns Cricket Union. He has also worked extensively with various stakeholders at Cricket South Africa. Isaac is also chairperson of Bothomed, which is currently a shareholder with the PIC in the listed Dis-Chem Pharmacies Limited. Isaac is also a member of the Black Management Forum, Electronics Industries Federation of South Africa, Black Information Technology Forum and deputy non-executive chairperson of the Catholic Education Investment Company.

Jeff van Rooyen (71)

Former board chairperson, former nomination committee chairperson and independent director
Director since 13 August 2008 and chairperson since June 2018
Retired 27 May 2021
BCompt (Hons), CA(SA)

Skills and experience

Jeffrey is a director of various companies in the Uranus group and non-executive director of Pick n Pay Stores. He is a former chairperson of the Financial Reporting Standards Council, a former trustee of the International Accounting Standards Foundation and member of the UP's faculty of economic and management sciences' oversight board. He was a partner at Deloitte, chairperson of the Public Accountants and Auditors Board, CEO of the Financial Services Board and adviser to the former Minister of Public Enterprises during the Mandela administration. Jeffrey is a founder member and former president of the Association for the Advancement of Black Accountants of South Africa and a member of the Unisa Foundation.

Likhapha Mbatha (67)

Non-executive director
SERC member
Director since 6 March 2018

Skills and experience

Likhapha currently coaches National Movement of Rural Women coordinators in development methods and systems, project preparation, finance and management. She also supervises, monitors and evaluates small and medium development projects. She understands that poverty, inadequate education, nutrition, poor health, government policies and the exploitative nature of humans are uncontrollable variables that can lead to poverty. She focuses on development as an opportunity for affected individuals to lead equal and satisfactory lives within their communities despite their circumstances.

Mandlesilo Msimang (45)

Non-executive director
Investment committee and RBR committee member
Director since 15 March 2021
MSc (regulation), London School of Economics (with merit), BA (African studies and politics) (Cornell University) (with distinction)

Skills and experience

Mandlesilo is the CEO of Nozala Investments, a woman-owned private equity firm with a diversified portfolio in the minerals and energy sector as well as industrial and consumer services. Nozala's assets include blue chip South African companies such as Sasol Oil, Exxaro and Woodlands Dairy. Prior to joining Nozala, Mandlesilo established and ran Pygma Consulting, a pan-African ICT policy and regulatory advisory firm with clients including mobile operators, regulators and governments across Africa and the Middle East. Mandlesilo is a seasoned executive who has operated at C-suite level, as an entrepreneur and an ICT regulations and policy expert who is a results-driven professional with repeated success in various industries.

Peet Snyders (61)

Independent non-executive director
RBR committee chairperson, SERC and investment committee member
Director since 1 July 2016
BEng (mining), diploma in marketing management, MCom (business management), mine manager's certificate of competency (coal and metalliferous)

Skills and experience

Peet has 40 years' increasing responsibility experience in the mining industry, including employment at major and junior mining companies.

Concentrating in business management, business development, business re-engineering and high-technology mining with vast experience in managing mining businesses for world-class mining majors and junior mining-focused companies. He has been exposed to coal, platinum, gold, diamond, chrome and asbestos mining. He also has over 15 years of board experience within the industry.

Zwelibanzi Mntambo (64)

Non-executive director
Remuneration and nomination committee member
Director since 28 November 2006
BJuris, LLB, LLM

Skills and experience

Zwelibanzi is executive chairperson of Moabi Capital. He was a senior lecturer at the University of KwaZulu-Natal, executive director of Independent Mediation Services of South Africa, director-general of the Gauteng government and chairperson of the Commission for Conciliation, Mediation and Arbitration. He is chairperson of Main Street 333, a director of Eyesizwe Holdings and Eyesizwe Mining, and a trustee of the Paleontological Scientific Trust.

Ras Myburgh (63)

Independent non-executive director
Remuneration committee chairperson, nomination committee member, audit committee member, RBR committee member and investment committee member (retired from the investment committee on 4 October 2021)
Director since 1 September 2016
BEng (electrical), BSc (Hons) (energy studies), MBL executive programme (Darden)

Skills and experience

From 1982 to 1996, Ras held various operational and executive positions in operating, maintenance, engineering and power station management at Eskom. In 1997, he joined Iscor Mining where he led company-wide cost improvement, business re-engineering, transformation and empowerment projects. He was appointed managing director of Kumba's coal business in 2000 and headed the transformation unit in 2003 (project management of the empowerment transaction and unbundling of the company into Exxaro and Kumba Iron Ore). He was appointed as the first CEO of Kumba in 2006. Following the 2008 electricity crisis, Ras was seconded to Eskom to develop and implement a long-term coal supply strategy. In 2011, he co-founded Hindsight Financial and Commercial Solutions, a boutique corporate professional advisory firm, providing business development, specialist commercial solutions, and strategy and business improvement advisory services to the resources, energy and industrial sectors. He is a member of the Institute of Directors in South Africa.

Karin Ireton (66)

Independent non-executive director
Social, ethics and responsibility committee member
Director since 7 February 2022
MA (international political economy) (University of Leeds), international programme for the management of sustainability (Netherlands), environmental impact assessment and management (University of Aberdeen)

Skills and experience

Karin has over 30 years' experience in sustainability matters in coal power generation, mining and banking sectors. She is an international specialist in sustainability issues. She is currently an independent consultant focused on strategies for growth, risk identification and management, transparency and disclosure. A significant focus of her current work is the impact of climate change on business, and the need to reduce emissions and adapt business strategies. Prior to this, she was the group head of sustainability for Standard Bank Group and head of sustainable development for Anglo American, among others. Previous board experience includes Aureus Mining Incorporated, NBI and member representative for Standard Bank, Institute of Directors South Africa Chairman Sustainable Development Forum, JSE SRI advisory committee and UNEP Finance Initiative chairperson: climate change action group global steering committee member.

Mark Moffett (62)

Former independent non-executive director
Former member of the audit committee, RBR committee and investment committee
Director from 23 May 2018 and resigned 11 May 2021 BComm (CTA), CA(SA)

Skills and experience

Mark has more than five years of public company board exposure and over 25 years of financial and commercial experience in the mining industry with leading global companies. He has worked in diamond, thermal coal, ferrochrome and platinum group metals mining. He understands the South African mining landscape and its strategic imperatives going forward. He has held senior financial positions (operational and corporate) in various countries with Anglo American, De Beers, Xstrata Alloys (as chief financial officer) and Xstrata (as group controller). He served as chairperson of Fraser Alexander until March 2018. Mark currently serves as a lead independent non-executive director and audit and risk committee member on the board of Royal Bafokeng Platinum.

Vuyisa Nkonyeni (52)

Independent non-executive director
Audit committee chairperson and investment committee member
Director since 3 June 2014
BSc (Hons), postgraduate diploma in accounting, CA(SA)

Skills and experience

Vuyisa has over 20 years' experience in investment banking and private equity. He served his training contract as a chartered accountant with PwC and joined Deutsche Bank in 1997 where he gained investment banking experience, primarily in corporate and project finance advisory work over four years. He serves on the boards of Emira Property Fund and Momentum Metropolitan Holdings. He served as FD of Worldwide African Investment Holdings and a director of Actis in its BEE funding unit. He was appointed CEO of Kagiso Tiso Holdings in 2012 and resigned in December 2017.

Bennetor Magara (54)

Independent non-executive director
Risk and business resilience committee member
Director since 7 February 2022
BSc (Hons) (mining engineering), advanced management programme (GIBS), accelerated management development programme (London Business School)

Skills and experience

Ben has a strong technical foundation in coal and platinum mining coupled with business leadership and operational management in underground and surface mining as well as soft and hard rock mining. Some of his past roles include executive head: engineering and projects for Anglo American Platinum and CEO of Anglo Coal South Africa. Ben's most recent role was CEO of Lonmin. His previous board memberships include Anglo American South Africa, Foskor, Rustenburg Platinum Mines and chairperson of RBCT. He is the founder and chairperson of Africa Mining & Metals Group and is a current non-executive director on the boards of the Weir Group and Grindrod.

Phumla Mnganga (53)

Independent non-executive director
Remuneration and nomination committee member
Director since 7 February 2022
PhD (entrepreneurship/entrepreneurial studies) (Wits Business School), MBL (business management) (Unisa), BEd (University of KwaZulu-Natal), BA (University of KwaZulu-Natal)

Skills and experience

Phumla is the founder and managing director of Lehumo Women's Investment Holdings, a woman-owned and managed investment holding company. Prior to this, she was employed as group head of human resources for the Tongaat Hulett Group with oversight of investor relations, and as a change management senior consultant at Deloitte. She has chaired the board of the University of KwaZulu- Natal, the board of Gold Circle and the Siyazisa Trust, a large rural community. She currently serves as an independent non-executive director on four JSE-listed companies (Altron Group, Adcorp, Spar Group and Novus Holdings).

Chanda Nxumalo (38)

Independent non-executive director
Audit committee member since 27 May 2021, RBR committee member from 1 February 2021 and investment committee member from 4 October 2021
Appointed 1 February 2021
University of Oxford, MEng (economics and management)

Skills and experience

Chanda has 15 years' experience working in the renewable energy and power sectors. Having worked across North America and Europe, she has experience delivering technical, commercial and environmental advisory services in the renewables sector. As a director of Harmattan Renewables, she has been responsible for providing technical consultancy and asset management services for renewable energy projects across sub-Saharan Africa. For the past decade, Chanda has been instrumental in driving the renewable energy roll-out in South Africa, acting as spokesperson for the South African PV Association as well as consulting on some of the first renewable projects to be delivered as part of South Africa's Renewable Energy IPP Procurement Programme. With her richness of skills and experience in the energy field, nationally and internationally, including the African continent, and strong leadership capability, Chanda will support Exxaro's growth strategy in energy.

Billy Mawasha (43)

Independent non-executive director
Investment committee member and audit committee member
Director since 7 February 2022
BSc (electrical engineering), government certificate of competency for engineers, factories (electrical), government certificate of competency for engineers, mines and works (electrical), global leadership and public policy for the 21st century (Harvard Kennedy School), advanced management programme (Kellogg School of Management), accelerated development programme (London Business School), programme for management development (GIBS)

Skills and experience

He is a certified director with the Institute of Directors South Africa and the South African Institute of Electrical Engineers. Billy offers strong operational and technical leadership experience in the mining sector as former Kumba Iron Ore head of operations and integration and former country head of Rio Tinto in South Africa. He is the founder of an investment company, and also provides strategic and technical leadership to his investee companies. Previous board memberships include Foskor technical committee and SIOC. He is currently a non-executive director of Murray & Roberts and Metair Investments.

Vanisha Balgobind (48)

Executive head: human resources
BA (Hons) (industrial psychology), Masters in industrial psychology, management development programme (GIBS), Masters in business leadership (SBL)

Skills and experience

Vanisha is a registered industrial psychologist with more than 24 years' experience in the mining industry. She joined the (then) Iscor Mining in 1997 as a human resources graduate trainee. She was further employed at Kumba Resources as a human resources business partner and within talent management from 1998 to 2006. Since then she was appointed by Exxaro as manager of the talent management and centre of expertise, manager of corporate projects and human resources optimisation, and group manager of talent and learning. She is chairperson of Exxaro's women in mining committee and serves on various other Exxaro subsidiary companies. She is also leading the women agenda on behalf of Exxaro through the Minerals Council. She serves as a member of the remuneration committee of the FSCA in an independent capacity. Her passion lies in education and women empowerment as well as finding integration between work and spending quality family time.

Alex de Angelis (41)

Executive head: strategy and business transformation
BSc (mechanical engineering)

Skills and experience

Alex has a mechanical engineering background with mining experience across a range of commodities. In his early career, he worked at several platinum and gold mines in South Africa and Australia. He moved into strategy consulting for 13 years, working on large-scale strategy, transformation and innovation projects in a range of companies. Alex leads strategy and business transformation at Exxaro, focusing on where the organisation is going and what capabilities will be required to thrive now and in the future. He is passionate about innovation and continuous learning to drive impact with Exxaro, our communities and broader society. Alex spends his spare time following new technologies and trends, keeping fit and time with his family.

Mongezi Veti (58)

Executive head: sustainability
National higher diploma in metalliferous mining and coal mining (University of Johannesburg), MBL (Unisa), advanced management programme (Wharton), mine overseer's certificate, mine manager's certificate of competency (fiery mines)

Skills and experience

Mongezi has been executive head: sustainability at Exxaro since 2010. In his career since the 1980s, he has earned extensive mining experience in the gold, platinum and coal sectors. He is a certificated professional engineer registered with the Engineering Council of South Africa.

Johan Meyer (53)

Executive head: projects and technology
BEng (metallurgy), MBA, advanced management programme, certified director (IoDSA)

Skills and experience

Johan started his career in production management at Iscor's Pretoria steel works. He worked at KZN Sands, headed research and development at Kumba Resources, as part of the leadership team at Mineral Sands (Tronox), BU manager of Zincor and Exxaro corporate office. His current role focuses on delivering coal growth projects of approximately R20 billion and developing integrated resource and reserve LoM plans and supporting the implementation of the minerals strategy. He is passionate about leading people and powering better lives.

Mzila Mthenjane (51)

Executive head: stakeholder affairs
BSc (mining engineering), senior management development programme (Graduate Institute of Management and Technology), executive development programme (INSEAD)

Skills and experience

Mzila is a mining engineer with combined experience in mining and investment banking of 20 years. This includes seven years in deep-level gold mining at AngloGoldAshanti and Gold Fields in senior mine management and corporate development roles as well as six years in investment banking at Rand Merchant Bank and Deutsche Bank. His knowledge of business sustainability was honed over six years as executive: business sustainability at Royal Bafokeng Holdings and Royal Bafokeng Platinum. He assumed his current role in May 2013.

Roland Tatnall (47)

Appointed 10 March 2021
Managing director energy and Cennergi
MBA, INSEAD; BSc (Hons) (physics) (University of Leeds)

Skills and experience

Roland is the managing director of Exxaro Energy and has worked in the energy sector since 1998. He has invested in, built, structured, and advised power companies, teams and projects in Africa, the Middle East and Asia. Roland previously worked in the oil exploration industry, mainly in emerging and frontier markets, and he was an original investment team member of the first private equity fund to focus on sub-Saharan African power and infrastructure. He also served as a senior executive at one of the world's largest sovereign wealth power and infrastructure funds, and raised and invested in a proprietary power fund.

Andiswa Ndoni (54)

Appointed 1 November 2021
Group company secretary
BProc, LLB, global executive development programme, certificate in corporate governance

Skills and experience

Andiswa is an admitted attorney of the High Court of South Africa. She has over 27 years' experience as an attorney and 14 years as a company secretary. Andiswa is a former company secretary and legal counsel for Basil Read Limited and a former group company secretary and group executive for governance, compliance and sustainability for Barloworld Limited. She also sits on the Competition Tribunal as a part-time member.

Exxaro Resources limited
Environmental, social and governance report 2021

Our executive team


Mxolisi Mgojo (61)


Riaan Koppeschaar (51)
Financial director


Nombasa Tsengwa (57)
CEO designate


Vanisha Balgobind (48)
Executive head: Human resources


Alex de Angelis (41)
Executive head: strategy and business transformation


Mongezi Veti (58)
Executive head: Sustainability


Johan Meyer (53)
Executive head: Projects and technology


Mzila Mthenjane (51)
Executive head: Stakeholder affairs


Roland Tatnall (47)
Managing director energy and Cennergi


Andiswa Ndoni (54)
Group company secretary

Executive race diversity (%)

Executive race diversity (%)

Age diversity: number of executives (10)

Age diversity: number of executives (10)

Executive gender diversity (%)

Executive gender diversity %

* including Andiswa Ndoni and Roland Tatnall (Energy Managing Director)


The executive committees assist the CEO in managing the group's business and lead the implementation and execution of the strategy, policies and operational planning, subject to statutory limitations but enabled by the board's delegation of authority to the CEO and the executive committees. The executive committees, in carrying out their duties, have due regard of the governance principles in King IV, the company's MoI, their terms of reference and group governance framework.

The board reserves overall responsibility for establishing the business objectives and targets of the group, and for the strategic direction and control of the group's business activities. Between board meetings, the executive committee is authorised, subject to its delegated powers and reporting its significant decisions to the next available board meeting, to take management action it considers necessary to safeguard the group's interests, and to enhance and drive the strategy, business objectives and targets established by the board.

Group executive committee

Our group executive committee, in the authorities delegated to it by the board, is responsible for, among others:

  • Overseeing the group's financial, operational and sustainable performance
  • Guiding the company in its relations with shareholders and other key stakeholders, including employees, regulators, government, customers, suppliers and the media
  • Developing and recommending group strategy to the board for approval
  • Reviewing strategic KPIs approved by the board
  • Overseeing implementation of board strategy within the board's risk appetite approved by the board
  • Reviewing the adequacy of reporting arrangements and the effectiveness of internal control and risk management
  • Approving expenditure and other financial commitments specified in the delegation of authority framework
  • Making recommendations to the board, where expenditure and other financial commitments are above the authorities delegated to the executive, seeking necessary approvals
  • Recommending memoranda that require formal recommendation in terms of the delegation of authority framework to board committees and/or the board
  • Loading memoranda to be noted by board committees and/or the board into the diligent reading room at least seven working days before the board committee or board meeting to ensure members and standing invitees are familiar with the contents and that the documents are of the required standard
  • Performing other functions determined by the board from time to time
  • Reviewing and approving terms of reference of the coal executive and investment review committees

The group executive committee excludes matters relating to the group's energy business, which is dealt with by the energy executive committee.

Energy executive committee

As part of the group governance review in 2021, the energy executive committee was constituted on 4 October 2021 to assist the CEO to manage Exxaro's energy business. The energy executive committee, in the authorities delegated to it by the board, is responsible for, among others:

  • Developing and recommending energy business strategy to the board for approval
  • Developing and recommending the energy investment guidelines for approval by the board, and considering and approving the energy investment process
  • Reviewing the strategic KPIs as approved by the board and recommending any changes to the board
  • Overseeing the financial, operational and sustainable performance of the energy business, including technical oversight
  • Guiding the group in its relations with shareholders and other key stakeholders, including employees, regulators, politicians, environmental interests and the media
  • Overseeing the adoption and implementation of documentation of the group-wide governance principles and policies as prescribed by the board in the group governance framework
  • Overseeing the distinction between corporate functions and group functions relating to oversight, policies, practices, controls and services
  • Overseeing the implementation of board strategy within the risk appetite approach by the board
  • Keeping under review the adequacy of reporting arrangements and the effectiveness of internal control and risk management
  • Approving expenditure and other financial commitments as specified in the energy delegations of authority framework
  • Approving or recommending such human resource appointments as specified in the energy delegations of authority framework
  • Approving or recommending for approval such transactions, projects, agreements, etc as specified in the energy delegations of authority framework
  • Where expenditure and other financial commitments are above the authorities delegated to the committee, making recommendations to the board seeking the necessary approvals
  • Recommending memoranda, which require formal recommendation in terms of the delegation of authority framework, to the board committee and/or board, as the case may be, for approval
  • Memoranda to be noted by any board committee and/or the board shall be loaded to the Diligent reading room, as far as reasonably practical, at least seven working days before the board committee or board meeting to allow members and standing invitees to be au fait with the contents and that the documents are of the required standard
  • Considering and recommending the energy budget to the board for approval
  • Recommending periodic (at least twice a year) portfolio reporting to the board's investment committee
  • Performing such other functions as shall be determined by the board from time to time

The energy executive committee engages with a panel of independent professionals with specific experience in the renewable energy sector and markets to receive recommendations and guidance on material acquisition, merger/investment or disposal opportunities, and ongoing material transactions and matters related thereto in the scope of the approved energy strategy, including ongoing portfolio management of the energy business, existing and post-investment reviews and management.


Group executive committee meeting attendance

The executive team held four meetings and six special meetings in 2021. The high level of attendance is testament to their commitment in managing the business. Attendance is outlined in the table below.

Members Designation Attendance
Mxolisi Mgojo CEO and chairperson 80%
Vanisha Balgobind Executive head: human resources 100%
Riaan Koppeschaar FD 100%
Alex de Angelis Executive head: strategy and business transformation 90%
Johan Meyer Executive head: projects and technology 90%
Mzila Mthenjane Executive head: stakeholder affairs 90%
Roland Tatnall* Managing director: energy 100%
Nombasa Tsengwa CEO designate and managing director: minerals 90%
Mongezi Veti Executive head: sustainability 100%
Andiswa Ndoni** Company secretary (ex officio) 100%
* Roland was appointed as managing director: energy on 10 March 2021 and served on the group executive committee until formation of the energy executive committee on 4 October 2021.
** Andiswa was appointed group company secretary from 1 November 2021.

Energy executive committee meeting attendance

The executive team held three meetings and two special meetings since its formation on 4 October 2021. The high level of attendance is testament to their commitment in managing the business and is reflected in the table below.

Members Designation Attendance
Mxolisi Mgojo CEO and chairperson 80%
Riaan Koppeschaar FD 100%
Roland Tatnall Managing director: energy 100%
Nombasa Tsengwa CEO designate and managing director: minerals 80%
Andiswa Ndoni Company secretary (ex officio) 100%


As stated above, the strategic performance dashboard is an analytics tool that manages board, board committee, executive committee, functional and operational KPIs that are of strategic importance to the organisation. Agreed KPIs, and their targets, are informed by the tactical plans that deliver on our strategy. The strategic performance dashboard promotes management discussion and analysis, and is aligned with the requirements of King IV. The strategic performance dashboard was reviewed in 2021 with a revised philosophy based on the Sustainable Growth and Impact strategy with new focused KPIs for the board cascading down to management. The group executive committee KPIs that drive performance of selected board KPIs have been adopted to track progress towards our desired portfolio. The energy executive committee KPIs will be addressed early in 2022.


Saret van Loggerenberg was appointed group company secretary and legal from 1 October 2017. Following her resignation on 18 February 2021, Inlexso Proprietary Limited was appointed interim group company secretary until the permanent appointment of Andiswa Ndoni from 1 November 2021. The board recognises the pivotal role that the company secretary plays in the establishment of effective processes and systems to ensure that good corporate governance forms part of the fibre of the organisation and is entrenched in the organisation's culture.

The role and responsibilities of the group company secretary are described below.

With her appointment and in compliance with paragraph 3.84(h) of the JSE Listings Requirements, an evaluation of the incumbent group company secretary was conducted in 2021 to consider and satisfy the board of Andiswa's competence, qualifications and experience.

The board was comfortable that she maintained an arm's length relationship with individual directors and that she was neither a director nor a public officer of the company or any of its subsidiaries.

The executive committee

The executive committee

Working tirelessly to deliver on Exxaro's strategy

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Board of directors
Our executive team
Remuneration and nomination committee report
Remuneration committee report
Nomination committee report
Risk and business resilience committee report
Social, ethics and responsibility committee report
Audit committee report
Investment committee report
King IV application register
Remuneration report
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Human rights

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GRI index
SASB index
Task Force for Climate-Related Financial Disclosures (TCFD)
Assurance report
Appendix A: Criteria