Sanlam Private Wealth appoints 3 new board members

05 March 2018Sanlam Private Wealth
Karabo Nondumo.

Karabo Nondumo.

Thobeka Sishuba.

Thobeka Sishuba.

Anton Raath.

Anton Raath.

Sanlam Private Wealth has announced the appointment of three new non-executive board members. Karabo Nondumo, Thobeka Sishuba and Anton Raath have joined the company’s board in line with its strategic objective of transformation and of growing the business in new markets.

Daniël Kriel, chief executive of Sanlam Private Wealth, says the new board members bring a powerful mix of skills and expertise and he looks forward to working with them to steer the firm – that manages assets worth R240 billion and has a global footprint in five countries – into the next phase of its growth.

“After the retirement of Flip Rademeyer and Merwen Mellet as non-executive members of the board last year, we made the decision to reconstitute our board to ensure it is more representative. We are delighted to attract this calibre of professional to Sanlam Private Wealth and look forward to the new perspectives and renewed focus they will bring to the table.”

Besides Kriel, the other board members of Sanlam Private Wealth are Robert Roux (chairman), Temba Mvusi, George Sebulela and Francois Bruwer (CFO).

About the new directors:

Nondumo is Executive Director of KM ICT and Ciaraspan which is a part of the KM Group of Companies. Before this, she was Executive Head of Corporate Finance at the Vodacom Group, and later head of Vodacom Business. Nondumo is a chartered accountant.

Sishuba most recently worked for Woolworths Holdings as Group Executive: Governance, Risk and Compliance, and as Company Secretary. Before this, she worked for MMI as Group Executive: Governance. Sishuba has a Masters in Taxation.

Raath was Chief Executive of Glacier by Sanlam until the end of 2017. He is a chartered accountant with extensive experience in the investment world. Before his appointment at Glacier in 2005, Raath was Managing Director of Sanlam Private Investments, as well as Chief Operating Officer of Sanlam Investment Management.

Quick Polls


Government has raised the VAT rate. How will this impact short term insurance policies?


There will be a lot of confusion. If a policy is written at 14% and subsequently cancelled (at 15%), how much is the refunded amount?
All will be ok. The industry has had time to prepare for the VAT increase.
Government has really not thought through what the unintended consequences of the increase would be.
AE fanews magazine
FAnews February 2018 EditionGet the latest issue of FAnews

This month's headlines

Viceroy in the purview of the FSB
The fundamental right to work
AI for dummies
‘Day Zero’ the day taps are anticipated to run dry
Pre-existing conditions: insuring the uninsurable
Subscribe now