Memberships: Audit and risk committee (Chair); Social, ethics and sustainability committee
Terence Nombembe is a Sibanye-Stillwater independent non-executive director and was appointed in September 2024. Terence has expertise in accounting, auditing, risk management, corporate governance, and stakeholder management. Terence was the chief executive officer of the South African Institute of Chartered Accountants (SAICA) from 2014 to 2019, and before that, he was the Auditor-General of South Africa from 2006 to 2013. Terence was most recently a non-executive director of the South African Reserve Bank (SARB), having stepped down from that role in 2023. Honorary awards received by Terence include the Jorg Kandutsch Excellence Award from the International Organisation of Supreme Audit Institutes (2010), Doctor of Accounting Science (honoris causa) from the Walter Sisulu University (2014), Unisa’s Chancellor’s Calabash Award – Outstanding Alumnus (2014), and Honorary Member of the Golden Key International Honour Society (2015) and Doctor of Commerce (honoris causa) from the University of Pretoria (2025). Terence is an Independent Non-Executive Director of the Nedbank Group Limited and Nedbank Limited and serves as a member of its Group Audit Committee and Group Risk and Capital Management Committee.
In compliance with the Sarbanes-Oxley Act, the Board has identified Terence Nombembe as the Audit and risk committee’s financial expert.
