• Ms Ipeleng Selele (Chairperson)
• Ms Zama Mkosi (Deputy Chairperson)
• Ms Emy Casaletti-Bwalya
• Ms Loretta Jacobus
• Ms Rachel Kalidass
• Adv Cawekazi Mahlati
• Prof Hlengani Mathebula
• Mr Jerry Mpufane
• Mr Lumko Mtimde
• Ms Dzawele Ratshikuni
• Mr Bohani Shibambu
• Mr Neville Matjie (Chief Executive Officer)

Public Finance Management Act No. 1 of 1999 (as amended) and the National Treasury Regulations, 2005 (as amended).

All trustees are appointed by the President of the Republic of South Africa for a three-year term. The board of trustees meets at least four times a year. The trustees are non-executive. The CEO is an ex officio executive trustee in terms of the Trust Deed

The board is unitary and has the following committees which were set up to facilitate the fulfilment of its fiduciary duties and stewardship:

• Human Resources/Remuneration & Social and Ethics Committee (HR/REM & SECO);
• Audit and Risk Committee (ARCO); and
• Marketing Committee (MARCO).

All the board committees are made up of members of the board; executive management only attends by invitation. All committees are empowered to obtain external and independent professional advice whenever they consider it necessary to carry out their duties and are chaired by non-executive trustees. ARCO also consists of two independent non-executive members who are not trustees.

The Director: Governance, Legal and Board Secretariat serves as the secretary to the board.