Background And Applicable Legislation
Brand SA as a Schedule 3A National Public Entity of the Public Finance Management Act, No 1 of 1999 (as amended) (herein referred to as the PFMA), is required to establish an Audit and Risk Committee in terms of Sections 76 (4)(d) and 77, respectively. Brand South Africa calls on qualified and interested people to serve on its Audit and Risk Committee till 19 March 2027.
Term of Appointment:
• The term of office of the ARC member shall be for the remainder of the current board’s term which expires on 19 March 2027.
• The Board of Brand South Africa may renew the appointment period for another term.
• The Audit and Risk Committee has four statutory meetings per annum and additional meetings may be convened as deemed by the Audit and Risk Committee.
Remuneration:
• Compensation of Audit and Risk Committee members is determined by the National Treasury and/or the Auditor-General.
• Appointed candidate will be remunerated for related activities agreed upon and at a rate
determined and approved by Brand SA
• Schedules in this regard are issued annually with specific hourly or daily rates. All other
refundable expenses are based on Brand South Africa’s related policies in line with the National Treasury guidelines.
Candidate Requirements:
• The ideal candidate should have A relevant/appropriate professional Bachelor’s and Postgraduate qualification in Accounting/Auditing/ Risk Management /ICT/MBA/LLB or relevant qualification.
• Individuals must possess any of the listed professional qualifications: CFE/CCSA/ CIA/CA (SA) or relevant professional Certificate.
• Must be affiliated with any of the following professional bodies: Institute of Internal Auditors South Africa (IIASA) / Institute of Risk Management South Africa (IRMSA) / South Africa Institute of Chartered Accountants (SAICA) / South African Institute of Professional Accountants (SAIPA)/Association of Certified Fraud Examiners (ACFE) / Legal Practice Council or any relevant professional body.
• The ideal candidate should be a serving member of an audit and or risk committee or should have previous experience as a serving member on audit and or risk committees for more than five (5) years and not serving on more than three (3) audit and or risk committees.
• The ideal candidate should have minimum of 10 years of management experience gained from the Audit/Financial/Legal/ICT/Risk Management/Governance environment.
• Experience in or knowledge of the Public Finance and Public Sector will be considered as an additional advantage.
• In addition to the above, candidates should demonstrate experience in participating in governance structures, the ability to dedicate time to the activities of Brand South Africa Audit and Risk Committee, have an inquisitive personality within reasonable levels of probing, analytical reasoning abilities and good communication skills, and a fair understanding of the regulatory framework within which national departments operate.
Applications must be submitted to Kholiwem@brandsouthafrica.com accompanied by a comprehensive CV (Including copies of ID and qualifications not older than six (6) months). Late applications will not be considered. Candidates will be expected to be available for interviews on the date and time and at a place as determined by Brand South Africa.
