ITHUBA BOARD OF DIRECTORS
The composition of ITHUBA’s Board of Directors reflects the philosophy that there is no greater company asset than the relevant knowledge, skill and experience of its people. Each executive director brings to the table their hard-earned management credibility, proven business acumen and extensive governance experience gained by serving on the boards of several influential local and multinational companies.
The combination makes for a sound governance structure with expertise in all areas highlighted by the King III report on good business practice in terms of Board composition that is relevant to the strategic objectives of a South African National Lottery License operator.
Molefe Seth Phalatse has over 47 years of corporate and executive management experience, primarily in the motor industry. Mr Phalatse served as an Executive Director at BMW South Africa for 24 years and as a Non –Executive Director for 10 years. He serves as the Chairman of Da Vinci Holdings, Institute for Global Dialogue, Ritz Pumps South Africa, and as the President of the Southern African German Chamber of Commerce. He also holds Non-Executive Directorship at Robert Bosch SA, Emerson Network Power and International Ferrochrome Metals. One of his past Directorships includes Uthingo where he gained experience in the lottery business. Not only do these roles allow him to lend his influence in the gaming industry and a number of other industries, but also provide him with an extensive network in both the public and private sectors.
Phalatse’s early career was in marketing and sales and over the past four decades he has also developed excellent strategic and operational skills. As the Chairman for ITHUBA, he brings additional competencies of communication, negotiation and people management skills to the new structure and his track record in business, international ventures and South African multinationals adds depth of strategic guidance to the board.
Mrs. Charmaine Mabuza is ITHUBA’s Managing Director and co-founder. Charmaine was born and educated in Kwa-Zulu Natal – raised by an entrepreneurial mother; she gained an astute understanding of business from hands-on involvement in various family owned enterprises.
With this as her frame of reference she became one of the first Director Board Members of Women Investment Portfolio Holdings Limited (WIPHOLD); the first black women-owned company to list on the JSE with a net asset value of R1.2 billion.
Mrs. Mabuza has occupied several notable leadership positions including managing director of Empilweni Payout Services (Pty) Ltd; Trustee on the Board of GRIP, an NPO established in 2000 in response to the high levels of child rape and concordant escalation of HIV/Aids in survivors; Deputy Chair for the Mpumalanga Provincial University Council; and she has served as Sheriff of the High Court and was appointed to the South African Board for Sheriffs.
Mrs. Mabuza is the 2005 recipient of a regional Business Achievers Award from the Business Women’s Association (BWA) and is regarded as a a formidable business force in South African black owned business networks.
More recently, Mrs. Mabuza has consolidated her business acumen through the establishment of the Zamani Private Equity Fund, which boasts a strong asset base. In the past, Mrs. Mabuza has brokered various major transactions including Bontebok Lime, an acquisition wherein Zamani acquired a 26% shareholding, and the One Humanity One Justice Project, a BBC movie production that gave Zamani a 25% equity stake.
Adv. Eric Mabuza graduated with a B Proc degree from the University of the north, where after he went on to complete an LLB at the University of the Witwatersrand.
Though opportunities for black legal professionals were few and far between in apartheid South Africa in the 1980s, Adv Mabuza earned the distinction of being one of the few black lawyers to obtain a Diploma in Trial Advocacy from the prestigious Harvard University in the USA. This was followed by an LLB from George Town University Law Center in Washington DC. During this time he also served as a part-time legal advisor on the Black American Lawyers Committee for Human Rights.
He was admitted to the Johannesburg Bar as an advocate in 1987. In 1992, as talks to dismantle apartheid began, he played a pivotal role as advisor to the Kangwane Government Delegation at CODESA, in addition to occupying a position on the directorate of the Kangwane Economic Development Corporation.
Backed by a solid foundation of legal expertise, he broadened his competencies in the business arena with directorships of a diverse spectrum of companies, including the Board for MEGA (Mpumalanga Growth Agency).
Adv. Eric Mabuza has extensive business experience, having owned and managed a number of businesses. He is one of the founding members of Empilweni Payout Services and the Zamani Group of Companies.
Ms. Thuli Mashanda is a founder of Njapa Consulting Services, an accounting and auditing consulting firm. As a Chartered Accountant, she brings invaluable business finance competence to the ITHUBA Holdings group.
Her experience with large multi-nationals such as MTN and Multi Choice Africa—where she was responsible for establishing and leading the Internal Audit Department for MTN Nigeria and overseeing the DStv finances in over 12 African countries respectively—is coveted by many corporate firms. At MTN, her responsibilities included Forensic and Fraud investigations, IT Audits, Process Audits and Special Projects.
Mashanda has also worked for Transnet Housing as an Executive Corporate Financial Manager, where she headed the Finance Department, handling in excess of R3, 2 billion bond books and over R300 million loan books.
Her role as a Partner at Nkonki provided her with a solid understanding of the South African demographic landscape, having worked for both public sector and corporate clients. Thuli serves on various boards and audit committees.
Mpho has a long and successful career in accounting and more specifically in the area of auditing in the mining industry. In his role as Audit Manager, he has demonstrated a hands-on management style in the development and implementation of strategic plans to ensure company growth. Heading up teams, he worked on projects with SMEs as well as large international companies, achieving exceptional results.
After completing his Commerce degree at the University of Johannesburg, he spent three years honing his skills at Ernst & Young, where he rotated through various specialist accounting roles and discovered his passion for auditing.
In 2011 he joined the mining giant Anglo American, where he was responsible for the identification of risks and assisting management with the implementation of mitigation controls. He was responsible for audits of Anglo Coal, Kumba, Anglo Platinum and cross-border offices.
Mpho was appointed Head of Internal Audit at the National Empowerment Fund in January 2015 and is responsible for developing and executing the organisation’s audit plan and driving the strategy of the department.
He has outstanding written and verbal communication skills, efficiency, maturity and honesty. He is highly pro-active and results driven.
Mpho is a qualified Chartered Accountant and registered with the South African Institute of Chartered Accountants
William has over 18 years’ experience in the regulated gaming industry. He currently works as an advisor and consultant in the gaming industry with a focus on lottery and online gaming. In the role as advisor and consultant, William provides strategic advice, mentoring and contacts to both operators and technical providers in the gaming industry.
William left GTECH (now called IGT) in 2013 after a total of 15 years with the company to become an advisor, consultant and investor in the gaming industry. In his last role as Vice President and Commercial Director at GTECH G2, he was responsible for remote revenue for both the WLA and commercial gaming markets.
Prior to taking on this role, he was Vice President of Corporate Development, where he was involved in the development of the Company’s Internet Gaming Strategy and the identification and execution of acquisitions. In this role, William was directly involved in the acquisition of Finsoft, Boss Media and St Minver.
William was born, raised and educated in South Africa and currently lives in London. He has a Bachelor of Commerce (Honours) from the University of Witwatersrand in Johannesburg. He is also a member of the Chartered Accountants of South Africa, qualifying whilst working for Arthur Andersen in Johannesburg and London. William is also a trustee of an Africa focused charity, Education Africa.