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The Foundation is governed by a Board of Trustees, which is chaired by the esteemed Mr Gibson Thula, and comprises members from Commerce, Industry and Community, Council and Executive. The Board’s role is to offer strategic direction and oversight to the Foundation, in terms of its investment and governance, as captured in its Trust Deed. The Trustees assist the Foundation through their experience, networks and centres of influence.

Board Members and Attendees 2014:

Mr G Thula (Chair)

Mr G Thula (Chair)

Mr T Mthembu (Deputy Chair) Mr C Gamede Dr IB Mkhize Mr S Chetty
Mr D Mkhwanazi Mr D Vilakazi Prof NM Mazibuko Prof LM Magi
Ms L Ngcobo Prof AT Nzama Mr A de Wet Ms C Nsibande
Dr CM Israel



The Foundation’s operations are funded from the interest on its investment. Internal and external financial controls are in place to ensure excellent fiduciary standards, with both an internal and external audit annually.