Board of Trustees

The Board of Trustees is made up of 12 Board members. The first six Board members are appointed by Absa Bank Ltd, FirstRand Bank Ltd and Standard Bank of South Africa. The remaining six members are elected on rotation by the members of the Scheme at the Annual General Meeting.

All members of the Bankmed Board of Trustees are legally liable for the Scheme.

The duties of the Trustees are featured in detail in the Bankmed Rules with their core focus being member interest. Some of the Trustees responsibilities include:

  • Acting on due diligence in the interest of Scheme members
  • Taking all reasonable steps to ensure the interest of Scheme beneficiaries is protected in terms of the Rules and Acts
  • Ensuring the compliance of the Scheme to the relevant Acts and other legislation.

How are they elected?

Each year, Bankmed sends a trustee nomination form to every member to nominate a candidate to represent him/her on the Board of Trustees. All nominations must reach the Scheme on or before 28 February of any given year. The elections take place at the Bankmed Annual General Meeting held in June each year.

Principal Officer

Mr. Teddy Mosomothane

Vice-Chairman

Mr. Alex Schaffrath

Member Elected Trustee

Trustee

Mr. Dumisani Mkhonza

Employer Appointed Trustee

Trustee

Ms. Glenda Noemdoe

Employer Appointed Trustee

Trustee

Mr. Gerhard de Lange

Member Elected Trustee

Trustee

Mr. Noah Naidoo

Member Elected Trustee

Trustee

Mrs. Judy Madavo

Member Elected Trustee

Chairman

Mr. Daniel Armstrong

Employer Appointed Trustee

Trustee

Mr. Jeffrey Cresswell

Employer Appointed Trustee

Trustee

Mr. Njabulo Nyawo

Member Elected Trustee

Trustee

Mr. Jan Henning

Member Elected Trustee

Trustee

Mr. Lucen Rathnum

Employer Appointed Trustee

Trustee

Mr. Thabiso Legoete

Employer Appointed Trustee