Msinsi Holdings (SOC) Ltd (“UWS”) is a 100% owned subsidiary of uMngeni-uThukela Water. Msinsi’s primary main function is Water Resource Management, which is regulated mainly by the National Water Act 36 of 1998, water resource strategy and other instruments regulating water resource management. The activities in the main performed on behalf of the shareholder in terms of the Service Level Agreements are Biodiversity, Pollution Control and Alien Invasive Plants. Msinsi’s secondary goal is known as eco-tourism and is an activity allowable in law as part of the recreational activities that can be undertaken at the dams while performing the water resource management function.
Individuals and organisations are invited to submit nominations of suitably qualified persons to be considered for appointment as members of the Board of Msinsi Holdings (SOC) Ltd.
To be considered for appointment as independent non-executive directors for Msinsi Holdings, suitably qualified persons with the following combination of skills and experience are required:
To be considered for appointment as independent non-executive directors for Msinsi Holdings, suitably qualified persons with the following combination of skills and experience are required:
Experience:
- Candidates must have expertise in one or more of the following areas:
- Labour
- Finance
- Legal environment
- ICT governance, etc..
- Candidates must have Technical, Scientific, Water Services Management, Environmental Management and Conservation expertise.
- Candidates must have been exposed in one or more of the following environments
- Auditing
- Governance
- Compliance and
- Risk management environment.
- Candidates must have extensive knowledge and experience in nature-based tourism and water sporting.
Skills:
- Ability to provide oversight on the governance and statutory requirements of a State-Owned Entity and ensure overall compliance with the applicable legislative and regulatory framework.
- Ability to effectively exercise oversight on the implementation of the Entity’s strategy, business model and the overall policies as applicable to the business operations,
- Ability to contribute relevant technical and independent governance knowledge to assist the Board to effectively discharge its mandate and to exercise its fiduciary responsibilities
- Ability to contribute relevant technical and independent governance knowledge to assist the Board to effectively discharge its mandate and to exercise its fiduciary responsibilities,
- Ability to promote accountability principles to ensure that the Executive Management achieves the organisation’s vision and financial sustainability,
- Ability to exercise independent oversight on the management of strategic risks within the organisation and review the implementation of the required risk mitigation strategies by Executive Management,
- Ensure that Executive Management complies with the requirements for the submission of the required statutory reports to the shareholder and other statutory bodies in line with the stipulated timeframes and statutory compliance requirements.
- Sufficient time availability to attend meetings and dedicate to Msinsi business in accordance with the approved Board Annual Corporate calendar,
- Ability to contribute towards and positively impact strategic level discussions during Board and/or Committee meeting
Added Advantage:
- Experience in the water sector will be an added advantage.
- Experience in serving in the Audit committee will be an added advantage. Candidates should have strong analytical abilities and interpersonal skills.
- Professional certifications will be an added advantage.
- Must have personal attributes of objectivity, integrity, good reputation, commitment and should be a South African citizen.
- Appropriate knowledge of, understanding and experience in exercising fiduciary duties in accordance
- with the provisions of the Public Finance Management Act 1 of 1999 and Water Services Act of 107 of 1997, King Code of Good Corporate Governance (King IV) and the Companies Act 71 of 2008, and other relevant prescripts.
Grounds of Disqualification:
In line with the Companies Act 71 of 2008, a nominee will not be considered to hold office as a member of the Board if he/she is an un-rehabilitated insolvent, has been convicted of any offence involving dishonesty, fraud or has been sentenced to imprisonment without the option of a fine.
Stipends:
The appointed Board members shall receive a stipend as determined and approved by the Minister of Water and Sanitation. The stipend is paid in respect of expenses incurred in, and during, attendance of official duties.
APPLICATION/NOMINATION PROCESS:
Individual members of the public are invited to submit nominations of suitably qualified and experienced persons to be considered for appointment as members of the Board of Msinsi Holdings.
Every nomination for appointment to the Board must be signed by a proposer and seconded by another person, none of whom may be the nominee, and must also contain the nominee’s signed acceptance. No person may nominate or second more than one candidate.
Nominations must contain the following:
- The CV of the person being nominated;
- Copies of qualifications;
- A copy of the Identification Document (ID) of the nominated person; and
- A letter of motivation of no more than two (2) pages in length indicating the suitability of the nominated person for appointment as a non-executive member of the Msinsi Holdings SOC Board.
- An acceptance signed by the nominated person.
Nominations should be sent electronically to: msinsiboard@msinsi.co.za and marked for the attention of: Company Secretary: uMngeni-uThukela Water – Ms. Simangele Mbatha.It is a requirement that nominations MUST be sent electronically.
Please note: All Board meetings and Board sub-committee meetings will be scheduled to take place during normal business hours and nominees will be expected to make themselves available to attend.
Closing date for application: 11 October 2024If you do not receive a reply within four (4) weeks of the closing date, please consider your application unsuccessful.
