Nkosana Samuel Mashiya, Capitec’s chief risk offer who was also a member the bank’s social, ethics and sustainability committee, has resigned.
The Stellenbosch-headquartered lender advised shareholders in a statement late on Tuesday that Mashiya had resigned and would step down from his roles at Capitec on March 31 for “personal reasons”. Capitec said a successor to Mashiya would be appointed “in due course”.
“The boards thank Mr Mashiya for his valuable contribution to the companies over the past seven years and wish him well in his future endeavours,” Capitec said in the statement.
Mashiya, who was also an executive director on Capitec’s boards, joined what is now SA’s largest retail bank by customer numbers on November 1 2015, just three months after stepping down as deputy registrar of banks at the Reserve Bank. He was deputy registrar of banks from 2011 until his resignation from the central bank, where he played a key role in driving the implementation of the so-called Twin Peaks regulatory reform process.
Mashiya previously worked at the Treasury, where he held the roles of director for banking development (2002-2006); chief director of financial sector development (2006-2010); and chief director of international finance (2010 and 2011).
He started his career as a lecturer at the University of Johannesburg, where he obtained a MCom degree. Thereafter Mashiya lectured at what was then called the University of Natal before joining the Treasury.
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