BANKSETA AR 31 AUGUST

Membership and Attendance In terms of membership, the ARC is currently comprised of three external independent members and two additional members from the Accounting Authority. For the financial year, the ARC convened seven times.A list of themembers and their respective qualifications as well as a record of their attendance is provided below:

The BANKSETA Audit and Risk Committee (ARC) is pleased to present its report for the financial year ended 31 March 2022. Audit Committee Responsibility The ARC has complied with its responsibilities arising from sections 51(1) (a) (ii), 76 (4) (d) and 77 of the Public Finance Management Act (PFMA) as well as Treasury Regulation 27.1. Furthermore, the ARC has adopted an ARC Charter and has regulated its affairs in compliance with this Charter as well as discharged all its responsibilities as contained therein.

Date Resigned / End of Term

No. of Meetings Attended

Date of Appointment 1 Dec 2020

Name of Member

Qualifications

Dr. Prittish Dala (Chairperson - External Independent Member)

PHD Information Technology, Master of Information Technology, Bachelor of Science (Computer Science) Honours (Cum Laude), Bachelor of Information Technology (Cum Laude), Certified Governance of Enterprise Information Technology (CGEIT), Certified Risk and Information Systems Control (CRISC), Certified Information System Auditor (CISA), Certified Ethical Hacker (CEH), Certified Computer Hacking Forensic Investigator (CHFI), Certified Data Privacy Solution Engineer (CDPSE), Certified Information Security Manager (CISM), Certified Information Systems Security Master of Business Leadership (MBL), Chartered Accountant (SA), B Compt. Honours in Accounting (CTA), B Compt. Accounting Sciences Chartered Accountant (SA), Bachelor of Commerce, Honours in Accounting (CTA) Professional (CISSP), Lead Auditor ISO 27001

N/A

7 of 7

Ms. Thembelihle Mbatha (External Independent Member) Ms. Michelle Pillay (External Independent Member) Mr. Brigate Nyakane (Accounting Authority Member: Organised Labour)

1 Dec 2020

N/A

6 of 7

1 Dec 2020

N/A

5 of 7

Bachelor of Commerce

25 Jun 2020 N/A

7 of 7

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PART C: GOVERNANCE | BANKSETA ANNUAL REPORT 2021/22