INVITATION FOR THREE (3) MEMBERS TO SERVE ON THE PORTS REGULATOR’S AUDIT AND RISK COMMITTEE (INDEPENDENT EXTERNAL MEMBERS)
The Ports Regulator of South Africa (Ports Regulator) was established in terms of Section 29 of the National Ports Act, 2005 (Act No. 12 of 2005). The Ports Regulator of South Africa is a Schedule 3A Public Entity in terms of Public Finance Management Act, 1999 (Act No. 1 of 1999), as amended. The Ports Regulator invites applications from suitably qualified persons to serve as Members of its Audit and Risk Committee. The role of the committee is to provide independent assurance and assistance on matters relating to control, governance and risk management. The applicants must have the necessary and applicable qualifications, knowledge and experience to serve on the Ports Regulator’s Audit and Risk Committee. Only South African citizens as “natural persons“ may apply.
Requirements: •Any of the following: CA(SA)/CIA/CISA/LLB/MBA/Economics •Maritime/Built Environment qualifications will also be considered •Membership of a Professional Body or admitted Legal Practitioner (Attorney or Advocate) or Certified Risk Management Practitioner •Experience in public sector internal and external audit, accounting, financial management, risk management, ICT and governance •Knowledge of the PFMA, PPPFA, POPIA, accounting standards, the National Treasury and DPME’s Budget, Planning and Reporting Frameworks •Minimum of 5 years experience in an audit committee, preferably in the public sector, is required.
Key Requirements: •Competency, understanding and experience: Previous Audit Committee experience in the Public Sector, Governance and Risk Management, IT Governance, Financial Reporting, Financial Management, Internal Controls, Combined Assurance, Internal and External Audit processes, Performance Management, Compliance with the PFMA, other applicable legislation and best practice and conducting investigations where necessary •Experience/knowledge of the Maritime sector and Economic Regulation will serve as an advantage.
Term of Office: The term of office of the Audit Committee Members is three (3) years.
Remuneration: In addition to travel and accommodation costs, Members shall be compensated for time spent and work done as determined in line with the National Treasury Remuneration Guidelines for Commissions and Committees of Inquiry and Audit Committees subject to approval by Executive Authority. A person who is an employee of the Government of South Africa shall not be entitled to receive any additional remuneration if they are appointed to serve on the Ports Regulator Audit and Risk Committee.
Persons should not have recent/direct/indirect interest in the regulated entity/group (National Ports Authority and Transnet, SOC.). There shall be at least four (4) statutory meetings of the Committee in a financial year. Special Meetings may also be held as and when required. Meetings shall ordinarily take place at the Ports Regulator offices in Durban, KwaZulu-Natal; however virtual platforms will also be utilised.
Application procedure: • Applications must be submitted in writing and must contain the following: ▪Detailed Curriculum Vitae and a comprehensive motivational letter for appointment ▪Recent certified copies of Identity document and qualifications ▪Verification of foreign qualification by SAQA ▪Background verification, qualification checks, criminal record and citizen checks shall form part of the selection process ▪Late applications shall not be accepted. Applications may be emailed to
re*********@po************.org
no later than close of business on 13 May 2022.
Enquiries: Ms Philisiwe Mkhize on tel. (031) 365 7800. Please note only shortlisted candidates shall be contacted and if you have not heard from us within three (3) months of date of closing for submission of applications, you should consider your application unsuccessful.