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COMPOSITION OF THE PPS GROUP AUDIT COMMITTEE
Members:
Independent non-executive directors of PPS Insurance:
Prof H E Wainer (Chairman), B Acc, CA(SA), Member of GAC since 2001
Ms D L T Dondur, B Acc (Hons), B Compt, CA(SA), MBA, Member of GAC since 2013
Mr C Erasmus, B Sc, FIA, FASSA, Member of GAC since 2009
Mr E A Moolla, B Iuris, Member of GAC since 2015
Mr P Ranchod, B Compt (Hons), CA(SA), MBL, H Dip Business Data Processing, Member of the GAC since 2014
Dr J A van der Merwe, MB ChB, MBL, DBL, PED. (IMD), appointed as a Member of the GAC on 18 June 2018
Mr N G Payne, B Com (Hons), CA(SA), MBL, Member of GAC since 2007 (resigned 30 April 2018)
Specialist consultant:
Dr C E Rabin, D Phil, CA(SA), specialist consultant to the GAC since 2011, formerly a member of the GAC from
2005 to 2011.
Meetings held during the year and attendance thereat:
Group Audit Committee
7 March 2018
28 May 2018
6 September
2018
9 November
2018
Prof H E Wainer (Chairman)
X
X
X
X
Ms D L T Dondur
X
X
X
X
Mr C Erasmus
X
X
X
X
Mr E A Moolla
X
X
X
X
Mr P Ranchod
X
X
X
X
Dr J A van der Merwe
(Appointed 18 June 2018)
N/A
N/A
AP
X
Dr C E Rabin*
X
X
X
X
Mr N G Payne (Resigned
30 April 2018)
X
N/A
N/A
N/A
*Consultant
AP = Apology
N/A = Not applicable
The GAC comprises six non-executive PPS Insurance directors, all of whom are independent. Dr Rabin, who is
not a member of the PPS Insurance Board, and was formerly a member of the GAC, was appointed as a specialist
consultant to the GAC pursuant to the requirement of the Companies Act, 2008, that all members of the GAC have
to be Board members. Three of the members of the GAC and the specialist consultant are Chartered Accountants.
The remaining members of the GAC are an actuary, a lawyer and a risk management specialist, respectively.
The Boards are satisfied that the members of these Committees have sufficient recent and relevant financial
experience to enable them to carry out their duties and responsibilities and that the members of the Committees
bring a wide range of relevant experience and expertise. The GAC meets at least four times a year, while the TAC
is scheduled to meet at least twice a year. The Chairmen of the Group Risk Committee and the Group Actuarial
Committee are also members of the GAC. The Head of the Actuarial Control Function and Statutory Actuary, the
Company Actuary, the external auditors, the Head of the Internal Audit Function and other relevant role players
are present at each meeting of the GAC. The external auditors are present at each meeting of the TAC.