Finance Minister Tito Mboweni has appointed Unathi Kamlana as the commissioner of the Financial Sector Conduct Authority (FSCA) for a period of five years. Kamlana is currently employed at the Prudential Authority of the South African Reserve Bank, where he is the department head responsible for policy, statistics and industry support. He will start as FSCA commissioner on 1 June 2021.
The Minister has also appointed Astrid Ludin as a Deputy Commissioner of the FSCA. The appointment is also for a period of five years and is effective from the date of assumption of duty, which is also expected to be 1 June 2021.
The appointment of Kamlana and Ludin marks the end of a three-year transitional process to establish a permanent top leadership for the FSCA, following its establishment on 1 April 2018. “The FSR Act allows for the appointment of a Commissioner and up to four Deputy Commissioners of the FSCA, and the process of appointing two or three additional Deputy Commissioners is at an advanced stage.”
Click here to download the media release of the Minister of Finance that includes links to the CVs of both Kamlana and Ludin.
Click here to listen to Bruce Whitfield’s interview with the incoming FCSA Commissioner on The Money Show. In the interview he also comments on the claims of former Gauteng Premier Tokyo Sexwale, that billions of rands meant for the “Heritage Fund” has been looted.