MAEMILI RAMATABOE

 

Maemili Ramataboe is an experienced Governance and Risk Management Consultant with extensive financial services experience cutting across the public and private sectors. She started her career at Standard Bank South Africa and later worked for Standard Chartered Bank Lesotho. In 1999, Ms Ramataboe joined the Lesotho Highlands Development Authority (LHDA) in the Treasury Department, where she gained experience in corporate finance.

As LHDA Corporate Treasurer, she worked together with the Trans-Caledon Tunnel Authority to raise funding for the multi-billion-rand Lesotho Highlands Water Project. The collaboration included managing loans from development finance institutions, export credit agencies, local capital markets and commercial banks. In 2001, she moved to Shell & BP Petroleum Refinery (SAPREF), where she became Corporate Treasurer and Principal Executive Officer (PEO) for the company’s pension and provident funds.

Ms Ramataboe occupied the SAPREF position for seven and a half years. She helped transform the funds and ensure their independence from the business. She was also responsible for the insurance portfolio. In 2008, Ms Ramataboe joined the Government Employees Pension Fund (GEPF) as PEO. GEPF is a trillion-rand national pension scheme, whose assets the Public Investment Corporation manages under the mandate from the GEPF Board.

The PEO oversees the development and implementation of this mandate. The position is further in charge of ensuring that the Government Pensions Administration Agency delivers on its mandate of providing an efficient and effective administration service to the Fund. During this time, she represented GEPF on the Board of the United Nations Institute for Responsible Investing and the Pan African Infrastructure Development Fund.

In 2010, Ms Ramataboe started consulting in the retirement industry as an independent professional pension trustee and principal officer. She served on various pension fund boards where the Financial Services Conduct Authority appointed her as its representative. These boards included the Impala Provident Fund, Aviation Union SA Provident Fund, and Municipal Councillors Pension Fund. She also sat on the board of Liberty Corporate Umbrella Funds, where she also chaired the Audit Committee. 

Ms Ramataboe was also involved in various other public entities as an Audit Committee and Risk Committee member. She has chaired the risk committee of the Competition Tribunal and that of the Human Sciences Research Council for six years. She served on the Board of Sedibeng Water and chaired the Finance Committee and Magalies’ Water Audit Committee as an independent. Ms Ramataboe is a member of the Treasury Committee of the Legal Practice Fidelity Fund. 

In 2014, the Tshwane University of Technology appointed Ms Ramataboe as a co-opted expert to the Executive Committee of the Council and she also served as the Chair of the Audit Committee until 2019. She is a Chartered Accountant (Lesotho) and holds an MBA from the University of the Free State. She is also a member of the Institute of Risk Management South Africa, the Institute of Directors in Southern Africa and an accredited Associate of the International Institute of Independent Business, UK.

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