Payments Association of South Africa

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Our Council

PASA Council is the governing body, accountable for achieving PASA’s objectives ensuring that PASA’s vision, mission and values are implemented and upheld.
Council is responsible for the effective governance of PASA and its structures. It delegates powers to Council Committees to assist it with executing its responsibilities.

The ExCo is responsible for PASA’s day-to-day business management and operations, which includes the execution of strategy and managing risk.
The PASA Constitution mandates the CEO to establish project steering committees to assist with the management and implementation of PASA projects.

PASA’s Council is composed of Councillors drawn from PASA’s Members. While they are appointed by Members, Councillors hold a fiduciary responsibility, meaning they must act independently and objectively, prioritising the best interests of the National Payment System (NPS) with a holistic and inclusive mindset. Consequently, PASA Council bears the crucial responsibility of ensuring an efficient, reliable, and stable payments environment that serves the South African economy and its people as a whole.

PASA Council is comprised of an Independent Chairperson who holds a casting vote, as well as nine Councillors appointed by:

Councillors and the Deputy Chairperson are appointed on a biannual basis from among PASA Members.

At present PASA Council is constituted of the following Councillors:

PASA Council has power and authority to, inter alia:

At present PASA Council is constituted of the following Councillors:

Sydney Gericke

Independent Chair

Joined Council:
August 2018

Qualifications:
BCom (Hons);
MCom;
Advanced Management Programme (INSEAD, France);
Executive Management Programme
(Duke University, USA)

Ingrid Goodspeed

Chairperson

Joined Council:
February 2017

Qualifications:
CD(SA);
LLB;
MBL (Cum Laude);
BCom (Hons)(Economics);
BCom (Accounting and Economics)

Herman Singh

Deputy Chairperson

Joined Council:
May 2021

Qualifications:
BSc (Engineering) Wits;
GDE (Industrial Engineering) (Wits); MBA (Wits Business School)

Fay Mukaddam

Independent Councillor

Joined Council:
June 2023

Qualifications:
LLB University of Durban Westville; BA University of Natal –
Durban Campus;
Advocate of the High Court of SA

Thami Moatshe

Independent Councilor

Joined Council:
June 2023

Qualifications:
MBA;
MMFI;
PMP;
BCom (Hons)

Ghita Erling

Ex Officio Councillor – Chief Executive Officer

Joined Council:
November 2020

Qualifications:
MSC (Eng);
BSc (Cum Laude);
Executive Development Programme (Wits);
Dip (ABRSM)

Tim Masela

SARB Ex Officio Councillor

Joined Council:
August 2012

Qualifications:
MCom;
Bcom;
Graduate Diploma in Computer Audit;
Senior Executive Programme (Harvard)

Shaun Rayfield

SARB Ex Officio Alternate Councillor

Joined Council:
October 2018

Qualifications:
Bcom Money and Banking

Charl Smedley

*Absa Bank appointed Councillor

Joined Council:
August 2020

Qualifications:
Strategic Project Management (Unisa); Graduate Diploma in Marketing Management; Certificate in Marketing Management
*Until October 2023

Richard Stocken

Absa Bank appointed Councillor

Joined Council:
December 2023

Qualifications:
BSC Chemical Engineering (UKZN); MSC Industrial Engineering (Wits)

Gabriella Teixeira

Absa Bank appointed Alternate Councillor

Joined Council:
May 2018

Qualifications:
Bcom (Distinction);
Green Belt Lean Six Sigma; Financial Market Instruments; Executive Leadership Diploma (Gibs)

Jill Murtagh

Bidvest Bank appointed Councillor

Joined Council:
March 2015

Qualifications:
Associate Diploma in Banking;
Advanced Diploma in Banking;
Project Management Diploma

 

Nolwazi Dlamini

*Bidvest Bank appointed Alternate Councillor

Joined Council:
June 2022

Qualifications:
PDBA;
Risk Management (Unisa);
B Tech (International Audit)
Until June 2023

 

Busi Radebe

Capitec Bank appointed Councillor

Joined Council:
May 2022

Qualifications:
Postgraduate Certificate in AI and Machine Learning; MBA; BSc Electro-Mechanical Engineering; National Diploma Metalliferous Mining

Marthinus Janse Van Rensburg

Capitec Bank appointed Alternate Councillor

Joined Council:
April 2009

Qualifications:
BCom;
LLB

Megan Brown

First Rand Bank appointed Councillor

Joined Council:
February 2017

Qualifications:
CA(SA); CFA;
Postgraduate Diploma in Accounting (UCT);
BA Business Science (Finance) (Hons) (UCT)

 

Boitumelo Legabe

First Rand Bank appointed Alternate Councillor

Joined Council:
February 2024

Qualifications:
BCom (Hons) – BM (Unisa)

John Elliott

Investec Bank appointed Councillor

Joined Council:
October 2018

Qualifications:
BBusSc (Hons)

Gerald Byleveld

Investec Bank appointed Alternate Councillor

Joined Council:
September 2022

Qualifications:
Fellow-Association of Chartered Certified Accountants (UK); Certified Anti-Money Laundering Specialist (ACAMS);
MBA (Cum Laude);
Certified Internal Auditor (Institute of Internal Auditors)

Ian Carter

Nedbank appointed Councillor

Joined Council:
February 2014

Qualifications:
BCom Financial Management (University of KwaZulu-Natal); Asset and Liability Management (INSEAD);
International Executive Development Programme (Wits Business School)

Marijke Guest

Nedbank appointed Alternate Councillor

Joined Council:
October 2018

Qualifications:
MBA

 

 

John Anderson

Standard Bank appointed Councillor

Joined Council:
October 2018

Qualifications:
Bcom;
Master of Business Administration (MBA) (Henley Business School)

 

 

Rufaida Hamilton

Standard Bank appointed Alternate Councillor

Joined Council:
September 2009

Qualifications:
BCom (Hons);
LLB;
BA;
Harvard Business School Alumna

 

 

COUNCIL COMMITTEES

In line with the King lV requirements PASA Council has a number of supporting committees.

PASA Council uses four permanent Council Committees comprising Councillors with experience or expertise in these fields to assist the governing body in effectively fulfilling its responsibilities.

Council Committees have formal constitutions and are adequately and effectively mandated to assist PASA Council in executing its responsibilities.

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