President Cyril Ramaphosa has appointed Nhlanhla Nene as chairperson of the Financial and Fiscal Commission (FFC) and Malijeng Ngqaleni as its deputy chairperson.

Additionally, Bulelwa Nqadolo, Neo Tsholanku, Andrew Donaldson and Astrid Ludin have been appointed as members of the commission.

The appointments are for a period of five years. The chairperson serves as a full-time member, while the deputy chairperson and the other members serve on a part-time basis, the Presidency says.

The FFC’s primary objective is to make recommendations to Parliament, the provincial legislatures, local government and other organs of State on financial and fiscal matters as envisaged in the Constitution and other national legislation.

Nene is a former Finance Minister and has served as a Member of Parliament, as Finance Deputy Minister and as a member of the Local Organising Committee for the 2010 FIFA World Cup.

Ngqaleni is currently a member of the FFC. She formerly served as National Treasury Intergovernmental Relations deputy director-general, as well as Provincial and Local Government Infrastructure chief director and Provincial Budget and Policy Analysis director.

Nqadolo previously served as Eastern Cape Provincial Treasury Municipal Financial Governance deputy director-general, CFO and chief director, as well as Eastern Cape Financial Administration director.

Further, Tsholanku serves as South African Revenue Service (SARS) Legal Services Head of Corporate. He previously served as SARS Head of Criminal Investigations, and as State-owned utility Eskom Legal and Compliance GM, chief legal adviser and legal team manager.

Tsholanku has served as South African Broadcasting Corporation senior legal adviser, was a practising advocate and has also served as Public Prosecutor.

Donaldson is a University of Cape Town Southern Africa Labour and Development Research Unit senior research associate. He is a former National Treasury deputy director-general responsible for the Budget Office and Public Finance, and served as Government Technical Advisory Centre acting head.

Ludin is president of the International Organisation of Pension Supervisors.

She was a deputy commissioner of regulator the Financial Sector Conduct Authority (FSCA), where she was responsible for oversight over financial markets and retirement fund supervision, as well as the digital transformation of the FSCA.

Additionally, Ludin served as Companies and Intellectual Property Commission Commissioner, as Department of Trade, Industry and Competition deputy director-general, as Competition Commission deputy commissioner and as senior adviser at regulator the Prudential Authority.

Ramaphosa thanked former FFC chairperson Dr Patience Nombeko Mbava for her dedication and expertise during her term of office.