CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY - city of johannesburg- change of management: appointment of group head- treasury and financial strategy

city of johannesburg- change of management:
appointment of group head- treasury and financial strategy

CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY

(a municipality as described in section 2 of the Local Government Municipal Systems Act, 2000, duly

established in terms of Notice No. 6766, promulgated in the Provincial Gazette Extraordinary of 1

October 2000 in terms of section 12(1) read with section 14(2) of the Local Government : Municipal

Structures Act, 1998, as amended)

Issuer Bond Code: BIJHB

Bond Code: COJ05
ISIN No: ZAG000054339

Bond Code: COJ07
ISIN No: ZAG000085044

Bond Code: COJ08
ISIN No: ZAG000137571

Bond Code: COJG01
ISIN No: ZAG000116708

CHANGE OF MANAGEMENT:

Appointment of Group Head: Treasury and Financial Strategy

The City of Johannesburg Municipality is pleased to announce that Mr Sinovuyo Mpakama has been
appointed to the position of Group Head: Treasury and Financial Strategy, effective from 01 October
2018.

His primary responsibilities in the municipality entail safeguarding and accounting for the City’s financial

assets, which includes all Cash Management, Debt Management, Investment Management and Risk

Management activities. Additional responsibilities include developing the City’s financial forecasting

processes as well as providing strategic guidance and support to the Group Chief Financial Officer.


Prior to joining the municipality, Mr Mpakama served as Senior Manager responsible for the long-term

funding program of government at National Treasury where he led the team responsible for financing

government’s gross borrowing requirement through the issuance of government debt securities in the

domestic and international capital markets. Further duties at National Treasury included managing

national government debt optimally, contributing to the development of the domestic capital market,

broadening the investor base by developing and maintaining relations with key institutional investors in

fixed income markets and effectively managing relationships with banking partners and counterparties.
Mr Mpakama holds a Master of Commerce degree in Finance from the University of the Witwatersrand,

a Bachelor of Commerce (Hons) degree in Finance from the University of Cape Town, and a Bachelor

of Economics degree from the University of Fort Hare. He has over 10 years’ capital markets

experience, during which period he has gained expertise in Treasury Management, Capital Markets,

Funding and Liquidity Management, Financial Risk Management and Investment Management. He

joined National Treasury in December 2013 after spending six years in the private sector, initially with

the Nedbank Group and subsequently at Liberty Life Group.


He brings a wealth of knowledge and experience and his expertise in treasury and financial
management will strengthen the City’s management team.

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment banking division)

09 October 2018

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