Capacitating the house for the decade ahead.
Becoming an investment entity of note demands the right people, the right policies and the right standards. We are deliberately building all three.
Leadership
A board, an executive, and a single accountable mandate.
NAFAU Investment is governed by a Board of Directors accountable to the NAFAU Workers Trust as sole shareholder. The Board sets strategy and risk appetite; the executive office translates these into daily decisions.
We are actively strengthening our internal capabilities — recruiting the right skills and roles to support governance, technical analysis and operational management.
Jacob Penda
Non- Executive Director (Board Chairperson)
Rosa Mungandjera
Independent Non-Executive Director (Deputy Board Chairperson)
Aune Emvula
Independent Non-Executive Director
Walter Don
Non-Executive Director
Beauty Wilhelm
Non-Executive Director
Board Audit and Risk Committee Members (BARC)
Rosa Mungandjera
Independent Non-Executive Member (BARC Chairperson)
Beauty Wilhelm
Non-Executive Member
Walter Don
Non-Executive Member
Board Investment Members (BIC)
Aune Emvula
Independent Non-Executive Member (BIC Chairperson)
Walter Don
Non-Executive Member
Beauty Wilhelm
Non-Executive Member
Executive Leadership
Dr Michael Akuupa
Chief Executive Officer
Governance Frameworks
The policies that discipline the house.
A coordinated programme of policy development, sequenced to the strategy. Each framework is owned, drafted and ratified through the Board.
In Force
Memorandum of Incorporation
The constitutional document defining the company’s powers and shareholder rights.
In Force
Investment Due Diligence Guidelines
Standardised process for evaluating new investments — financial, operational and impact lenses.
In Force
Board Charter & Delegation of Authority
Clarifies decision rights between Board, committees and executive management.
In Force
Cash Management Policy
Codifies treasury practice — counterparty limits, instrument eligibility and yield discipline.
In Force
Dividend Policy
Frames sustainable distributions to the NAFAU Workers Trust alongside reinvestment thresholds.
A New Era
Building capacity. Renewing identity.
Building Capacity
We are recruiting the technical, governance and operational skills required to execute a more ambitious strategy.
Rebranding for a New Era
In light of our revised mandate and vision, NAFAU Investment is embarking on a comprehensive rebrand — aligning image and positioning with our identity as a mature, forward-looking asset manager.