NON-EXECUTIVE COMMITTEE MEMBER: LEGAL ADVISORY EXPERT X2

NON-EXECUTIVE COMMITTEE MEMBER: LEGAL ADVISORY EXPERT X2 SALARY: MARKET RELATED PERIOD: 5 YEARS The KwaZulu-Natal Growth Fund Agency (KZNGFA) is a Public Enterprise Entity established in terms of section 3(1) of the KZNGFA Act, based in Durban, reporting to the KZN Department of Economic Development, Tourism and Environmental Affairs (EDTEA). The strategic objective of the KZNGFA is to provide support for creating an enabling environment for activities that create jobs and accelerate the economic development of KZN, whilst promoting Broad-Based Black Economic Empowerment (B-BBEE). The KZN Growth Fund Agency (KZNGFA) is a purpose-driven public enterprise committed to promoting sustainable and inclusive economic growth within KwaZulu-Natal. Through strategic investments, project financing, and strategic partnerships, the Agency contributes to economic development, job creation, and long-term social impact. To strengthen its legal governance and oversight capabilities, the KZNGFA seeks to appoint an Independent Committee Member with Legal Expertise. The appointed Committee Member will provide independent legal oversight, strategic guidance, and advice to the Board Committees. Purpose of the Role • The Committee Member (legal expert) will provide oversight to the Board Committees, supporting effective decision-making, sound legal governance, regulatory compliance, and risk management. • The successful candidate may be required to serve on one or more Board Committees, including the Human Resources and Remuneration Committee (HREC), the Investment Committee (IC), and the Audit and Risk Committee. • The Committee Member with legal expertise will be entrusted with an independent oversight role in guiding the KZNGFA’s Board Committees in executing its economic development and project finance decisions. • The Committee Member's legal expertise will help safeguard and ensure compliance with legal governance and regulatory projects, mitigate risks, and ensure that funding facilities are both compliant and in the best interest of the KZNGFA. Key Responsibilities The appointed Committee Member will provide oversight and guidance to the Board Committees in the following areas: • Provide oversight of legal governance, regulatory compliance and legal risk matters tabled before the Committees. • Provide oversight of due diligence processes relating to investments, projects and strategic initiatives. Evaluate funding proposals and investment opportunities from a governance, legal and risk oversight perspective. • Assist in identifying, mitigating, and managing legal, regulatory, and reputational risks as presented in the committees. • Promote and uphold sound corporate governance principles and ethical conduct. • Provide input on policy development and regulatory compliance matters that are tabled in board committees. KwaZulu-Natal Growth Fund Agency (KZNGFA) Physical: 3rd Floor South Towers, 4 Arundel Close, Kingsmead Office Park, 2 Kingsmead Boulevard, Stamford Hill, Durban 4001 Postal: P.O. Box 1817, Durban 4001 South Africa Tel: +27 31 372 3720 Fax : +27 31 306 2547 email: [email protected] website: www.kzngrowthfund.co.za Board Members: Mr. J.W. Khanyile (Chairperson)/Dr. U. Roopnarain (Deputy Chairperson)/Mr. B.M. Mhlongo/Dr. S.K. Mpungose/Ms. L. Ngcobo/Dr. S. Ndlovu/Mr. L.M. Sidaki/Mrs. L. Meyer (Acting Chief Executive Officer) Ex officio Mr. M. Dlamini (Acting Chief Financial Officer)/Ms. T.P. Nxumalo (Company Secretary) • Support Board Committees in fulfilling their oversight and advisory responsibilities. • Assist from a governance oversight perspective in monitoring the final project Appraisal Report, project pipeline, due diligence reports for new projects, including legal, regulatory, and contractual reviews. • Provide oversight on funding proposals, Final Appraisal Report, term sheets, and investment agreements to ensure compliance with relevant laws and regulations. • Provide oversight of project finance structures, contracts and partnership arrangements. • Provide governance oversight on proposed project structuring during the post-investment monitoring phase. • Contribute to strategic decision-making at committee level on project prioritization, capital allocation, and long- term investment planning. • Play a collective role with other committee members in ensuring that governance and legislative regulatory best practices are upheld in all committee activities. • Guide committees from an oversight perspective on dispute resolution, compliance frameworks, and stakeholder negotiations. • Add strategic value and apply professional scepticism and assist with legal risk management of the business as tabled in the committees. • Provide collective oversight along with other members on the implementation of efficient and effective business policies, internal controls, etc. Key Requirements and Qualifications • A recognised legal qualification (LLB or equivalent) • Admission as an Attorney or Advocate of the High Court of South Africa • Valid Membership with the Legal Practice Council and Attorneys' Trust Fund. • At least 10 years' cumulative experience serving in executive leadership and/or board-level roles within organisations of comparable size, complexity, and governance requirements, including a minimum of ten (10) years' experience in a State-Owned Development Finance Institution (DFI) or an equivalent public or private institution with comparable governance, investment, and fiduciary responsibilities. • 10 years of experience in Demonstrable experience in one or more of the following areas: o Commercial litigation, arbitration, contract law, corporate governance, o Corporate law and commercial law; o Corporate governance and regulatory compliance; o Project finance; o Infrastructure development; o Development finance; o Public sector governance. • 10 years of experience and the ability to interpret complex legal and financial documents and translate them into actionable insights. • Strategic thinking with the ability to balance legal risk with organisational goals. • Excellent communication and collaboration skills, with the ability to work effectively in a multidisciplinary team. • In-depth knowledge of corporate governance principles, King IV code, Companies Act and managerial best practices • The candidate will not be considered for holding office as a non-executive director if, among others, he/she is an unrehabilitated insolvent, has been convicted of any offence involving dishonesty, fraud or has been sentenced to imprisonment without the option of a fine. Preferred Competencies and Attributes The ideal candidate will demonstrate: • Independence, integrity, and sound judgement. • Strategic thinking and the ability to provide objective advice. • Experience serving on boards, committees, or governance structures. • The ability to interpret complex legal, commercial, governance, and regulatory matters and provide practical recommendations. • Strong interpersonal and relationship management skills. Remuneration and Meeting Commitments The successful candidate will be appointed as an Independent Committee Member and will be remunerated in accordance with the KZNGFA's approved remuneration framework, Board-approved fee structure, and applicable governance policies. The Independent Committee Member will be expected to: • Attend meetings of the Board Committees to which they are appointed. • Participate in special or ad hoc meetings where required. • Review meeting packs, reports, and supporting documentation in preparation for meetings for board sub- committee meetings. • Provide independent legal, governance, compliance, and risk-related advice. The frequency of meetings will be determined by the approved annual Board and Committee workplan and the operational requirements of the Agency. Travel and Related Expenses Reasonable travel, accommodation, and subsistence expenses incurred while attending authorized meetings or carrying out approved committee responsibilities will be reimbursed in accordance with the KZNGFA's Travel and Subsistence Policy and other applicable Agency policies. KZN GROWTH FUND TRUST EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT. Designated group candidates are strongly encouraged to apply. Correspondence will be limited to short-listed candidates. Late applications will not be considered. Email users are requested to set the delivery option on both “return receipt” and “confirm delivery.” If you have not been contacted within 30 days of the closing date of the advertisement, please accept that your application has been unsuccessful. Interested applicants should forward a detailed CV, Motivational Letter, Current Board, Committee or governance appointments, Certified copies of qualifications and ID documents to: [email protected] CLOSING DATE: 18 SEPTEMBER 2026