Members are hereby informed of the following new development: Our Board Chairman, Mr Shahied Daniels, recently accepted a full time position as CEO of the South African Institute of Professional Accountants (SAIPA) with effect from the 21st January 2019. The Board consequently held a Special meeting on the 30th January 2019, which was followed by his resignation from all his positions in IBASA. The Board of Directors, Secretariat and colleagues hereby convey their gratitude to Mr Daniels for his many years of service to the organization, and wish him well in his new endeavour.
As a result, and in line with the applicable governance processes and procedures, the Board appointed long-serving Board Member and current IBASA Deputy Chairman, Mr Musawenkosi Xulu. He has taken over as Interim Chairman and will serve in this capacity until the next AGM in September/October 2019.