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M Joe Madungandaba

Non-executive Director

Joe Madungandaba studied Commerce at the University of the North, Cranfield School of Management (UK) and at the Wharton Business School (USA).

He is a member of the Institute of Commercial and Financial Accountants of Southern Africa and is a certified public accountant and tax practitioner.

He is the Group CEO of Community Investment Holdings and is appointed on all its subsidiaries’ Boards. He is also a Non-executive Director of public listed companies Distell, Jasco and AfroCentric.

Hannes Boonzaaier

Group Chief Financial Officer

Hannes Boonzaaier completed his articles with KPMG in 1999. During his tenure with KPMG, he gained experience in valuations, due diligence reviews and commercial structuring of business transactions.

He then joined Medscheme as a Financial Manager and over the past 12 years has been involved with Medscheme and the AfroCentric Group in various client operations.

His success in leading Group Finance along with his knowledge of the business culminated in his appointment as the AfroCentric Group Chief Financial Officer effective 1 August 2015.

Ahmed Banderker


Ahmed Banderker, a Chartered Accountant, completed his articles at Fisher Hoffman PKF. Thereafter, he joined Sail Group Ltd as Finance Manager. He then joined Shell in 2003.

He fulfilled various roles within Shell, which saw him leading a diverse team across different countries. In addition, he was also appointed as a board member and shareholder representative in Shell’s subsidiary companies in South Africa.

Ahmed was appointed to the Sanlam Group in November 2006 as Head of Finance at Glacier before taking on the role of Chief Executive: Strategic Business Development in 2011.

Dr. Nomalungelo Nyathi

Managing Executive: Clinical Risk and Advisory

Nomalungelo (Lungi) Nyathi qualified as a Medical Doctor in 2003. She has worked extensively as a medical practitioner, in the private as well as the public sector.

She originally joined Medscheme in 2010 and successfully led the GEMS Managed Care and Aid for Aids business units until 2015. Thereafter, Lungi has been providing strategic and clinical healthcare consulting to key role players in the health sector.

Lungi returned to Medscheme in June 2016 as an Executive Director specialising in Health Management. Lungi is responsible for the ongoing development and enhancement of the health risk management strategy, new products and solutions, clinical and health risk thought leadership, as well as public health strategy.

Aklaaq Mahmood

(BAcc Sci, MBA)
Executive Director: Business Development

Aklaaq Mahmood has more than 18 years’ experience in the healthcare industry. Formerly, he was the Deputy CEO of LA Health Medical Scheme and Principal Officer of ProSano Medical Scheme.

An MBA graduate from the University of Stellenbosch where he received a highest achievement Merit Award for Strategy. Aklaaq began his career in healthcare serving as a trustee on the Board, Audit Committee and Pension Fund of Global Health Medical Scheme.

He has also been a member of various other committees and forums, including Chairperson of the Audit Committee, Risk Committee and Mayoral Performance Evaluation Panel for the City of Cape Town. Aklaaq Mahmood is the director for AfroCentric Group’s Business Development and chairperson of Medscheme Namibia. He is a director for a number of AfroCentric Group subsidiaries. Further responsibilities include the integration of new acquisitions into the Group.

Sello Ernest Mmakau

(MBL, BCom, BA)
Group Chief Information Officer

Sello holds a Master’s of Business Leadership degree, a Bachelor of Arts and a Bachelor of Commerce degree’s with more than 16 years’ experience in the IT and ICT industry, in both the public and private sectors.

Sello brings much needed experience of expertise to the Group. Previously, he held a position of Chief Information Officer at Airports Company South Africa (ACSA) and was Deputy Director General in Home Affairs.

Sello joined the AfroCentric Group Board in November 2016 as Non-Executive Director, where he was a member of the Audit and Risk Committee and ICT Steering Committee. In his new role, Sello will serve as Group Technology Director for AfroCentric Group.

Tim Rametse

(Labour Relations)
Executive Director: Managing Director – AfroCentric Health Solutions

Having studied Labour Law and Tax at the University of Pretoria, Tim was employed in the Employee Benefits Department of the Public Service Commission.

After moving to National Sorghum Breweries, he joined Pretoria Medical Brokers, where he was rapidly promoted to Executive Director of the Healthcare division. He then joined Polmed as the medical scheme’s Chief Operating Officer.

Tim joined Medscheme in 2006 and is currently the Managing Director for AfroCentric Health Solutions, which includes managing the international operations in Mauritius.

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