The Old Mutual Education Trust (OMET) is thrilled to announce the appointment of Thakane Setsabi-Mushonga as its new Chairperson, effective 1 April 2025. Thakane succeeds Clarence Nethengwe, who stepped down from the role as part of his transition to assume the position of CEO at Old Mutual Bank.
Known for her strong leadership and business acumen, Thakane has been an integral part of Old Mutual for 15 years, serving in diverse roles across both the retail and corporate segments. Currently, she is the General Manager for Customer Solutions within Old Mutual’s Retail Mass Market.
Thakane is a qualified Actuary with over 20 years’ experience in the financial sector. She was one of the first actuaries globally to attain the Chartered Enterprise Risk Actuary qualification through the Faculty and Institute of Actuaries. Her academic accomplishments include a BBusSc (Honours) degree in Finance & Actuarial Science and General Management qualification from the Gordon Institute of Business Science. Furthermore, she has also completed a prestigious Global Leadership Programme at the London Business School.
The OMET Board unanimously decided at their board meeting on 1 April to appoint Thakane as the chairperson. She is the first female chairperson since OMET was formed 20 years ago. She will be responsible for ensuring that the Board delivers on its mandate to provide governance and oversight of OMET. In addition to her new role, Thakane chairs the OMET Investment Committee, with the primary focus being the sustainability of the Trust.
The Old Mutual Education Trust (OMET) was founded in April 2005 by Old Mutual as part of a B-BBEE transaction with ten unions with whom Old Mutual has a business relationship. The scholarship is open to all members, staff, and dependants of the ten participating unions.
For more information about the scholarship programme email OMETApplications@oldmutual.com or visit www.oldmutual.co.za/careers/old-mutual-education-trust/
