Nxasana‚ a chartered accountant‚ is chairman of the National Student Financial Aid Scheme. Against the backdrop of widespread student protests demanding #FeesMustFall‚ he is looking at how to change the NSFAS funding policy to a financial aid structure where poor students receive fee-free education to a level that the government‚ working together with the private sector‚ can afford.
FirstRand said it believed Jardine has the necessary business insight and leadership skills to chair the board going forward.
Prior to joining the FirstRand Limited board in 2010‚ Jardine served on the FirstRand Bank board for six years. He was appointed chairman of the Directors Affairs and Governance Committee in 2007 and has been a member of the Large Exposures Committee since 2004.
The FirstRand board thanked Dippenaar "for his long and distinguished service to the group". He was one of the founding members of FirstRand‚ served as group CEO from the creation of FirstRand in 1998 until he stepped down in 2005. He was appointed as non-executive chairman in 2008 and‚ in total‚ has been a member of the FirstRand Limited board for 19 years.