Mr Masilela is an Independent Non-Executive Director of Sanlam and former Chairman of the Sanlam Board from 2020 to 2024.
Mr Masilela is a distinguished business leader with a career spanning over three decades in significant leadership roles, including serving as the CEO of the Public Investment Corporation, Acting Deputy Director-General of Economic Policy at the South African National Treasury, and Director of Research for the Central Bank of Swaziland.
He has contributed significantly as a member of the boards of the South African Reserve Bank, the Government Employee Pension Fund, the Airports Company SA, and the United Nations Global Compact (UNGC). Until recently, Mr Masilela served as the Commissioner of the National Planning Commission for two terms and as Chair of the National Advisory Board.
Mr Masilela serves as the Chair of DNA Economics, Capital Harvest and Impact Investing South Africa, MultiChoice Group and MultiChoice Holdings and is a member of the boards of STRATE, CA Sales, Alternative Prosperity Holdings, BuMa Consulting as well as BuMa Investment Holdings. He also holds positions on various other boards and governance forums.
Mr Masilela holds a BA degree in Social Sciences from the University of Swaziland, an MSc in Economic Policy and Analysis from Addis Ababa University as well as several professional certificates from Harvard University.