The Board comprises Non-Executive and Executive Directors with different skills, professional knowledge and experience, with independent Non-Executive Directors comprising the majority on the Board, ensuring that no individual director has unfettered powers of decision-making.
G P de Kock
Independent Non-Executive Chairman
Deon attended executive programmes at the Business Schools of the Universities of Cape Town and Stanford, California (SEP). He retired in 2004 as managing director of Woolworths Financial Services (Pty) Ltd and as an executive director of Woolworths Holdings Limited. Before that, he was the general manager of the credit card division of Edgars Stores Limited. He is currently operating as an independent consultant in the retail and financial services industries. Deon has been the Acting Chairman of the Mercantile Group since May 2016 and was appointed as the Chairman of the Board of the Mercantile Group, with effect from 24 April 2018.
K R Kumbier
Chief Executive Officer
Karl holds a B. Compt degree from the University of South Africa and a PGDA from the University of Cape Town. He is a Chartered Accountant (SA) and a Chartered Financial Analyst (CFA Institute). Before joining Mercantile, he worked for the Standard Bank group for nine years in various positions, including provincial director: Western Cape, and chief operating officer of Stanbic Bank Ghana Limited. Karl joined Mercantile in 2010 and was appointed as CEO of Mercantile with effect from 1 April 2013. He is also a member of the board and the board executive committee (as the chief executive representing the independent banks) of the Banking Association of South Africa.
M E L Teixeira 
Financial Director 
Emilia holds a BCom (Hons) degree from the University of Pretoria and is a Chartered Accountant (South Africa). Emilia joined Mercantile as the Head of Finance in January 2006 and was promoted to Chief Financial Officer in April 2013. In June 2018, Emilia was appointed as the Group’s Financial Director. She has over 21 years’ experience in the financial services sector and had served as the General Manager: Group Finance and Administration at Sasfin Bank Limited, as the Head of Accounting and Risk Control at Commerzbank AG and as a Senior Bank Supervision Analyst at the South African Reserve Bank, prior to joining Mercantile. Emilia is responsible for the overall Finance, Human Resources, Electronic Services, Treasury and asset and liability management functions with Mercantile.    
R S Calico
Non – executive director, Portuguese
Ricardo holds a degree in Economics from the Nova School of Business and Economics, as well as postgraduate qualifications in Investments and Financial Markets (ISCTE Business School) and Global Asset Management (Harvard Business School). Ricardo has 21 years’ work experience in the financial services industry and has been employed by the CGD group since 2001, where he has held various positions, including Executive Director in the CGD Asset Management Unit, general manager of the CGD New York Branch, and regional general manager of the CGD Grand Cayman Branch. Ricardo joined Mercantile in July 2014 as an Executive Director and a year later, he was appointed Deputy CEO of the Mercantile Group. Ricardo stepped down as the Deputy CEO on 16 June 2018, to take up another executive role within the CGD group but continues with the Mercantile Group in the role of a non-executive director, with effect from 18 June 2018.  

L Hyne
Independent Non-Executive Director

Louis holds a B.Com (Hons) degree and is a Chartered Accountant (SA). He has attended executive programmes at the University of the Witwatersrand’s Graduate School of Business and Stanford University, California. He was appointed as a partner with Deloitte & Touche in 1970 and later became chief operating officer and deputy chairman, from which position he retired in May 2003. He is the non-executive chairman of the Nimble Group (Pty) Ltd and holds directorships with various companies.
A T Ikalafeng
Independent Non-Executive Director

Thebe holds Bsc (Bus Admin) and MBA degrees from Marquette University in the USA and has completed executive development courses in Finance at the University of the Witwatersrand and Harvard Business School. A chartered marketer (CM (SA)), he has held various marketing positions in the USA and Africa. He is the founder of the Brand Leadership Group and Brand Africa. Thebe is a non-executive director of the World Wide Fund for Nature in SA, Car Track Holdings Limited and Brand South Africa; deputy chairman of South African Tourism; and chairman of Brand Finance Africa. He is a member of the Henley Africa Business School and IC Publications advisory boards and he is the founder of Brand Africa 100: Africa’s Best Brands. Thebe has been named one of the 100 most influential Africans by New Africa Magazine.

D R Motsepe
Independent Non-Executive Director

Daphne holds a Baccalareus Rationis degree (upgraded to a B.Compt degree) as well as an MBA from De Montfort University in the United Kingdom. She was the chief executive for card and the unsecured lending cluster at Absa until her retirement in June 2012. Prior to joining Absa, Daphne was managing director of the South African PostBank. She has a long track record in unsecured lending, mass market banking, and SMME finance. She serves as a non-executive director on the boards of Rand Mutual Assurance Limited, Kapela Investment Holdings Limited (and its investee companies XON Holdings (Pty) Ltd, SPX Flow Technology South Africa, and Stonehenge). Daphne is a member of the executive committee of the Consultative Group to Assist the Poor (CGAP), an international organisation headquartered in Washington DC, which promotes responsible and inclusive financial markets. She is also a trustee on the Alexander Forbes Community Trust.

T H Njikizana
Independent Non-Executive Director, Zimbabwean

Independent Non-Executive Director, Zimbabwean Tapiwa is a Chartered Accountant (SA) and his professional career includes international experience in Africa, the United Kingdom, and the Republic of Ireland. He is currently operating as a director of W Consulting, which offers various professional services across Africa, the United Kingdom and Australia. Tapiwa has over 16 years’ experience in public practice. He is a member of the Association for the Advancement of Black Accountants in Southern Africa and sits on various SAICA committees, including the Accounting Practices Committee (since 2007). His industry experience includes financial services, mining, manufacturing, tourism, telecommunications, and transport and logistics. He is a JSE-registered IFRS Adviser.
Group Secretary: T Singh
Registered office
1st Floor
Mercantile Bank
142 West Street Sandton 2146
Sandown 2196
Postal address
PO Box 782699
Sandton 2146