Jacob Modise was appointed Chairman and Part-Time Regulator Member of the National Energy Regulator in
South Africa (NERSA) in 2014. He spent nine years as a director on the board of Eskom beginning in 2001 and
was also a director on the board of EDI Holdings. He spent the mid-nineties as a full-time employee at Eskom
heading up the corporate finance unit where he was involved in modelling and analyzing strategic restructuring
initiatives of the sector, major local and international capital investment projects, and international mergers and
Mr. Modise is also involved in associated industries, having been appointed in 2015 by the Minister of Water
and Sanitation as the Deputy Chairman of the Trans-Caledon Tunnel Authority (TCTA), a state owned entity
responsible for local and cross-border bulk water infrastructure, including water supply to energy utilities.
Mr. Modise is an established entrepreneur who has grown Batsomi Investment Holdings, a company he formed
in 1998, from a small company holding hotel interests in South Africa into a well-diversified industrial group with
interests in the industrial, technology, defense, motor, hospitality, power and healthcare industries. The group
has partnered with some of the leading global companies in the various sectors in which it operates and has
been able to add significant value to their local operations.
Mr. Modise’s academic qualifications include a Bachelor of Commerce and a Bachelor of Accountancy from the
University of the Witwatersrand; a Chartered Accountant professional qualification from the South African
Institute of Chartered Accountants and the Public Accountants and Auditors Board; a Masters of Business
Administration from the Wits Business School; Advanced Management Program from Sanford: Global Utilities
Institute; and Advanced Management Programs from Harvard Business School.
In his early career, Mr. Modise was the Chief Executive Officer of the Road Accident Fund, a public entity
providing statutory motor vehicle personal injury insurance, for six years. This followed seven years at Johnnic
Holdings Limited, a telecommunications, media and entertainment group listed on the JSE Securities Exchange,
where he served initially as its Finance Director and later as the Chief Executive Officer. He was Financial
Manager at Teljoy Limited, the then JSE listed television rental and cellular phone service provider; spent two
years as Financial Planning Manager at the JSE Listed mining group, Johannesburg Consolidated Investment
Limited; and three years at the international auditing firm, Deloitte & Touché as an auditor.
He has served on the boards of listed companies including MTN, Altron, Premier Foods, M-Net, SuperSport,
Times Media Limited, Tsogo Sun; regulatory bodies including the Independent Regulatory Board for Auditors
(IRBA) and the South African Institute of Chartered Accountants (SAICA); other state-owned entities including
the Land Bank, Blue-IQ, Automotive Supplier Park and Innovation Hub; and educational institutions including
the Wits Business School Advisory Board (WBS).
Mr. Modise’s current board directorships include ArcelorMittal South Africa. He is a trustee of the Nelson
Mandela Children’s Fund (NMCF).