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2025 tilman friedrich bannerContributed by Tilman Friedrich, Director: RFS Fund Administrator

 
In the talk I dwelled on in Benchtest 11.2025, Brand Pretorius distils a lifetime of leadership experience into one simple truth: leadership is a privilege of service, not a platform for power. He reminds us that authentic leaders derive authority not from title or position, but from moral credibility — the trust they earn by putting people first.

This message resonates far beyond the corporate world. It speaks directly to those who hold public office, supervisors, regulators, and enforcers of the law, whose mandates exist to protect and uplift the very stakeholders they regulate. In the pensions industry, this includes members, funds, trustees, and service providers, all of whom depend on a regulator that leads with integrity, empathy, and fairness.

Too often, however, public authorities lose sight of their founding purpose. Bureaucratic reflexes replace dialogue; procedure overshadows proportionality. When a regulator’s interactions are perceived as punitive rather than constructive, or when unilateral directives replace consultation, trust erodes. Oversight without service becomes oppression in disguise.

Pretorius’s notion of servant leadership offers a necessary corrective. Just as he believed a CEO should see his employees as partners in purpose, so too should regulators see their stakeholders not as subjects of control, but as collaborators in a shared mission — to safeguard retirement security and sustain confidence in the financial system.

The difference between serving authority and authoritative service lies not in function, but in attitude. A regulator that listens, explains, engages and yields to other views earns far more compliance than one that commands.

Parallels Between Corporate Leadership and Public Service.
 
Dimension Corporate Servant
Leadership (Brand
Pretorius)
Public Sector / Regulatory
Application
(NAMFISA and others)
Purpose Enable employees to perform and grow. Empower funds and trustees to fulfil fiduciary duties effectively.
Authority base Moral credibility earned through integrity. Statutory authority legitimised through fairness and transparency.
Decision-making Guided by values and empathy. Guided by law and proportional discretion.
Stakeholder relationship Partnership and mutual respect. Collaboration with industry stakeholders for shared outcomes.
Ultimate goal Sustainable success through people. Sustainable compliance and trust in the regulatory system.
“Leadership is about service, not status.” — Brand Pretorius, “In the Driving Seat”

Oversight must be exercised with stakeholders, not over them.

Pretorius suggests that “Leadership is about service, not status.” The same must hold for public institutions whose legitimacy rests not on the coercive power of legislation, but on the voluntary trust of those they oversee. For Namibia’s pensions industry to flourish, regulators must embrace the mantle of servant leadership, firm in purpose, but humble in service.

 

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