Michiel's appointment as alternate director follows the investment by Rational Expectations in Humanstate. Michiel is a Chairman of Capitec Bank Holdings Limited. He is the Founder of the Group and was Chief Executive Officer of the bank until 2004. Michiel is a Director of Zeder Investments. He was a Managing Director of Distillers Corporation from 1979 to 1993, and from 1995 to 1998. He was a Managing Director of Boland PKS, NBS Boland and BoE Bank.