Smit taking charge of Sharks
South Africa's most capped rugby player is set to become chief executive of the Sharks, the Mercury newspaper reported on Wednesday.
The Durban morning daily reported that "top sources" had confirmed that "it is fait accompli" that Smit would take over from the current chief executive Brian van Zyl.
Van Zyl is due to retire in February.
According to the report Smit's appointment would be ratified at a Sharks council meeting on Monday.
Smit, who currently plays for British club Saracens, is the most capped Springbok in history with 111 caps and captained the national team a record 83 times.