CPI
CPI
CPI - Capitec - Appointment on New Chairman
Capitec Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(JSE share code: CPI ISIN: ZAE000035861)
("Capitec")
APPOINTMENT OF NEW CHAIRMAN
Mr Jannie Mouton, non-executive chairman of Capitec and Capitec Bank Limited
("Capitec Bank"), the wholly owned banking subsidiary of Capitec ("the
companies"), has decided to retire as chairman of the boards of the companies
("the boards") at the end of March 2007. The boards have appointed Mr Michiel
le Roux to succeed Mr Mouton effective 1 April 2007.
Mr Mouton will remain on the boards of both companies as a non-executive
director.
Mr Le Roux has 30 years experience in commerce and banking. He was managing
director of Distillers Corporation (SA) Limited from 1979 to 1993 and from 1995
to 1998 managing director of Boland Bank Limited, NBS Boland Limited and BoE
Bank Limited. Mr Le Roux was chief executive officer of the companies from 2001
to 31 March 2004 when he resigned from this position to become a non-executive
director. Mr Le Roux is also a non-executive director of Zeder Investments
Limited.
Stellenbosch
3 April 2007
PSG Capital Limited - Sponsor
Date: 03/04/2007 10:33:49 Produced by the JSE SENS Department.
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