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Wed 23 Jan 2008, 15:29 AFP - Alexander Forbes Preference Share Investments - Management Changes
AFP
 AFP                                                                             
AFP - Alexander Forbes Preference Share Investments - Management Changes        
                                       Announced At Alexander Forbes            
News release                                                                    
Alexander Forbes Preference Share Investments Limited                           
(Formerly Micawber 515 (Proprietary) Limited)                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/031561/06)                                            
Share code: AFP & ISIN number: ZAE000098067                                     
NEWS RELEASE FROM ALEXANDER FORBES                                              
MANAGEMENT CHANGES ANNOUNCED AT ALEXANDER FORBES                                
Alexander Forbes has today announced the appointment of Nomkhita Nqweni as      
Managing Director of the Alexander Forbes Financial Services Division with      
effect from 1 March 2008. Incumbent Howard Walker assumes the Group`s Head of   
Strategy and Development position.                                              
Nqweni, who holds a BSc degree from Rhodes University and a Post Graduate       
Diploma in Investment Management from RAU has been Deputy Managing Director in  
the business since May 2007, where she has demonstrated considerable enthusiasm 
and leadership, according to CEO Bruce Campbell.                                
"Nomkhita`s experience exemplifies our client-centric focus. Her knowledge and  
commitment will inspire her teams to continue delivering products and solutions 
of the highest standard, further entrenching our business as the industry       
leader," said Campbell.                                                         
Prior to this appointment, Nqweni held other senior management positions in the 
Alexander Forbes Group. At Investment Solutions she was responsible for Business
Development and helped develop strategy at Group level.                         
Campbell said Howard Walker will assist Nqweni with the transition into the new 
financial year.  "Howard has a wealth of experience in many facets of our       
business and I am very excited with his appointment.  He will work closely with 
me to assist in achieving the substantial growth objectives of Alexander        
Forbes."                                                                        
23 January 2008                                                                 
Issued by:     FDBeachhead                                                      
              Jennifer Cohen 011 214 2401 / 082 468 6469                        
Further info:  Bruce Campbell 083 327 6155                                      
              Nomkhita Nqweni 082 901 7582                                      
Howard Walker 083 259 0429                                        
Sponsor:                                                                        
Rand Merchant Bank (A division of FirstRand Bank Limited)                       
Date: 23/01/2008 15:29:01 Produced by the JSE SENS Department.                  
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