| Thu 24 Apr 2008, 12:00 | | SLM/SLA - Sanlam Limited - Change in nature of dir |
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SLM
SLM
SLM/SLA - Sanlam Limited - Change in nature of directorship
SANLAM LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1959/001562/06)
JSE SHARE CODE: SLM
NSX share code: SLA
ISIN number: ZAE000070660
("Sanlam" or the "Sanlam Group")
Sanlam Limited: Change in nature of directorship
In compliance with section 3.59 (c) of the Listings Requirements of the JSE
Limited, the Board of Directors of Sanlam Limited is pleased to announce the
appointment of Ms Raisibe Morathi (38) as an executive director on the Board of
Sanlam Limited and Sanlam Life Insurance Limited from 1 May 2008. She has been
an independent non-executive director on these Boards since 2006.
As a member of the executive committee of Sanlam Limited, Ms Morathi`s portfolio
as Chief Executive: Group Services will include overall responsibility and
strategic direction of central group services. These include HR, IT, marketing,
communications, public affairs and other centralized group support functions.
Ms Morathi, a Chartered Accountant, spent the last seven years of her career at
the Industrial Development Corporation (IDC) where she held the positions of
Chief Investment Officer, Chief Operating Officer and acting Chief Executive.
She was in that period also seconded as economic advisor to the Presidential
Offices where she was also involved with the Government`s economic strategies.
Prior to the IDC and after completing her articles in 1994, Ms Raisibe was a
project and corporate finance consultant at Nedcor Investment Bank and HSBC
Simpson McKie and a senior manager, private equity, at African Merchant Bank.
Bellville
24 April 2008
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 24/04/2008 12:00:01 Produced by the JSE SENS Department.
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