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RAR
RAR
RAR - Rare Holdings Limited - Changes to the board
RARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2002/025247/06)
Share code: RAR ISIN: ZAE000092714
("Rare")
changes to the board
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
notice is hereby given that Ms Sibongile (Bongi) Masinga and Mr Abel Zolile
Dlamini have been appointed as non-executive directors of the company with
effect from Thursday, 5 June 2008.
Bongi holds a Bachelor of Commerce degree with majors in accounting and
financial management and completed the USA-SA Leadership and Entrepreneurship
Programme, at the Wharton School of Business in the United States. She has
been instrumental in numerous investments in the financial services sector
including the pioneering of "early" BEE transactions. Bongi currently
serves as the Chief Executive Officer and is one of the founding members
of Afropulse Group, a women-led investment and corporate advisory house
established in 2006 to create a sustainable and meaningful contribution to
corporate South Africa.
Abel is a Chartered Accountant and the Chief Executive Officer of Sekela
Consulting. He was instrumental in the successful turnaround of 2 government
parastatals in the North West Province to profitability and has been actively
involved in the training of financial management skills for the government in
the North West province. Abel has also monitored over 225 projects in terms of
the National Social Development Project Fund for poverty alleviation and
successfully set up various audit committees for amongst others the University
of Durban-Westville, the Medical Research Council of Southern Africa and the
South African National Biodiversity Institution.
The new appointments further strengthen Rare`s board in terms of the King
recommendations in that both new directors are non-executive and independent.
Shareholders are also advised that Mr Shams Pather has resigned as non-executive
director of the company with effect from Thursday, 5 June 2008 due to personal
reasons. The board wishes to thank Mr Pather for his outstanding contribution
over many years and wishes him well for the future
Johannesburg
6 June 2008
Sponsor
PSG Capital (Pty) Ltd
Date: 06/06/2008 15:32:01 Produced by the JSE SENS Department.
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