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AFP
AFP
AFP - Alexander Forbes Preference Share Investments - Appointment Of Director
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
("AF Pref")
Appointment Of Director
Vuyani Ngalwana appointed as an Independent Director of
Alexander Forbes Equity Holdings (Pty) Limited ("Alexander Forbes")
Alexander Forbes Board of Directors has announced that it has appointed
former Pension Funds Adjudicator Vuyani Ngalwana as an Independent Non-
Executive Board member. Ngalwana assumes the position with effect from 3
November 2008 and will serve on the Group Audit Committee as well as the
Alexander Forbes Financial Services Holdings board and its audit committee.
Ngalwana served for three years as Pension Funds Adjudicator. Prior to 2004
he held the position of deputy director at the Assets Forfeiture Unit. He
joined the Cape Bar in 1997 and served for five years, editing Juta`s Pension
Law Bulletin and adjudicating on numerous income tax matters. He also served
as chairman of the special board for hearing income tax appeals.
Ngalwana currently operates a commercial and constitutional practice as a
member of the Johannesburg Society of Advocates.
Sello Moloko Chairman of the Alexander Forbes Board said, on behalf of the
Board: "We are delighted that Adv Ngalwana has accepted the appointment to
the Alexander Forbes board. He has earned his reputation as a man of
integrity and one who oversaw the country`s pension funds roles and
responsibilities with distinction. He brings to us a wealth of experience
both in the Financial Services sector and in the area of corporate
governance."
Ngalwana said he was pleased to be joining a company that had been making
great strides in its governance and transparency. Commenting on the
appointment he said, "I look forward to working closely with an experienced
and diverse management team to achieve Alexander Forbes` business objectives
and build on the company`s many successes as both a business and corporate
citizen."
28 October 2008
Sandton
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/10/2008 11:38:32 Produced by the JSE SENS Department.
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