| Thu 5 Feb 2009, 12:00 | | ABK - African Brick - Changes To The Board Of Directors |
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ABK
ABK
ABK - African Brick - Changes To The Board Of Directors
AFRICAN BRICK CENTRE LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1999/006214/06)
Share code: ABK ISIN: ZAE000105169
("African Brick" or "the company")
CHANGES to the board of directors
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
notice is hereby given that Dr B van Graan and Messrs B Reyneke, T C Meyer, J M
de Wet have resigned as directors of the company with effect from 30 January
2009.
Effective on the same date are the appointments of Mr Sizwe Tati as Chairperson,
Dr Len Konar as Deputy Chairperson, Mr Chris Strydom as Chief Executive Officer,
Mr Burgert Blom as Financial Director and Mr Hugo Knoetze as non-executive
director.
Sizwe Tati is the Co-Chairperson of the Yakani Group and has extensive
leadership and management expertise, having served as Deputy Managing Director
of Get Ahead Foundation, Managing Director of Khula Enterprise Finance and
Managing Executive of ABSA Vehicle Asset and Finance and ABSA Small Business.
He holds a B.Com degree, post graduate diplomas in Management and Company
Directing and the Senior Executive Programme from Harvard Business School. In
addition, he holds board memberships of the Gauteng Gambling Board and the
National Housing Finance Corporation.
Dr Len Konar is a director of various major listed and unlisted companies, both
locally and internationally, including Sappi, Steinhoff International, Old
Mutual, JD Group, Exarro Resources, Illovo Sugar, Macsteel International,
Makalani and Mustek. His specialist experience is in Corporate Governance, Risk
Management, Compliance, Internal Audit and Technical Accounting and Audit
Issues. Amongst his many professional qualifications, he holds a Doctorate in
Commerce and is a past Professor and Head of the Department of Accountancy at
the University of Durban-Westville.
Chris Strydom has held various senior banking positions throughout his career
and retired in 2007 as a General Manager at ABSA. He holds a BCom degree and has
completed a number of international post graduate courses. His specialist
experience covers Structured Finance, Foreign Exchange, Money Market, Asset
Based Finance, Credit and Financing Joint Ventures.
Burgert Blom holds a BCompt (Hons) CA (SA) and has spent his career in banking
and financial services where he specialised in Financial Analysis, Credit and
Risk Management.
Hugo Knoetze is the Group Chief Executive Officer of the Yakani Group and has
vast experience in Banking, Finance and Operational Management. He holds a BCom
(Hons), MBA, Adv. Cert. (Corp. Finance) and has specialist knowledge in Mergers
& Acquisitions and Strategy and Operations.
Mr Beno van Graan has stepped down as CEO of African Brick and will continue as
an executive director, specifically responsible for the Eastern Cape operations.
Dr Oni van Graan has resigned as Chairman after a career of more than 40 years
with the company. The Board wishes to thank him for his outstanding contribution
to the company during his life long career with African Brick.
Finally, the Board announces that D Arvanitis & Co. have resigned as company
secretaries to the company and Premium Corporate Consulting Services (Pty)
Limited has been appointed as company secretary, effective 1 February 2009.
Johannesburg
5 February 2009
Designated Advisor
PSG Capital (Pty) Ltd
Date: 05/02/2009 12:00:01 Produced by the JSE SENS Department.
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