SKJ - Sekunjalo - Change to the group structure and board appointments
SKJ
SKJ
SKJ - Sekunjalo - Change to the group structure and board appointments
SEKUNJALO INVESTMENTS LIMITED
Registration number 1996/006093/06
(Incorporated in the Republic of South Africa)
ISIN: ZAE000017893
JSE Code: SKJ
("Sekunjalo" or "the company" or "the Group")
CHANGE TO THE GROUP STRUCTURE AND BOARD APPOINTMENTS AT SEKUNJALO INVESTMENTS
LIMITED
The board of Sekunjalo has implemented major restructuring of the Group and
its business units in the last 6 months. This restructuring has seen the
company dis-establish the corporate head office and becoming a decentralized
investment holding company with subsidiary business units operating
autonomously.
This change has necessitated a review of the structure at the executive
corporate level. In terms of the restructure, the position of Group CEO is dis-
established and Mr Mohamed Kajee will leave the Group to pursue his personal
interests. However, Mr Kajee will continue to be part of the Sekunjalo Group
in an advisory capacity and will represent Sekunjalo Investment Holdings (Pty)
Ltd, the largest shareholder of Sekunjalo Investments Limited on the board of
Sekunjalo Investments Limited as a non-executive director. This change is
effective as of 9 April 2009.
Cape Town
14 April 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/04/2009 14:18:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
