| Mon 25 Jan 2010, 15:58 | | SAN - Sanyati - Changes To The Board Of Directors |
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SAN
SAN
SAN - Sanyati - Changes To The Board Of Directors
SANYATI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/002538/06)
JSE Share code: SAN ISIN: ZAE000081055
("Sanyati" or the Company)
CHANGES TO THE BOARD OF DIRECTORS
In compliance with Section 3.59 of the Listing Requirements of the JSE
Limited, Sanyati shareholders are hereby notified of the following changes to
the board of directors:
Further to the announcement released on SENS on Tuesday, 19 January 2010,
regarding the restructuring of the Sanyati Board, Sanyati is pleased to
announce the appointments of Zohra Ebrahim as the Independent Non-Executive
Chairperson and Lesibana Fosu as an Independent Non-Executive Director,
effective today. Lesibana has also been appointed as the Chairperson of the
Audit Committee.
Moses Sangweni has resigned as a director from the board of directors of the
listed company, as a result of his new assignment to a portfolio comprising
business development and human resources within the Sanyati Coastals
Division.
Zohra Ebrahim currently chairs the Social Housing Company (SOHCO) where she
was awarded the Govan Mbeki Award for excellence in both the provincial and
national categories in November 2009. Zohra has also been the recipient of
numerous awards for professional excellence. She is a fellow of the SA
Institute of People Management and a member of the Institute of Directors
(SA). She also chairs Organisation Development Africa (ODA), a niche
strategic management and public sector consultancy, which she joined in 2003.
From November 1999, Zohra was a non-executive director of Edcon and was
Deputy Chairman of the group and Chairman of the Remuneration Committee at
the time of its purchase by Bain Capital in May 2007. She was also a member
of the Edcon Transformation Committee and continues to be a trustee of their
staff empowerment scheme. In July 2007, Bain Capital invited her to be an
Independent Director of the new holding company of Edcon. She continues to
chair both the Edcon Remuneration as well as the Transformation Committee.
She has also been a director of Fifth Quadrant Actuaries and Consultants
since 2002 and chairs their Remuneration Committee.
Lesibana Fosu is a CA (SA) and articled at PricewaterhouseCoopers. In March
2009 Lesibana started Shikamoo Consulting Projects, a business offering a
range of financial and process re-engineering, services. Prior to this she
was the Group Financial Director of Phambili Dismed Group and the Chief
Financial Officer of Sulzer Pumps (South Africa), a subsidiary of Sulzer
Pumps AG (Switzerland). Lesibana also worked as a senior finance manager in
the Department of Minerals and Energy. Lesibana currently serves as a member
of both the Audit and Risk committees of the National Treasury. In addition
she is the Audit committee chairperson of the Limpopo provincial government.
Durban
25 January 2010
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Date: 25/01/2010 15:58:01 Produced by the JSE SENS Department.
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