CVN - Convergenet Holdings Limited - Appointment of non-executive director
CVN
CVN
CVN - Convergenet Holdings Limited - Appointment of non-executive director
CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: CVN ISIN: ZAE000102067
("ConvergeNet" or "the company")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
In compliance with section 3.59 of the Listings Requirements of the JSE
Limited, the board of directors is pleased to announce the appointment of Ms
Lerato Mangope ("Lerato") as a non-executive director with immediate effect.
Lerato holds a Bachelor of Arts in Economics degree from Vista University, and
an MBA from Henley UK. In addition, she has a PDM from the University of
Natal, together with a Diploma in Investments Liability Management from the
University of Johannesburg (formerly RAU). She is presently the head of the
Asset and Liability Management and Corporate Funding ("ALMU") division of the
Industrial Development Corporation of South Africa Limited ("IDC"). In her
present position, she deals with the planning and implementation of the
borrowing plan for the IDC on an annual basis, manages the cost of debt, as
well as managing the tender procurement process relating to the funding of the
IDC and covenants. Previously, Lerato was a Senior Risk Manager with the IDC
for eighteen months where she proactively promoted risk awareness whilst
monitoring and overseeing the management of key risks facing the IDC on the
basis of Enterprise-Wide Risk Management. Lerato also worked as a Risk
Manager for Transnet for seven years where she dealt with the analysis of the
Transnet portfolio, the management and reporting of liquidity reports to the
Strategic Committee, as well as reviewing the Transnet financial instrument
policies.
Johannesburg
10 August 2010
Sponsor
Arcay Moela Sponsors (Pty) Ltd
Date: 10/08/2010 17:23:01 Produced by the JSE SENS Department.
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