THEBE FINANCIAL SERVICES LIMITED
Thebe Financial Services has announced that its CEO, Litha Nyhonyha, has
resigned and will leave the company on 31 March. Mr Nyhonyha has been with the
Thebe Group for eight years.
When FBC, which was a 50% subsidiary of Thebe Financial Services, went into
curatorship in October 1999, Mr Nyhonyha's efforts were focused on finding a
solution for FBC that would take the company forward as a viable banking
entity. In October 2000, FBC came out of curatorship after an agreement had
been reached with Nedcor. After achieving this objective, Mr Nyhonyha came to
the conclusion that it was opportune for him to leave the Group and pursue his
own entrepreneurial interests.
Vusi Khanyile, deputy chairman of Thebe financial Services said, "Over the last
8 years Mr Nyhonyha has made a sterling contribution to the success of the
group and we wish him every success in his future endeavours."
Ends
Issued by: Viccy Baker, Simeka TWS Communications, 082 - 8560242
On behalf of: Thebe Financial Services
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