| Thu 24 May 2012, 13:00 | | ADW - African Dawn Capital Limited - Appointment of an executive director |
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ADW
ADW
ADW - African Dawn Capital Limited - Appointment of an executive director
AFRICAN DAWN CAPITAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/020520/06)
JSE Code: ADW
ISIN: ZAE000060703
("Afdawn" or "The company")
APPOINTMENT TO THE BOARD OF DIRECTORS
In terms of paragraph 3.59 of the JSE Limited`s Listings Requirements, the
board of Afdawn is pleased to advise that Dr G E (Eddie) Stoop has been
appointed as an executive director of the company with effect from 23 May
2012.
Eddie is an Industrial Psychologist with a Doctorate in Business
Administration. His experience of more than 27 years was gained in numerous
industries including Insurance, Engineering, Retail and Education.
Before joining Elite Group (now a wholly owned subsidiary of Afdawn) in 1999
he was involved at UNISA SBL as lecturer and consultant, focusing on new
academic products for the changing South African market.
Eddie is currently the Chief Executive Officer of Elite Group. During his
time in the Micro Finance environment he was the Key note speaker at
BANKSETA`s opening of the Micro Finance Skills Projects and part of the NCR
fact finding group on the new credit act. He revolutionized Elite`s product
offering through the introduction of a dynamic all inclusive Centralized
Processing Centre, offering products to clients nationwide at the press of a
button.
He introduced the company to new products such as Incremental, Rescue and
Consolidation finance and established an integrated, system driven,
collection process in the company and, more recently, Elite Medical Finance,
a product developed during the past 18 months, offering a unique practice
administration system to medical practitioners.
24 May 2012
Johannesburg
Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 24/05/2012 13:00:01 Produced by the JSE SENS Department.
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