African Bank Investments Limited
Media Release
16 May 2001
RESIGNATION OF FANI TITI AS ABIL DIRECTOR
The Board of Directors of African Bank Investments Limited (ABIL) wishes to
announce the resignation of Mr Fani Titi as Executive Director of ABIL with
effect from 1 June 2001. Mr Titi leaves the group after approximately two
years of service to pursue a personal business initiative.
"I am pleased to have been part of the team that implemented the integration
of the different operations into African Bank, and transformed the business
from a predominantly payroll lender to a retail lender. A strong foundation
for future growth has been laid," said Mr Titi.
ABIL has agreed with Mr Titi to collaborate around certain business
ventures, which may include different aspects of empowerment positioning for
any of the ABIL group of companies.
Ms Lydia du Plessis, who joined the company recently to work with Mr Titi on
Investor Relations, will now take full responsibility for the portfolio.
Leon Kirkinis, CEO of ABIL, thanked Mr Fani Titi for his contribution to the
business. "Fani has played an important role in establishing an excellent
relationship with the investment community during a time of immense change
in our industry. We look forward to continuing a mutually beneficial working
relationship with him."
Ends
Issued by: African Bank Media Relations
Tel: (011) 256-9080 or 082 441 8951/082 453 2070
For more information, please contact:
Leon Kirkinis or Fani Titi
(011) 256-9240 (011) 256-9244
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