AFRICAN PHOENIX INVESTMENTS LIMITED - Change to the Board of Directors Appointment of Chief Executive Officer
AXL AXLP 201802010076A
Change to the Board of Directors – Appointment of Chief Executive Officer
AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1946/021193/06)
Ordinary share code: AXL ISIN: ZAE000030060
Hybrid instrument code: AXLP ISIN: ZAE000065215
(“Phoenix” or “the Company”)
CHANGE TO THE BOARD OF DIRECTORS – APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Further to the announcement released on SENS on 1 December 2017 and in compliance with paragraph
3.59 of the Listings Requirements of JSE Limited, the board of directors of Phoenix (“the Board”) is pleased
to notify its shareholders that Mr Siyabonga Nhlumayo (“Siya”) has been appointed as Chief Executive
Officer of the Company with effect from 1 March 2018.
Siya graduated from the University of Cape Town with a Post Graduate Diploma in Accounting in 2001,
whereafter he commenced his articles at PricewaterhouseCoopers and qualified as a Chartered Accountant.
He then spent two and half years at PricewaterhouseCoopers Transaction Services where he advised on a
wide range of transactions.
Siya joins Phoenix from Medu Capital, a black-owned Private Equity firm where he was a Partner and
responsible for strategic development, investment execution and management. He sits on various Medu
Capital portfolio company boards and sub-committees and is a board member and treasurer of the South
African Venture Capital & Private Equity Association (SAVCA).
The Board welcomes Siya and looks forward to his contribution to the Company.
Johannesburg
1 February 2018
Sponsor
Merchantec Capital
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