ITR: INTERTRADING LIMITED
Intertrading Limited
(Registration Number: 1987/004777/06)
Share Code: ITR
ISIN Code: ZAE 000015566
("Intertrading")
Announcement
In accordance with the requirements of paragraph 3.67 of the JSE Listing
Requirements, The Board of Intertrading would like to announce that Mr Theo
Swart had accepted an invitation to become Chairman from 1st March 2002. Mr
Swart (66) was Chairman and Managing Director of Mc Carthy Motor Holdings
Ltd. till 1995 when he retired after many years of service. Mr Swart was
also inter-alia Chairman of First National Bank Kwa-Zulu Natal and retired
from the Bank in 2000.
The Board further announced that Dr Phillip Deetlefs (74) has decided to
retire from the end of February this year at the conclusion of his four-year
term as Chairman. The Board expressed its strong appreciation of Dr
Deetlef's contribution and wise counsel. During his time as Chairman,
Intertrading increased headline earnings per share by a compounded 46% per
annum.
Sponsor to Intertrading Limited
Appleton Securities Logo
18 February 2002
Source: JSE NEWS SERVICE
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