Sexwale appointed chairman of Trans Hex
Trans Hex Group Limited
News release
Sexwale appointed chairman of Trans Hex
(Cape Town 16th August 2002) The appointment of Tokyo Sexwale - one of South
Africa`s most respected businessmen - as chairman of Trans Hex signals the
beginning of an aggressive expansion phase for the niche diamond mining company.
Sexwale has been on the Trans Hex board since 2000 when, through Mvelaphanda
Holdings (Mvela), he facilitated the acquisition of additional land and marine
resources with the purchase of Gem Diamonds and Benguela Concessions.
Outgoing chairman Bernard van Rooyen said : "I am delighted to handover to a man
of Tokyo`s calibre - he has proven to be an astute leader with incredible
vision. He has thrived in the rough and tumble of the uncompromising resource
sector and will be a real asset for the future of the Company."
Sexwale said : "I am honoured. Trans Hex is globally acknowledged as a leader
in alluvial mining. Its reputation for producing some of the world`s most
sought-after conflict-free gem-quality diamonds separates it as a star
performer."
"These successes have been due to the quality and dedication of the people
within the Company and I intend to bring the leadership required to maintain
this winning culture."
Sexwale added that Trans Hex was in an advanced stage of negotiations to secure
additional resources both within and outside South Africa and that an
announcement would be made in the near future.
Van Rooyen, who has been on the Trans Hex board since 1993, will remain and take
over the deputy chairman mantle.
"We are at an exciting juncture," said Sexwale. "Our absolute commitment to
meaningful empowerment measures within the Company ensures that we are well-
placed to take advantage of the changing marketplace."
Ends.
Editors note:
Mvelaphanda Holdings has a diverse shareholder base which includes; the Women`s
Development Bank Investment Holding Company (representing a trust that provides
loans to historically disadvantaged rural women); the Makana Investment Company
(which represents 10 000 former political prisoners); the Mabutho Investment
Company (which represents 60 000 former Umkhonto I`Sizwe veterans and their
dependants); and the Steve Biko Foundation.
For further information : Bernard van Rooyen - 082 659 1421
Calvyn Gardner - 021 937 2000
Issued by Cullum Johnston
BHA Communications
021 683 2685 / 083 212 2455
Date: 16/08/2002 03:47:07 PM Produced by the JSE SENS Department
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