Sabvest Limited - Appointment Of New Directors
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003753/06)
Ordinary shares : Share code: SBV ISIN: ZAE000006417
N Ordinary shares: Share code: SVN ISIN: ZAE000012043
("Sabvest")
APPOINTMENT OF NEW DIRECTORS
Sabvest is pleased to advise that Mrs Dawn Mokhobo and Mr Bheki Shongwe have
been appointed independent non-executive directors of the board with effect from
26 October 2005. Mrs Mokhobo will join the Remuneration and Nominations
Committee and Mr Shongwe will join the Audit and Risk Committee.
Mrs Mokhobo, 56, BA (Social Science) is the Chairman and CEO of MBM Change
Agents (Pty) Limited. She is also a director of Massmart Holdings, Nozala
Investments, Engen, Vitalaire and Capacity Outsourcing and is the Chairperson of
the Tsebo Outsourcing Group and Africa International Advisors. Mrs Mokhobo is a
previous recipient of the South African Businesswoman of the Year Award and has
occupied positions on numerous government appointed committees.
Mr Bheki Shongwe, 50, BA (Econ), MBA, ACIS, FCIBM is the Managing Director of
Metropolitan Bus Services (Pty) Ltd. He is also a director of Primedia,
Highveld Steel and Vanadium Corporation, African Bank, African Bank Investments,
Super Group and Air Transport & Navigation Services Limited.
Sandton
26 October 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/10/2005 04:11:29 PM Produced by the JSE SENS Department
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