The Afrikander Lease Limited - Changes To The Board Of Directors Of Aflease
The Afrikander Lease Limited
(Incorporated in the Republic of South Africa)
AFL (JSE) AFKDY (NASDAQ)
(Registration number 1921/006955/06)
(`Aflease`)
(ISIN Number : ZAE000000253 Share Code : AFL)
CHANGES TO THE BOARD OF DIRECTORS OF AFLEASE
Aflease is pleased to advise that Mrs Thuthukile Skweyiya, Mr Lunga Ncwana and
Mr Kazunori Yoshimura have accepted appointments as Non Executive Directors with
effect from 1 October 2004.
In addition Mrs. Skweyiya will also assume the position of Chairperson of the
Board, replacing, Mr. Jean Nortier, the previous Chairman, who will remain on
the Board and assume the executive position of Chief Financial Officer,
replacing Mr. Marais Steyn with effect from 1 October 2004.
Mr. Steyn has seen Aflease through its financial transformation and leaves the
company on a sound financial footing. Mr. Steyn will retain his association
with Aflease by providing consulting services to the company.
Thutukile Skweyiya joined the Department of Foreign Affairs (DFA) in 1995 and
she was appointed as the Department`s first female Deputy Director General (DDG)
charged with managing South Africa`s relations with Asia and the Middle East.
She is also the former South African Ambassador to France and UNESCO.
Lunga Ncwana was an ANC Youth League activist. Mr Ncwana is a former executive
director of Lembede Investment Holdings and is a board member of Tradek
Holdings; Rand Lease Properties; Matodzi Engineering & Randgold and Exploration
Limited. He is a director of Boschendal Holdings, the chairman of Boschendal
Winery Distribution and managing director of Itsuseng Holdings. He is a non
executive director of Orlyfunt Holdings and also a non executive director of
Omega Investment Research.
Mr Yoshimura is a director of the Jipangu Inc. and his appointment confirms
Jipangu`s ongoing commitment and future support for Aflease. Mr John Sibley,
the previous nomination from Jipangu was requested by the board not to resign
but to assume the role of an independent non-executive director with extensive
legal expertise in the North American markets.
The Board of Directors would like to thank Messrs. Jean Nortier and Marais Steyn
for their invaluable contributions in their respective positions. They have
ensured that the company is well placed to deliver into the future.
Johannesburg
29 September 2004
Investment bank and sponsor
Nedbank Capital
Date: 29/09/2004 09:09:38 AM
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