Sharenet Sites 
Sharenet Sites
ABKI - Board of Directors – Non-Executive Director appointment
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
(the “Bank” or “African Bank”)
BOARD OF DIRECTORS – NON-EXECUTIVE DIRECTOR APPOINTMENT
Noteholders are advised by the Board of Directors of African Bank (“Board”) that Professor Hemmanth
(“Herman”) Singh has been appointed as an independent non-executive director of the Bank and its holding
company, African Bank Holdings Limited, with effect from 21 December 2021. The Bank confirms that the
appointment of Herman was done in accordance with African Bank’s policy on the selection and nomination
of non-executive directors, and to fill a vacancy as well as add to the skills set of the Board. Herman’s
appointment on the relevant Board committees will be confirmed in due course.
Herman holds a Degree in Engineering from the University of Witwatersrand (“Wits”), a Post Graduate
qualification in Industrial Engineering and a Master of Business Administration (“MBA”). Herman served as
external examiner and facilitator on Wits Business School’s MBA, Non-Degree and in company programmes
for 13 years. He continues to serve as adjunct Professor at the University of Cape Town Graduate School
of Business and as Professor in Practice at Johannesburg Business School.
His diverse professional experience ranges from business, technology, digital and leadership. Herman is
currently the Chief Executive Officer (“CEO”) of Future Advisory Consulting, which is his own firm
specialising in digital transformation and start up acceleration. Previously, Herman also held various senior
management roles with Vodafone, MTN and Standard Bank.
Commenting on Herman’s appointment, the Chairman of the Board, Thabo Dloti, stated, “We are
extremely excited about Herman’s appointment as a non-executive director. His passion for technology
and digital evolution together with his strong business and finance experience will add immense value to
the Board and its committees.”
22 December 2021
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22-12-2021 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
