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Yorkcor - Nthato Motlana Jnr Becomes Chairman Of Madiba Forest Group

Release Date: 23/10/2002 16:11
Code(s): YRK
Wrap Text

Yorkcor - Nthato Motlana Jnr Becomes Chairman Of Madiba Forest Group York Timber Organisation Limited, The ("Yorkcor") Share Code: YRK ISIN ZAE000008108 Please note that the announcement that was released at 12h30 today on SENS was regrettably released in error and should be ignored. The correct announcement follows - Yorkcor Limited Nthato Motlana had been elected chairman of Madiba Mills and Madiba Forest Products in succession to Dr Mathews Phosa, the former Premier of Mpumalanga. This was announced at a function in Pretoria today hosted by Yorkcor who launched the Madiba forestry enterprises six years ago as its vehicle to promote empowerment in the timber industry. Motlana recently stepped down as national chairman of the South African Lumber Millers Association. He is a director of The York Timber Organisation Ltd (Yorkcor), the JSE listed timber group, and of Timrite, the mining timber company. Speaking at the function, Anglo American Chairman`s Fund chairman, Clem Sunter, said that "elephants lead the way for business on sustainability". His presentation centred on the theme "Beyond Reasonable Greed", the title of a recently published book co-authored by Sunter and Wayne Visser. The authors argue that the predatory behaviour of the lion is symbolic of the way most modern companies are run today. They argue that companies need to change their personae from the "tooth-and-claw" logic of the lion to the more caring, holistic philosophy of the elephant Solly Tucker, chairman of Yorkcor, said that the timber industry has, for more than five years, been in a vice grip of uncertainty about resource and the security of log supply. The few extant lions in the business today owe their survival to "tooth-and-claw" strategies. There are indications, however, that a different culture could and would do better. "The time of the elephant in the forests, with his stout but caring and balanced culture has come." said Tucker. Ends ISSUED FOR: Yorkcor Limited CONTACT : Solly Tucker 012 804 9730 Cell: 082 579 0717 FAX NO: : 012 804 8611 E-MAIL : Sol@yorkcor.co.za WEBSITE : www.yorkcor.co.za ISSUED BY : TISH STEWART PR ASSOCIATES CONTACT : Tish Stewart 011 325 4195 Cell: 082 443 6399 FAX NO : 011 325-4199 E-MAIL : Tish@tspr.co.za DATE : 23 October 2002 Date: 23/10/2002 04:10:00 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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