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BRIMSTONE INVESTMENT CORPORATION LD - Passing of Brimstone Chairman

Release Date: 28/11/2012 16:38
Code(s): BRT BRN     PDF:  
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Passing of Brimstone Chairman

Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
Share Code: BRT             ISIN: ZAE000015277
Share Code: BRN             ISIN: ZAE000015285
(“Brimstone" or “the Company")

Passing of Brimstone Chairman

The Directors of Brimstone express great sadness at the untimely death of
Professor Jakes Gerwel, non-executive Chairman of the Company, who passed
away in the early hours of this morning.

“Jakes has been a wonderful inspiration to Brimstone and our whole community.
He was a generous and caring person who did a great deal for South Africa. He
will be dearly missed, but we remain committed to continue the legacy he leaves
behind,” commented Mustaq Brey, Chief Executive Officer of Brimstone.

Professor Jakes Gerwel, an academic, executive and struggle stalwart, served as
a Director General in the office of former President Nelson Mandela. He was a
well-known figure in South Africa's academic and political history and in his later
years, he chaired and was on the boards of a number of major organisations and
corporations.

He served on the Brimstone board for 13 years and made significant contributions
during his tenure. Professor Gerwel’s legacy for the community was in his
leadership and passion for its people. He spearheaded the Company’s unwavering
philosophy to be profitable and to continue empowering disadvantaged
communities.

Fred Robertson, deputy executive Chairman, stated: “We have lost an
irreplaceable colleague and mentor. He was a man of deep integrity and one of the
greatest minds in South African society. Most of all, he was a friend to every one of
us at Brimstone.

His death leaves a large void and we will sadly miss his personification of a
dedicated unselfish colleague, mentor and friend. Our thoughts go out to his
beloved wife Phoebe, children Jessie and Heinrich, grandchildren and family"

“On behalf of the Board of Directors and the employees of Brimstone, we extend
our deepest sympathies to Jakes’ family. He was a pioneer and inspiration to so
many people. His death is a tragedy and a great loss to our company and South
Africa,” Lawrie Brozin, Financial Director and fellow board member concluded.

The Company’s leadership team will continue in their present responsibilities. No
changes are anticipated in the day-to-day business activities.




Cape Town
28 November 2012

Sponsor
Nedbank Capital

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