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SASFIN HOLDINGS LIMITED - Changes to the board

Release Date: 23/06/2014 12:50
Code(s): SFN SFNP     PDF:  
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Changes to the board

SASFIN HOLDINGS LIMITED
(Incorporated In the Republic Of South Africa)
(Registration Number 1987/002097/06)
(“Sasfin” or “the Group”)
Ordinary share code: SFN    ISIN: ZAE000006565
Preference share code: SFNP    ISIN: ZAE000060273

CHANGES TO THE BOARD

In terms of paragraph 3.59 of the Listings Requirements
of the JSE Limited, shareholders are advised of the
following changes to the boards of Sasfin Holdings
Limited and its subsidiary, Sasfin Bank Limited:


RESIGNATION AND RETIREMENT
Shareholders are advised that Mr ETB Blight and Ms DD
Mokgatle, who since January 2001 and August 2006
respectively, served as non-executive directors on both
the Sasfin Holdings Limited and Sasfin Bank Limited
Boards, have given notice of their intention to resign as
non-executive directors of both these boards at the
conclusion of the Annual General Meeting to be held on
27 November 2014.


The Board wishes to thank Mr Blight and Ms Mokgatle for
the valuable contributions they made over the past 13
years and 8 years respectively. Although the Group will
still enjoy their knowledge, experience and valuable
inputs until the Annual General Meeting in November 2014,
the Board extends its best wishes to Ms Mokgatle in her
future engagements, and a happy retirement to Mr Blight


APPOINTMENTS:
Shareholders are advised further that Ms Linda de Beer
and Ms Lesego Sennelo have been appointed as independent
non-executive directors of the Group and its subsidiary,
Sasfin Bank Limited, with effect from 1 July 2014.

Ms Linda de Beer
Ms de Beer is a Chartered Accountant (SA) and holds a
Master’s Degree in taxation. She is an independent
non-executive director, financial reporting and corporate
governance advisor and part-time professor at the School
of Accountancy at the University of the Witwatersrand.


Ms de Beer serves as an independent non-executive
director on two other JSE listed company boards where she
also chairs their Audit Committees. She also serves as a
member of other Board Committees at the respective listed
companies.


She Chairs the Consultative Advisory Group of the
International Auditing and Assurance Standards Board and
is a member of various industry bodies, including the
King Committee on Corporate Governance in South Africa,
the Issuers’ Services Advisory Committee of the JSE, the
Committee for Auditing Standards of the Independent
Regulatory Board for Auditors in South Africa,
representing the JSE, and The Financial Reporting
Standard Council established in terms of the Companies
Act.


Ms de Beer will serve as a member of the Group Audit and
Compliance         and     Group        Risk    and     Capital         Management
Committees of Sasfin.


Ms Lesego Sennelo

Ms Sennelo is a Chartered Accountant (SA), a fellow of
the International Women’s Forum and President of the
African Women Chartered Accountants (AWCA) Forum – a
Forum focused on the acceleration of the advancement of
African women Chartered Accountants.


She currently serves as a non-executive director of
another company listed on the JSE and is a director of
various private companies. She has diverse professional
experience in an array of financial and strategic areas.


Ms Sennelo is a board member of the South African
Institute of Chartered Accountants (SAICA) and a member
of the Institute of Directors of Southern Africa.


Ms Sennelo will serve as a member of the Group Audit and
Compliance and Asset and Liability Committees of Sasfin.


The Board welcomes Ms de Beer and Ms Sennelo to the Group
and is looking forward to the knowledge and experience
they will bring to the Boards of both Sasfin Holdings
Limited and Sasfin Bank Limited.




Johannesburg
23 June 2014


Sponsor
Sasfin Capital
(A Division of Sasfin Bank Limited)

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