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appointment of independent non-executive director
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo" or "the Company")
APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR
In compliance with section 3.59 of the Listings Requirements of the Johannesburg Stock
Exchange, the Board of Directors of Cargo is pleased to announce the appointment of Mr
Vincent Raseroka as an independent non-executive director of the Company and member of
the Audit and Risk Committee, with immediate effect.
Vincent’s abridged curriculum vitae is set out below:
Vincent (“Vince”) Raseroka (BA (Hons) Cum Laude Admin, Economics – Fisk University)
Vince started his career as a Human Resources Officer at the Development Bank of Southern
Africa. He then became the National Brand Manager – Amstel and Ohlssons Lager at South
African Breweries and later joined Shell Oil Company as Regional Sales Manager.
From 1995 to 1999 Vince worked for Nampak Products Limited in a number of senior
management positions before joining South African Airways – Cargo as Managing
Director/Vice President. He then assumed the role of Chief Executive of SAA Technical in
2001.
In 2003, Vince was appointed as the Managing Director of Cell C Services Provider, a position
he held until 2005 when he decided to run his own private equity portfolio for some 5 years.
In March 2010, Vince was recruited as Chief Executive Officer of Telkom (Multi-Links) and
later became Executive Chairman of Chevron South Africa. In 2011, he joined Ellerines
Holdings Limited as Deputy Chief Executive Officer and held this position until May 2014,
when he decided to refocus his efforts on his private equity portfolio.
In addition to the above, Vince has a number of years’ experience as a director of both listed
and unlisted companies. He formerly served on the Cargo board as an independent non-
executive director from 2005 to 2011.
The Cargo Board welcomes Vince back to the Company and looks forward to working with
him again.
Johannesburg
18 July 2014
Sponsor
Arcay Moela Sponsors Proprietary Limited
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