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VUNANI LIMITED - Appointment of Independent Non-Executive Director

Release Date: 20/11/2014 15:05
Code(s): VUN     PDF:  
Wrap Text
Appointment of Independent Non-Executive Director

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the company”)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

In accordance with paragraph 3.59 of the Listings Requirements
of the JSE Limited, shareholders are advised that Mr.
Sithembiso   Nkululeko   Mthethwa   (“Sithembiso”)  has   been
appointed as an independent non-executive director to the
Vunani board with effect from 19 November 2014.

Sithembiso holds a BCom(Maritime Economics)qualification and
is the co-founder and chief executive of Mion Holdings
Proprietary Limited (“Mion”). He has over 20 years’ experience
in the maritime industry having worked in various ports in
South Africa, Europe and Far East.

He is also the co-founder of some of South Africa’s leading
marine and shipping companies, namely Southern Tankers and
Smit Amandla Marine Proprietary Limited (“SAM”). Since 2006,
he has been actively involved in the venture capital sector
wherein he has overseen the establishment, funding, nurturing
and disposal of several highly successful private companies
including Gold Circle KZN Slots, Track n Ball, Rennies
Freightbulk and Elgin Engineering.

Vunani welcomes Sithembiso to the board and looks forward to
his contribution to the growth and success of the Vunani group
of companies.


20 November 2014
Sandton

Designated Adviser
Grindrod Bank Limited

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