End of tenure of CEO Trans-Caledon Tunnel Authority (TCTA) WS05 ZAG000018060 WSP2 ZAG000019985 WSP3 ZAG000019993 WSP4 ZAG000020009 WSP5 ZAG000020017 As established by Notice No 2631 in Government Gazette No 10545 of 12 December 1986, and revised by Notice No 277 in Government Gazette No 21017 of 24 March 2000. A Schedule 2 Public Finance Management Act no. 1 of 1999 entity. END OF TENURE OF CEO On 31 October 2016, the Chief Executive Officer (CEO) of the Trans-Caledon Tunnel Authority (TCTA), Mr James Ndlovu reached the end of his contract. Mr Ndlovu has served two contract terms since assuming the position in November 2008. ACTING CEO With effect from 1 November 2016 Mr Leonard Radzuma, currently Chief Risk Officer (CRO) has been appointed by the Board of TCTA as acting CEO. The appointment will ensure continuity and stability in the organization while the board searches for a permanent replacement to the CEO. Mr Radzuma is the holder of a BCom (Accounting) degree from the University of Venda and a Master of Business Leadership (MBL) degree from the Unisa Graduate School of Business Leadership (SBL); he has been the CRO of TCTA since July 2010. BOARD EXPRESSION OF THANKS TO CEO The Chairperson of the TCTA Board, Ms Monhla Hlahla, said that Mr Ndlovu has served the organisation with distinction since joining it in November 2008. During his tenure, the TCTA expanded its project portfolio significantly, growing from two to eleven projects. Also, the organisation diversified its project mix from its original focus on building large dams and inter-basin transfer pipelines to implementing small-scale community water supply schemes and the treatment of acid mine drainage (AMD). Under his leadership, TCTA has vigorously implemented an enterprise development programme, centered on enhancing the capacity of black-owned enterprises and on creating strong and sustainable communities. “Mr Ndlovu leaves this organisation in a great state; he should be very proud of what he has achieved here”, said Ms Hlahla. Investors will be kept informed of further developments with regard to the leadership of the TCTA. For further information please contact: Darshana Jeeva, TCTA Sponsor +27 12 683 1311 Date: 02/11/2016 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.