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Changes to the Board of Directors
VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
(“the Company” or “Visual”)
ISIN Code: ZAE000187407 Share code: VIS
CHANGES TO THE BOARD OF DIRECTORS
In compliance with Section 3.59 of the Listings Requirements of the Johannesburg Stock Exchange
(“JSE”), shareholders are advised that pursuant to the acquisition of 50.1% of Mosegedi &
Associates Proprietary Limited (“Mosegedi”), the Board of Visual will be restructured as follows:
Dr Elias (“Eltie”) Links has resigned as an independent non-executive director with effect from 28
February 2017. The Board thanks Eltie for the immense and valuable contribution he has made to
the Company over the past 3 years, particularly during 2016, when the Company required a lot of
his time and guidance.
Mr Grant Noble will be responsible for overseeing the integration of Mosegedi into the Visual Group
and will accordingly step down as Financial Director with effect from 1 March 2017. Grant will
remain as an executive director on the Board.
Ms Liska Schutte has been appointed as executive Financial Director with effect from 1 March 2017.
Liska is a Chartered Accountant with extensive experience in multi-disciplinary industries ranging
from external auditing, distribution, warehousing, import/export, renewable energy and FMCG. She
joins Visual from Verifone Africa (a subsidiary of Verifone Inc.) where she was the CFO.
Messrs Lesedi Matlholwa and Thabo Mokgatlha, directors of Mosegedi, have been appointed as
non-executive directors of Visual with effect from 1 March 2017. Lesedi holds an MBA from the
University of Potchefstroom, a Bachelor in Accounting Science (Honours) from the University of
South Africa and a Bachelor of Commerce from the University of the North West (“UNW”). Lesedi
was lecturer at UNW before entering the commercial field, serving in various management roles in
auditing and thereafter as Chief Financial Officer at the North West Housing Corporation. Lesedi is
currently the Chief Executive Officer of Mosegedi & Associates Proprietary Limited.
Thabo is a Chartered Accountant and holds an Honours BCompt/Certificate in the Theory of
Accounting (CTA) postgraduate qualification from the University of South Africa and a BCom
(Accounting) degree from UNW. Thabo served his articles at Coopers and Lybrand (now PWC)
and spent the last 6 months of his articles as a senior lecturer at UNW following which he was
appointed as a senior lecturer on a full time basis while simultaneously working as a consultant.
Thabo worked for the Royal Bafokeng Administration between 2002 and 2011 where he held
several management positions. Thabo is currently the Chief Executive Officer of Nutritional Holdings
Limited, a company listed on the JSE and serves on the boards of several other JSE listed
companies.
Cape Town
1 March 2017
Designated Advisor
Arbor Capital Sponsors Proprietary Limited
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