PHUMELELA GAMING & LEISURE LIMITED - Changes to The Board of Directors of Phumelela

Release Date: 16/07/2018 14:40
Code(s): PHM
 
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Changes to The Board of Directors of Phumelela

Phumelela Gaming & Leisure Limited
(Registration number 1997/016610/06)
(Incorporated in the Republic of South Africa)
Share Code: PHM ISIN: ZAE000039269
(“Phumelela” or the “Company”)


CHANGES TO THE BOARD OF DIRECTORS OF PHUMELELA (“BOARD”)


The Board is pleased to announce the following additions and changes to the Board.

Appointment of independent non-executive directors to the Board

Ms Fikile Magubane:
Non-executive director and member of the audit and risk committee

Ms Magubane is a director of Southern African Development Community (“SADC”) in
Africa bilateral branch. Prior to this, she was ambassador extraordinary and
plenipotentiary of the Republic of South Africa to the kingdom of Spain and Andorra
and has held senior positions in the South African Reserve Bank and the Gauteng
provincial government.

Ms Magubane holds an honorary doctorate degree in management sciences conferred
by the school of management sciences at the university of Venda, a master’s degree
in public administration from Kennedy school of government at Harvard university, a
diploma in public relations from Damelin management school, and a BA in economics
and accounting from the university of Botswana, Lesotho and Swaziland.

Ms Lindiwe Rakharebe
Non-executive director and member of the social and ethics committee

Ms Rakharebe holds a bachelor degree in management leadership from the university
of the Free State, a diploma in management development programme, marketing
management certificate from Damelin management school and various leadership
development programmes.

She has over 20 years’ experience in corporate financial services environment and is
chief executive officer at the Durban International Convention Centre.

Mr S’celo Mahlalela
Non-executive director and member of the audit and risk committee

Mr Mahlalela has over 15 years business and financial management experience. He
currently serves as CFO of Tshwane university of technology.

Mr Mahlalela is a chartered accountant and holds an MBA-Finance from Regent
business school SA, and FCCA from the UK association of certified chartered
accountants. He has also undertaken his Leadership Development at Harvard
Business School in Boston, United States of America.

The appointment of Mr Mahlalela is with immediate effect and the appointment of Ms
Magubane and Ms Rakharebe will be with effect from the date of approval of the
relevant regulatory authorities.

The Board welcomes the newly appointed non-executive directors and is looking
forward to their contribution in their respective roles.

In compliance with the Companies Act (71 of 2008) and the company’s memorandum
of incorporation, the above appointments shall be put to shareholders for approval at
the upcoming annual general meeting on 11 December 2018.

Board committees
The Board also confirmed the following appointments to Board committees:

   o   Mr Siza Khampepe as member of the remuneration and nominations
       committee; and
   o   Ms Nolwandle Mboweni as member of the social and ethics committee in
       addition to her membership to the audit and risk committee.




Johannesburg
16 July 2018


Sponsor and Investment Bank
Investec Bank Limited

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