SUN INTERNATIONAL LIMITED - Changes to Board and Committees

Release Date: 06/09/2018 17:15
Code(s): SUI
Wrap Text
Changes to Board and Committees

(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06
Share Code: SUI
ISIN: ZAE000097580
(“Sun International” or “the Company”)



In compliance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are
advised that with effect from Wednesday, 5 September 2018, Messrs Jabulane (Jabu) Mabuza
and Vusumuzi (Vusi) Khanyile were appointed as the Deputy Chairman and as an independent
non-executive director to the Sun International Board respectively, while Mr Khati Mokhobo
resigned as an executive director from the Board.

Jabu, who was previously the Group CEO of Tsogo Sun Holdings Limited until 2011, currently
serves as the Chairman of Telkom SA SOC, Eskom SOC and Anheuser – Busch InBev / SAB
Miller - Africa. He is also the Chairman of Business Leadership South Africa, as well as the
Chairman of the Casino Association of South Africa. Recently, Jabu was appointed by the
Presidency as a co-convenor together with the Treasury Minister to look into the state of the South
African economy. Jabu holds a Doctorate in Commerce (Honoris Causa) from the University of
the Witwatersrand and was also the recipient of a Lifetime Achievement Award – Ernst & Young
World Entrepreneur Awards in 2016.

Vusi was up until earlier this year the Chairman of Thebe Investment Corporation having been its
founding managing director in 1992. In addition to having headed up the Finance Department of
the African National Congress between 1990 and 1992, Vusi also serves as the Chairman of
Santam Limited and as a director of the Worldwide Fund (WWF). Vusi’s qualifications include a
BComm (Hons.) degree in accounting and finance from the University of Birmingham, a
Fellowship in Development Finance from Princeton University and an Honorary Doctorate from
the University of the Transkei.

Khati joined the Sun International Board on 19 February 2016 in the role of Director: Special
Projects. In line with the principles set out in King IV, and given the number of new non-executive
directors recently appointed to the Board, Khati has agreed to step down from the main Board
while retaining his executive responsibilities.

The Board welcomes Messrs Mabuza and Khanyile as non-executive directors to Sun
International and looks forward to their contributions to the group and thanks Mr Mokhobo for his
valuable contributions made over the last two years.

Shareholders are referred to the Company’s unaudited interim results announcement which was
released on SENS on Monday, 3 September 2018, when it was announced that Mr Sam Sithole
had been appointed as an additional member to both of Sun International’s Investment, as well
as Remuneration Committees, effective from 31 August 2018.

6 September 2018

Investec Bank Limited

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