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ABKI - Changes to the Composition of the Board Committees
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
(the “Bank”)
CHANGES TO THE COMPOSITION OF THE BOARD COMMITTEES
This announcement is published in accordance with paragraph 6.39(c) of the JSE Limited Debt Listings
Requirements. Stakeholders are advised of the following changes to Board Committees, with the effective
dates of resignations being 31 May 2021 and the effective dates of appointments being 1 June 2021:
Audit and Compliance Committee (“AuditCom”):
The resignation of Ms Happy Ralinala from and the appointment of Ms Maureen Manyama to the AuditCom.
Ms Ralinala was appointed as a member on the AuditCom until further non-executive directors (“NEDs”)
could be appointed to the Board, her resignation was subsequent to the new NED being appointed. Ms
Manyama is a new NED appointed to the Board and was appointed to the appropriate Board Committees to
fill vacancies and enhance the skills therein.
The AuditCom will comprise of the following members:
Mr Robert Hutchinson-Keip (Chairperson),
Mr Sydney Mhlarhi,
Mr Spyridon (Spiro) Georgopoulos, and
Ms Maureen Manyama.
Remuneration Committee (“RemCom”):
The appointment of Ms Manyama as a member of the RemCom to fill vacancies and enhance the skills
therein.
The RemCom will comprise of the following members:
Ms Happy Ralinala (Chairperson),
Mr Peter Temple,
Mr Michael (Mike) Field, and
Ms Maureen Manyama.
Sustainability, Ethics and Transformation Committee (“SETCom”):
The resignation of Mr Gustav Raubenheimer from and the appointment of Mr Kennedy Bungane to the
SETCom. Mr Raubenheimer was appointed to the SETCom whilst a Group Chief Executive Officer (“CEO”)
was being recruited and his resignation was subsequent to the new CEO being appointed. Mr Bungane is
the new CEO of the Bank and was appointed to the appropriate Board Committees to fill vacancies and
enhance the skills therein.
The SETCom will comprise of the following members:
Ms Happy Ralinala (Chairperson),
Mr Thabo Dloti, and
Mr Kennedy Bungane.
24 May 2021
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24-05-2021 05:20:00
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