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BRAINWORKS LIMITED - Changes to the Board

Release Date: 10/10/2018 10:06
Code(s): BWZ     PDF:  
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Changes to the Board

Brainworks Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: BWZ ISIN: MU0548S00000
(“Brainworks” or “the Company”)

 Changes to the Board

In compliance with section 3.59 of the Listings Requirements of the JSE Limited, shareholders are hereby
advised that the board of directors is pleased to announce, subject to due compliance with Anti-Money
Laundering and Combating the Financing of Terrorism (AML/CFT) legislation of Mauritius, the
appointment of the following new non-executive directors to the Board with effect from 9 October 2018:

Mrs Chipo Mtasa
Mrs Mtasa obtained a BACC (Hons) degree from the University of Zimbabwe in 1987 and is a registered
Chartered Accountant (Zimbabwe). In 2009 she received an Executive Management Development Certificate
from Wharton Business School, University of Pennsylvania, USA. Mrs Mtasa has over 20 years’ experience
in corporate management and she has held leadership positions in the hospitality, service and manufacturing
sectors, the most notable of which include her tenure as the CFO and CEO of the Rainbow Tourism Group
Limited. She is currently the Managing Director of TelOne Private Limited in Zimbabwe and she holds a
number of non-executive directorships including FBC Holdings Limited. She is also the Chairperson of the
Zimbabwe Tourism Authority, West Indian Ocean Cable Company and the Zimbabwe Open University.

Simon Nyarota
Mr Nyarota obtained a BA Economics and Statistics (National University of Lesotho), M Math Statistics and
M Math Actuarial Science (both from the University of Waterloo, Ontario, Canada). He has over 35 years of
extensive work experience in the Zimbabwean financial, banking, insurance and investment sectors with
additional experience in macroeconomic and financial research and analysis. Mr Nyarota has worked with
regional and international institutions which include the Southern African Development Community (SADC),
the Common Market for Eastern and Southern Africa (COMESA), Macroeconomic and Financial
Management Institute of Eastern and Southern Africa (MEFMI), World Bank, International Monetary Fund
(IMF), and African Development Bank. Mr Nyarota is currently the Director of Economic Research at the
Reserve Bank of Zimbabwe, which position he has held since 2004. He has published a number of research
papers and serves on the boards of several organisations.

The Board is excited to have Mrs Mtasa and Mr Nyarota joining the Company and strongly believes that their
qualifications and experience will complement that of our existing Board members. They will be invaluable
to the Company’s strategy of increasing its footprint in the real estate and hospitality sectors as well as
providing invaluable insight in navigating the regulatory environment in the region. The Company extends a
warm welcome to both and looks forward to their contribution to the Company.

Ebène, Mauritius
10 October 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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