Wrap Text
Changes To The Board Of Directors
Purple Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
(‘Purple Group’ or ‘the company’)
CHANGES TO THE BOARD OF DIRECTORS
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Purple Group
(‘the Board’) hereby notifies its shareholders of the following changes to the Board of the company.
The Board of Purple Group took the decision to restructure the Board in October 2018 with the objective to increase the
diversity of the Board. Discussions have been held with various candidates over the last four months. The
implementation of the restructuring was expedited after the passing of Mr Ronnie Lubner in December 2018 and Mr
Denis Alter not standing for re-election at the Company’s AGM held on 7 January 2019.
The Board has invited three new directors to join the Board effective 7 February 2019 and re-constituted the various
Committees, as detailed below:
Board Changes
Mr Mark Barnes will step down as Chairman of the Board, however, will remain on the Board as a non-executive Director.
Mr Happy Ntshingila has been appointed to the Board as an independent non-executive director and Chairman of the
Board.
Happy is Chairman of Washirika 3 Oaks. He was previously Chief Executive Officer at SuperSport International. Prior
to that he was Group Chief Marketing and Communications Officer at Barclays Africa. He is the former Deputy Chairman
of Brand SA, sits on the Council of the University of Fort Hare, Chairman of the Eminent Persons Group (tasked with
transformation in SA sport) and is Chairman of NPI Governance Consulting. Former CEO and founder of the famed
HerdBuoys Advertising.
Mr Bonang Mohale has been appointed to the Board as a non-executive director. Bonang led the Black Empowered
Consortium that advanced funding of R25 million to Purple Group during August 2018 (as announced on SENS on 3
September 2018).
Bonang is currently the CEO of Business Leadership South Africa (BLSA). Prior to this Bonang was the Vice President
of Upstream & Chairman of Shell Downstream South Africa (Pty) Limited. He was CEO of Drake & Scull FM SA (PTY)
Ltd, an integrated Facilities Management company owned by the Tsebo Outsourcing Group, where Bonang was also a
member of the Executive Committee (Exco). Bonang also served as Chief Executive: shared services and associated
companies of Sanlam, was a member of the Exco; alternate director of the Sanlam Limited main board; chairman of the
board of TASC; a director of Innofin; Gensec Property Services and Fundamo. Until 2002, he was the Chief Executive:
Corporate Marketing, Sanlam. Until August 2001, he was the executive vice president at South African Airways (SAA)
responsible for Strategic Alliances, Network Management and Global Sales.
Mr Arnold Forman has been appointed to the Board as an independent non-executive director.
Arnold Forman is a chartered accountant having completed articles at Arthur Young, and having worked at PWC locally
and internationally. He is currently Chief Executive Officer of The Lubner Group of Companies which portfolio includes
Real Estate, Property Development, Retail, Sporting, Financial Investment and Share Trading activities, with a wide
range of various private equity businesses. His 24 years of experience in strategy, operations, financial and marketing
aspects of these businesses is valuable, broad and always seeking out of the box solutions to promote businesses. His
latest business passion is the landmark completion on The Houghton Residential and Hotel Development. From a CSI
perspective, he was one of the founders and until last year the financial director of the NPO Afrika Tikkun which focuses
on the education and career development of underprivileged township children and youth in South Africa. Today this
NPO has 480 employees with more than 11,000 beneficiaries.
Audit Committee
The audit committee will comprise of the following members, whose election will be ratified by a general meeting of
shareholders to be held during end March 2019/ beginning April 2019.
Craig Carter will remain as Chairman of the Audit Committee. Arnold Forman and Happy Ntshingila will be the other
members of the Audit Committee. Mark Barnes will no longer sit on this committee.
Remuneration Committee
Craig Carter will remain Chairman of this committee. Other members will include Mark Barnes and Happy Ntshingila.
Social and Ethics Committee
Bonang Mohale will Chair this committee. Gary van Dyk and Happy Ntshingila will be members of this committee, along
with Bradley Leather (Management), Beverly Ferreira (Management) and Justin Pearse (Management).
Risk Committee
Arnold Forman will Chair the Risk Committee. Members of the Risk Committee will include Charles Savage, Gary van
Dyk, Craig Carter, Mark Barnes and Mark Wilkes (VP of Risk).
The board of directors welcomes Happy, Arnold and Bonang onto the board and look forward to their contribution.
Johannesburg
07 February 2019
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Date: 07/02/2019 03:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
