Polelo Lazarus Zim (Non-executive Chairman)
Lazarus is executive chairman of Afripalm Resources (Proprietary) Limited and a director of
various other entities in the Afripalm group of companies. He is also Chairman of Kumba Iron
Ore Limited, Mvelaphanda Resources Limited and Northam Platinum Limited and a director of,
inter alia, Sanlam Limited and Trans Hex Group Limited. He was previously an executive director
of the MTN Group and Chief Executive of Anglo American South Africa Limited. He is the immediate past
President of the South African Chamber of Mines, a former director of Anglo Gold Ashanti Limited, Anglo Platinum Limited, Mondi South Africa Limited and Telkom SA Limited and sits on a number of Government
advisory boards.
Ivor Stratford (Non-executive Deputy Chairman)
Ivor is a qualified Chartered Accountant and ex-partner of Deloitte. For the past fifteen years he has
been involved in property development, mainly in the tourism industry throughout South Africa.
He was responsible for the design and development of all five casinos in the Gold Reef Casino
Group. In addition, he has developed a number of hotels including the Blue Lagoon Beach Hotel
in East London. He also pioneered time share selling in South Africa. He has guided the strategy
of the Pinnacle Point Group since its inception.
Khehla Samuel Mthembu (Independent Non-executive Director)
Khehla was appointed non-executive director of the Issuer in October 2005. He holds a BCom
degree from the University of South Africa. In July 2003, he was appointed as Group Executive
Director of Old Mutual South Africa in Gauteng and in July 2004 was appointed Head of Public
Affairs. He resigned from Old Mutual during 2007 to pursue his own business interests in the leisure
sector and has recently been appointed as Group Executive Director of Tourvest Limited.
Ragavan ("Raggi") Moonsamy (Non-executive Director)
Raggi is currently managing director of Unipalm Investment Holdings (Proprietary) Limited,
a broad-based group with a 15% shareholding in Afripalm Resources (Proprietary) Limited. He was
a founding member of Kascara Financial Investment Brokers in 1987. Since 1994, he has played
a leading role in various empowerment initiatives. He serves on a number of boards such
as Growthpoint Properties Limited, Draft FCB Advertising, Afripalm Resources (Proprietary) Limited
and Sahara Computers (Proprietary) Limited.
Bright Igbinedion (Non-executive Director)
Bright is the Chairman of Unibright Nigeria Limited, which controls ten associate companies
operating primarily in the construction, motor, engineering and trading sectors. He is a previous
director of Okada Air Nigeria and is a current member of the governing council of the Igbinedion
University, Nigeria. In addition, he is the Chairman of Coral Oil and Gas, one of Nigeria's leading
petroleum sector companies.
Bright is a highly successful businessman based in Nigeria with interests in South Africa. He is the
joint venture partner of Lagos keys development and has been, and will continue to be, instrumental
in the formulation and rollout of the Issuer's business activities in Nigeria and the rest of West
Africa.
Adegboyega Oluwarotimi Austen-Peters (Non-executive Director)
Timi obtained an LL.B (Hons) from the London School of Economics and Political Science,
University of London in June 1985. In 1986 he was called to the Nigerian Bar Council for
Legal Education, Lagos - Nigeria. In June 1987 he obtained a LL.M. from Magdalene College,
University of Cambridge and in September 1998 he obtained a D.Phil (doctorate in law: custody
of financial assets) from Pembroke College, University of Oxford. On 16 January 2004 he was
sworn in as a Notary Public of the Federal Republic of Nigeria.
From September 1987 to September 1991 he worked as an Officer at the Centre for Human Rights
- United Nations Office at Geneva. From November 1991 to September 1994 he worked as a Senior
Associate for Irving & Bonnar. From March to September 1999 he worked as a Legal Consultant for
African Development Bank. From November 1999 to the present date, he has been a Principal
at Austen-Peters & Co where he provides advice to Nigeria's National Pension Commission,
Securities and Exchange Commission, Bureau of Public Enterprises, banks, fund managers and
stock broking firms and various general commercial enterprises.
Yvonne Thato Moerane (Independent Non-executive Director)
Thabiso is currently the Managing Director of Khulumanjalo Group (Proprietary) Limited. She has
a National Diploma in Accounting from the University of Johannesburg (previously Technikon
Witwatersrand), a National Higher Diploma in Taxation from the University of South Africa
(previously Technikon Southern Africa) and a MBA from Duke University (USA). She is a DBA
(Doctorate in Business Administration) Candidate with Instituto de Empresa Business School
in Madrid, Spain.
In 1988, she joined Randfontein Estates Gold Mining Company as a Supervisor in the accounts
department. In 1993 she transferred to the JCI Limited accounts department where she worked
as an Accounting Assistant until 1995. In 1995, she started her own information technology
company called Ideal Data CC which later merged with five other companies and became Kwetliso
Holdings (Proprietary) Limited. Between 1999 and 2001 she worked as a financial and taxation
consultant. Between 2001 and 2006 she was the Managing Director of Black Information
Technology Empowerment Company Limited ("Blitec") which is an investment holding company that
was started by the Black Information Technology Forum in 1997. Thabiso has served on the boards
of Sentech and, more recently, as chair of Data Pro Group Limited (now Vox Telecom) and is a
nonexecutive director of Securedata Limited.
Andrew Vusi Fasedemi (Non-executive Director)
Andrew graduated from the University of Lagos with a triple Honours degree in Economics,
Communications and Politics and his working career spans South Africa and Nigeria. He worked
for Cadbury Nigeria as a Brand Manager and Senior Brand Manager for their largest brand and
he worked for LenOil, the largest independent oil company in Nigeria, as Global Corporate
Affairs Manager.
In 1995, he joined the second largest public relations company in South Africa, Sussens Mann
as Accounts Director and later that year started a marketing consultancy, within the Group, Sussens
Mann Fasedemi, of which he was the Managing Director.
In 1997, he took over the public relations consultancy within the Leo Burnett Group as Chief
Executive Officer and within one year was appointed Managing Director of the largest company
within the Group, Sonnenberg Murphy Leo Burnett. A year later, Andrew took over as Group
Chief Executive and was subsequently given additional responsibility as Regional Managing
Director for seven sub-Saharan African countries.
He started the Business Marketing Consultancy - Wisdom Keys Group in 2001 and three years
later he started Wisdom Keys Investment Holdings. Andrew is currently the Executive Chairman
of Wisdom Keys and drives new business development and acquisition.
He has been Deputy Chairman of the Advertising Association of South Africa, President of the
Direct Marketing Association and Director of a number of other companies and has advised
corporates and organisations such as NEPAD, COMESA, MultiChoice, South African Post Office,
Coca-Cola, McDonald's, Department of Transport, M-Net, Central Energy Fund, Nampak, MARS
Africa, SA Tourism, Gauteng Tourism amongst many others.
Khater Massaad (Non-executive Director)
Dr. Khater Massaad was appointed in August 2003 as the Advisor to The Crown Prince & Deputy Ruler of the Emirate of Ras Al Khaimah, His Highness Sheikh Saud Bin Saqr Al Qasimi. He plays a key role in the rapid development of the Emirate as CEO of the RAK Investment Authority (RAKIA) a position he was appointed to in 2005 Dr. Khater Massaad is also the Executive Chairman of RAKEEN - the land master-planner and developer in real estate & township development in the Emirate & also overseas, which was created through a Royal Decree by His Highness Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. He has played a major role in the tourism sector for the Emirate of Ras Al Khaimah with worthwhile contribution as Managing Director of Al Hamra Fort Hotel & Beach Resort. Also he is the Managing Director of RAK Airways and the Al Hamra Real Estate Development LLC
