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AFRICAN DAWN ANNUAL REPORT 14

The board at the year end Mr. JS van der Merwe (“Mac”) Executive Chairman Mac was appointed to the Board on 10 April 2013. Mac was educated as a Mechanical Engineer and has studied Business Management at UNISA. Mac has comprehensive entrepreneurial experience over a period of 30 years. In 1982 he founded and was Managing Director of Park Motors Group, and in 1989 founded VaalMac Engineering in Meyerton and Saldanha. In the 1990’s Mac co-founded Skills Accel, a skills development company. In 1995 Mac was responsible for the listing of VaalMac Engineering through a reverse listing of City Investment Holdings and Spicer Mitchell Holdings. One of the paramount ventures was acquiring the controlling shareholding of President Steyn Gold Mine in 1997 and the turnaround of the five shaft operation securing 4,500 jobs. The mine was later listed on the JSE and sold to a Canadian company. Mac’s experience in business reaches over start-up businesses to mature profitable projects all within an entrepreneurial framework. Early in 2002 the van der Merwe family bought various hospitality businesses under the banner of the Zorgvliet Group and in 2011 he initiated the development of Community+27, an online community portal, which has recently been completed. Mac resigned from the board on 2 June 2014. Mr. WJ Groenewald (“Jacques”) Chief Executive Officer Jacques was appointed as a non-executive director on 17 November 2011 and was subsequently appointed as the acting CEO on 24 February 2014, CEO on 28 March 2014 and acting chairman on 2 June 2014. He holds a B Com (Hons) from the University of Stellenbosch. He was an investment professional in the asset management, investment banking and hedge funds industry with 18 years’ experience. Ms. HH Hickey (“Hester”) Independent Non-Executive Director Hester was appointed as a non-executive director on 21 February 2011. She is a chartered accountant and consults to various companies specializing in risk and governance. She also performs the Board evaluation processes for the Institute of Directors. She is currently non-executive director and audit committee Chair for Omnia Holdings Limited, Pan African Resources Plc and a nonexecutive director of Cashbuild Limited. She is a past Chairman of the South African Institute of Chartered Accountants and has worked in senior positions for a number of listed companies and serves on several audit committees. Hester lectured auditing at the University of the Witwatersrand and was a member of the King II task team. Ms. V. Lessing (“Vanya”) Independent Non-Executive Director Vanya was appointed on 29 May 2013. Vanya is the CEO of the Sure Travel Group, responsible for managing the interests of shareholders, licensees and suppliers. The Sure Travel Group manages the interests of 100 travel companies in South Africa and Namibia. Vanya is the former CEO of ASATA (Association of Southern African Travel Agents). During her tenure there (2001 - 2005), she led the travel industry through change and a series of sensitive negotiations, resulting in a new industry business model. Vanya has extensive experience in collaboration and interaction with SME's, expediting turnaround strategies. Her strong negotiating skills brings 'on the ground' expertise to the Board. Vanya is also a Board member of Sure Holdings (Pty) Ltd, ASATA and Worldwide Independent Travel Network Ltd (WIN). Mr. JK van Zyl (“Keet”) Independent Non-Executive Director Keet was appointed on 29 May 2013. Keet is a ‘Venture Catalyst’ with extensive high-growth investment experience. He structured various private equity funds in Southern Africa for a US fund-offunds investor and worked in growth finance at industry-leading companies such as Procter & Gamble, Investec Bank and Here Be Dragons (HBD) Venture Capital – the fund managers behind SA internet billionaire Mark Shuttleworth's successful venture capital fund. He co-founded growth equity fund manager; Knife Capital to fund and support knowledge-enabled entrepreneurs. Keet is passionate about building the early-stage funding eco-system in Sub-Saharan Africa. He co-founded the Grindstone business accelerator that will assist SA technology SMEs to become sustainable and fundable. Keet has extensive experience in the total venture capital value chain and will bring venture capital experience and skills that will reduce risk and improve desired outcomes in line with the new vision of the Company. Mr. W Somerville (“William”) Company Secretary William is a chartered secretary and holds an ACIS, ACMA and a Diploma in Corporate Law (RAU). He was formerly Group Company Secretary of Absa, a position he held for 12 years until October 2007. He has extensive experience in company secretarial and corporate governance matters. This includes providing support to the board of directors and committees, corporate governance advice, annual reports and director orientation and training. He has experience in the JSE Listings Requirements as well as considerable knowledge of employee share schemes and BEE schemes. William now offers company secretarial outsourcing solutions (where he acts as company secretary to a number of companies) and corporate governance advisory services. He is a member of the Institute of Directors, Southern Africa (IoDSA) and serves on the IoDSA’s board appraisal panel. William resigned on 31 July 2014. AFRICAN DAWN 9 ANNUAL REPORT 2014 The Board


AFRICAN DAWN ANNUAL REPORT 14
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