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AFRICAN DAWN ANNUAL REPORT 14

AFRICAN DAWN 1 0 ANNUAL REPORT 2014 The Board continued Changes to the board subsequent to the year end New appointments Mr. SM Roper (“Stephen”) Independent Non-Executive Director Stephen holds an Hons BCompt, PG Dip Tax Law , PG Dip Financial Policy, and is a chartered accountant with 26 years’ experience. He has extensive experience in investments having served in the research team of one of South Africa’s largest fund managers. During this time he had responsibility for investment research of industrial companies in South Africa. He has also served on the private equity investment committee of that fund manager and has corporate finance and business rescue experience. He currently practices in the area of strategic management. Ms. A Böhmert (“Andrea”) Executive Director Andrea is a director of Knife Capital, a Cape Town based Growth Equity Fund with a successful track record in exiting portfolio companies including Visa and General Electric. Before joining Knife Capital, Andrea was the founder and co-managing partner of Hasso Plattner Ventures Africa Proprietary Limited. Andrea has been actively involved in numerous initiatives aiming to accelerate the African entrepreneurial ecosystem such as Angelhub, South Africa’s first structured Angel Investment vehicle, the Bandwidth Barn, South Africa’s oldest IT incubator, as Exco member of Silicon Cape, a member of Endeavor VentureCorps and as an Angel Investor in the Google Umbono Incubator Program. Recently, Knife Capital launched its own growth and funding platform or accelerator known as Grindstone, a later-stage business accelerator in Cape Town aimed at assisting entrepreneurs with solving the problems common to scale-ups including: everything from coping with accelerated growth to raising funding, taking advantage of M&A opportunities, securing international partnerships, sharpening their business model and executing on their plan. Previously, Andrea worked at Dimension Data and Siemens, where she was responsible for the corporate strategy for Southern Africa. She holds a Masters degree in Marketing and Management of Technology and Innovation from the Rheinisch Westfälische Technische Hochschule (RWTH) in Aachen, Germany and an MBA from Henley Management College in the United Kingdom. Mr. EA van Heerden (“Eben”) Financial Director Eben qualified as a Chartered Accountant (CA(SA)) in 1995. Eben has a proven track record as a specialised investment expert with noteworthy accomplishments in business building and strategy, corporate finance and mergers. His career commenced with Ernst & Young two decades ago whereafter he progressed to hold various directorships in large and small organisations alike. Eight years ago he shifted his focus to early stage investments and actively pursued a career with Mark Shuttleworth’s growth equity fund: HBD Management Services Proprietary Limited. He has since then been instrumental in the investment, growth and exit of a number of high profile growth equity investments, including CSense and Fundamo where he held the position as deputy chairman. In 2010 he co-founded Knife Capital, of which he is currently the CEO. Mr. Alun Rich (“Alun”) Company Secretary Alun is a Fellow member of ICSA and gained his experience and knowledge of corporate governance as manager at Deloitte & Touché and as the founding partner of Wilson Rich & Associates. Changes in office Mr. JK van Zyl, previously non-executive independent director was appointed as executive director on 28 March 2014 and Mr. WJ Groenewald was appointed also as acting Chairman on 2 June 2014. Resignations Mr. JS van der Merwe resigned as director on 2 June 2014 and Mr. W Somerville resigned as company secretary on 31 July 2014.


AFRICAN DAWN ANNUAL REPORT 14
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