Board changes at Northam

Johannesburg, Tuesday, 7 November 2017. Mr Lazarus Zim, chairman of Northam Platinum Limited (Northam), has retired from the board of the company with immediate effect. Mr Zim was appointed to the board in April 2007.

Northam chief executive Paul Dunne paid tribute to Mr Zim and commented: “Mr Zim will be remembered for the empowerment transaction with Zambezi Platinum, which secured Northam’s HDSA equity status, serving as the catalyst for the company to launch its growth ambitions. Northam is now a multi-asset, low-cost PGM producer, with a healthy project pipeline being developed.”

Mr Zim is being replaced as chairman by Mr Brian Mosehla. Mr Mosehla was appointed to the board in August 2015 as a non-executive director. He is a member of the Northam investment committee and will replace Mr Zim as a member of the nomination committee.

Mr Mosehla is the chief executive of Mosomo Investment Holdings Proprietary Limited, chairman of Zambezi Platinum, a director of Malundi Resources (RF) Proprietary Limited and Coal of Africa Limited.

Appointment of independent non-executive directors and board committee changes

Further changes to the board include the appointment of Mr David Brown and Dr Yoza Jekwa as independent non-executive directors. 

Mr Brown is the current chief executive of Coal of Africa Limited and is a director of the Vodacom group. Previously Mr Brown was the chief executive of Implats.

Mr Brown is appointed as a member of the audit and risk committee, and chairman of the investment committee.

Dr Jekwa has extensive experience in South African corporate banking, and has held a number of positions in the medical field in South Africa and the United Kingdom. She holds an MBA in finance and a MBBCh (Bachelor of Medicine and Bachelor of Surgery).

Dr Jekwa will serve on the social, ethics and human resources committee.

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