Announcements 2018

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Northam shareholders are advised of the appointment of Ms Aletta Helena (Alet) Coetzee as successor to Mr Ayanda Khumalo, current Chief Financial Officer (“CFO”) of Northam, with effect from 15 November 2018.  This follows a decision by Mr Khumalo to step down, effective 1 November 2018.  He will be taking time off before embarking on the next phase of his career.  Ms Coetzee has been part of Northam’s senior management team since joining the group in December 2015. 

The appointment of Ms Coetzee arises from a comprehensive process followed by the board of directors (“board”) to find a suitable replacement for Mr Khumalo.

Ms Coetzee is a Chartered Accountant (South Africa) and former associate director at Ernst & Young Inc. (“EY”), Northam’s external auditor.  Ms Coetzee worked at EY for almost 14 years and has been involved with the group since June 2007 when she first joined the external audit team. 

The board has full confidence in Ms Coetzee’s ability to seamlessly take over from Mr Khumalo and is pleased to have found a highly qualified and experienced replacement.

The members of the board would like to express their grateful appreciation to Mr Khumalo for his service to the company and especially for pro-actively ensuring a smooth transition.  They wish him well in his future endeavours and welcome Ms Coetzee as CFO.

24 October 2018