Abiel Mngomezulu
Chairperson (Independent)

Qualifications

Chairperson (Independent) BSc (Hons), MSc Engineering (Mining)

Age

70

Abiel joined the Merafe Board as an independent non-executive director in September 2010 and became Chairperson in May 2019. He was previously the President and Chief Executive Officer of Mintek, a state-owned enterprise responsible for mineral extraction technologies and beneficiation. Abiel also served on several boards of state-owned institutions involved in the mining sector. Of late he has been the board Chairperson at the South African Diamond and Precious Metals Regulator (SADPMR) and a director at Tshikululu Social Investment.

Committee memberships:

N A S R
Matsotso Vuso
(Independent)

Qualifications

CA(SA), CD(SA) RA

Age

51

Matsotso joined the Merafe Board in July 2018. She is the founder of Nyamezela Group of Companies, a multi-disciplinary group of companies with solutions spread across manufacturing of smart electricity meters, energy management, business advisory services, consulting and contracting engineering. She has extensive experience in statutory and IT assurance, financial investments analysis and financial restructurings.

She also serves on other boards as an independent director.

Committee memberships:

A
Katlego Tlale
(Independent)

Qualifications

BCom (Acc), CA(SA)

Age

38

Katlego joined the Merafe Board in December 2020. He is currently the Group Chief Financial Officer of Letsema Group, a black-owned professional services firm which is part of a diversified investment company.

Prior to joining Letsema, Katlego was employed by Gold One Group Limited where he managed group reporting and treasury. He completed his articles at KPMG Inc. where he was a member of the firm's mining audit practice.

Committee memberships:

A
Jeff Mclaughlan
(Independent)

Qualifications

(Independent) MBA, NDIP Elect, Cert Eng

Age

65

Jeff joined the Merafe Board in May 2019. He holds a Master’s degree in Business Administration and Finance from the Open University, an Advanced Professional Management Programme from the University of South Africa (Unisa) and a National Diploma in Electrical and Instrumentation. He has more than 38 years’ experience in the South African mining sector including various roles at Middelburg Steel and Alloys Proprietary Limited, Consolidated Metallurgical Industries Limited, Xstrata South Africa Proprietary Limited and Glencore Operations South Africa Proprietary Limited. Jeff served two terms as President of the International Chrome Development Association and stood down in June 2017. He is a member of the Institute of Electrical and Mechanical Engineers, South Africa.

Committee memberships:

R N
Nonhlanhla Mabusela- Aikhuere
(Independent)

Qualifications

BCompt, CTA and CA(SA)

Age

48

Nonhlanhla joined the Merafe Board in July 2021. Nonhlanhla is an ex-investment banker with more than ten years’ experience in project and structured finance transactions. She completed her accounting articles at KPMG Inc. where she spent a year in the corporate finance department. She spent four years of her career at Nedbank Capital as a senior transactor in the power, oil and gas project finance department. She has also held various Chief Executive Officer positions in the mining and mining services space.

She also serves as an independent member of the IDC Executive Credit and Investment Committee and as a member of the DBSA Infrastructure Fund Advisory Committee, and is also a board member of South African Forestry Company Limited.

Committee memberships:

S A
David McGluwa
(Non-Independent)

Qualifications

Executive Development Programme (GIBS), B.Comm, Corporate Credit Analysis (New York Institute of Finance)

Age

49

David joined the Merafe Board in July 2021. David has held various senior roles at the Industrial Development Corporation (IDC) since 1999, prior to which he worked at First National Bank for four years. David was nominated to be director of the Board by the IDC, which has a 22% shareholding in Merafe.

Committee memberships:

s
Daniel Green
(Non-Independent)

Qualifications

CA(SA)

Age

36

Daniel joined the Merafe Board as a non-independent non-executive director in November 2021. Daniel is a CA(SA) and has worked in banking, finance, marketing and mining corporate advisory for the past thirteen years, the last eight of which have been in a number of roles within the Glencore Group. Daniel is currently the head of Business Development for Glencore's Ferroalloys and South African Coal divisions

Committee memberships:

R N
Steve Phiri
(Independent)

Qualifications

B luris, LLB, LLM

Age

67

Ditshebo Stephen ("Steve") joined the Merafe Board in February 2024. Steve has more than 20 years of experience in the South African mining sector including, inter alia, roles at Royal Bafokeng Platinum Limited (where he served as CEO), Royal Bafokeng Holdings Proprietary Limited (where he served as a non-executive director) and at Merafe (where he was CEO from 2003 to 2010 and a non-executive director of the Board from 2010 to 2015). He is a member of the Council of International Platinum Association and was a board member of the International Platinum Association before becoming its President/Chairman. Steve was also previously the Vice President of the Chamber of Mines (later the Minerals Council of South Africa).

Zanele Matlala
Chief Executive Officer

Qualifications

Chief Executive Officer BCom, BCompt (Hons), CA(SA)

Age

60

Zanele joined the Merafe Board in 2005 as an independent non-executive director. She was appointed Merafe's Chief Financial Officer on 1 October 2010 and Chief Executive Officer on 1 June 2012. She is a non-executive director of Dipula Income Fund, Stefanutti Stocks Holdings Limited and RAC Limited.

Committee memberships:

S A R N
Ditabe Chocho
Financial Director

Qualifications

CA(SA) MSc Financial Management

Age

53

Ditabe joined Merafe in August 2018, having previously been the Company’s Chief Financial Officer in 2013 and 2014. Ditabe is a qualified South African Chartered Accountant and he has extensive experience in financial and investment management gained during his tenure at various companies including Uranium One Limited, the Industrial Development Corporation of SA Limited and Zico Capital Proprietary Limited. He also served as Chief Financial Officer of MultiChoice Africa Proprietary Limited (MultiChoice) and subsequently served as Chief Financial Officer and Chief Operating Officer of DSTV Online, a division of MultiChoice in 2012

Committee memberships:

S A R N
William Somerville
CorpStat Governance Services

Qualifications

FCIS, ACMA, Dip Corporate Law

Age

67

Appointed as Company Secretary on 1 October 2014

Note regarding the Company Secretary
The Company Secretary fulfils no executive management function and is not a director and provides services on an outsourced basis. Accordingly, the Board is satisfied that the Company Secretary maintains an arm’s-length relationship with the executive team, the Board and the individual directors.

Governance

Directorate as at 15 March 2024

Non-executive directors

Abiel

Abiel Mngomezulu (70)

Chairperson (Independent)

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Matsotso Vuso

Matsotso Vuso (51)

(Independent)

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Katlego Tlale

Katlego Tlale (38)

(Independent)

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Vuso

Jeff Mclaughlan (65)

(Independent)

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Nonhlanhla

Nonhlanhla Mabusela-Aikhuere (48)

(Independent)

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David McGluwa

David McGluwa (49)

(Non-Independent)

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Daniel Green

Daniel Green (36)

(Non-Independent)

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Steve

Steve Phiri (67)

(Independent)

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Executive directors

Zanele Matlala

Zanele Matlala (60)

Chief Executive Officer

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Ditabe Chocho

Ditabe Chocho (53)

Financial Director

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Company Secretary

William Somerville

William Somerville (67)

CorpStat Governance Services

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A Audit and Risk Committee

N Nomination Committee

R Remuneration Committee

S Social, Ethics and Transformation Committee

  Chairperson

  Invitee