Merafe Resources Integrated Annual Report 2018

MERAFE RESOURCES INTEGRATED ANNUAL REPORT 2018 43 Executive directors Zanele Matlala (55) Chief Executive Officer BCom, BCompt (Hons), CA(SA) 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, RAC Limited and Royal Bafokeng Platinum Limited. Zanele is a member of the Social, Ethics and Transformation Committee and an invitee to the Audit and Risk Committee and the Remuneration and Nomination Committee. Ditabe Chocho (48) Financial Director CA(SA), MSc Financial Management 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 Zico Capital (Pty) Ltd, Aflease Gold, Uranium One Limited ,Transnet SOC and Fraser Alexander (Pty) Ltd. He also served as Chief Financial Officer of MultiChoice Africa (Pty) Ltd (“MultiChoice”) and subsequently served as Chief Financial Officer and Chief Operating Officer of DSTV Online, a division of MultiChoice in 2012. Ditabe joined Merafe on 1 August 2018 having previously been the Company’s Chief Financial Officer in 2013 and 2014. Ditabe is a member of the Social, Ethics and Transformation Committee and an invitee to the Audit and Risk Committee and the Remuneration Committee. Post 31 December 2018 non-executive appointment Grathel Motau (44)* (Independent) BCompt, BCompt (Hon) CA(SA) MPhil Development Finance Grathel joined the Merafe Board on 1 January 2019. She was previously an Audit Partner at KPMG’s Energy and Natural Resources. She has also held roles at various organisations including Blue IQ Investments, Industrial Development Corporation and National Treasury. She serves as a non-executive director of Afrocentric Group and Metair Investments Limited. She is an Audit Committee member of the Auditor General of South Africa and Non-Executive Credit Committee Member of the FirstRand Wholesale Credit Committee. Grathel is a member of the Audit and Risk Committee. *Appointed 1 January 2019 Company Secretary CorpStat Governance Services William Somerville (62) FCIS, ACMA, Dip Corporate Law 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. BOARD STATISTICS AS AT 31 DECEMBER 2018 67% of our non-executive Board members are independent 88% of our Board members are black 50% of our Board members are female , all of whom are black 50% of our Board members are independent 75% of our Board members are non-executive directors who do not receive share options or incentives Grathel Motau Zanele Matlala Ditabe Chocho