Governance

Directorate at 31 December 2019

Abiel Mngomezulu  

Non-executive directors

Abiel Mngomezulu (66)

Chairperson

(Independent)

BSc (Hons), MSc Engineering (Mining)

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. He is currently also a director at Tshikululu Social Investments. Abiel is Chairperson of the Merafe Nomination Committee, an invitee to the Audit and Risk Committee and a member of the Social, Ethics and Transformation Committee.

Belese Majova  

Belese Majova (45)

(Independent)

BCompt, MBA, Certified Ethics Officer

Belese joined the Merafe Board in January 2009 as an independent non-executive director. She is currently Chief Executive of Zeleb Holdings, a company with interests in a number of sectors including business management consultancy; property development and property management as well as commercial farming. She also serves on other boards both in the private and public sectors. Belese is Chairperson of the Social, Ethics and Transformation Committee and is a member of the Audit and Risk Committee.

Mpho Mosweu  

Mpho Mosweu (44)

(Non-independent)

CA(SA), MBL

Mpho Mosweu joined our Board in March 2011. She is Head of Workout and Restructuring at the IDC. She currently serves on various boards and audit and risk committees. She has extensive commercial and governance experience. Mpho is a member of the Social, Ethics and Transformation Committee.

Matsotso Vuso  

Matsotso Vuso (47)

(Independent)

CA(SA)

Matsotso joined our Board in 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. Matsotso is the Chairperson of the Audit and Risk Committee.

Shaun Blankfield  

Shaun Blankfield (37)

(Non-independent)

CA(SA)

Shaun joined our Board in 2015 and is the Head of Mergers and Acquisitions for Glencore Coal based in Australia. Shaun is a qualified Chartered Accountant and served articles with Deloitte South Africa. Shaun joined Glencore in South Africa before assuming the role in Australia. Previously, he worked as a manager in the Corporate Finance and Accounting Advisory Services team at Deloitte, Sydney in Australia. Shaun is a member of the Remuneration and Nomination Committee.

Grathel Motau  

Grathel Motau (45)

(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 Harmony Gold Mining Limited and Metair Investments Limited. She is a non-executive credit committee member of First Rands Financial Insititutions Credit Committee and the IDC’s Special Credit Committee. Grathel is a member of the Audit and Risk Committee.

Jeff Mclaughlan  

Jeff Mclaughlan (61)

(Independent)

MBA, NDIP Elect, Cert Eng

Jeff joined our 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. Jeff is Chairperson of the Remuneration Committee and serves on the Nomination Committee.

Zanele Matlala  

Executive directors

Zanele Matlala (56)

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  

Ditabe Chocho (49)

Financial Director

CA(SA), MSc Financial Management

Ditabe joined Merafe on 1 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 Zico Capital Proprietary Limited, Aflease Gold, Uranium One Limited ,Transnet SOC and Fraser Alexander 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. Ditabe is a member of the Social, Ethics and Transformation Committee and an invitee to the Audit and Risk Committee and the Remuneration Committee.

   

Company Secretary

William Somerville (63)

CorpStat Governance Services

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.

The Board at 6 March 2020 comprised Abiel Mngomezulu, Belese Majova, Mpho Mosweu, Matsotso Vuso, Shaun Blankfield, Grathel Motau, Jeff Mclaughlan, Zanele Matlala and Ditabe Chocho.


BOARD STATISTICS AS AT 31 DECEMBER 2019

56%
of our Board members are female, all of whom are black
(2018: 50%)
    78%
of our Board members are black
(2018: 88%)
    67%
of our non-executive Board members are independent
(2018: 67%)
    56%
of our Board members are independent
(2018: 50%)
    75%
of our Board members are non-executive directors who do not receive share options or incentives
(2018: 75%)