Overview of Business

Non-Executive Directors

Remgro Ltd Non-Executive Directors

Executive Directors

Remgro Ltd Executive Directors

Independent Non-Executive Directors

Remgro Ltd Independent Non-Executive Directors

Members of Committees

Audit and Risk Committee

H Wessels (Chairman)
N P Mageza
P J Moleketi
F Robertson

Investment Committee

J P Rupert (Chairman); L Crouse;
J J Durand; G T Ferreira;
P K Harris; J Malherbe

Management Board

J J Durand (Chairman); W E Bührmann;
L Crouse; P J Uys; N J Williams

Remuneration and Nomination Committee

J P Rupert (Chairman); G T Ferreira;
P K Harris; F Robertson

Social and Ethics Committee

H Wessels (Chairman); P J Uys;
N J Williams

Non-Executive Directors

J P Rupert(64)
APPOINTED:18 August 2000

Directorships: Reinet Investments Manager SA (Chairman). He studied economics and company law at the Stellenbosch University and has had an extensive career in international business, banking and finance. After working for Chase Manhattan Bank and Lazard Frères in New York he founded Rand Merchant Bank Limited in 1979. In 1985 he joined the Rembrandt Group. He holds honorary doctorates in Law, Economics and Commerce, is the Chancellor of the Stellenbosch University and Chairman of the Peace Parks Foundation.

E de la H Hertzog(64)
APPOINTED:18 August 2000

Directorships: Non-executive Chairman of Mediclinic International Limited. Dr Hertzog also serves on the board of Distell Group Limited. He obtained a Master of Medicine degree, a Fellowship of the Faculty of Anaesthesiologists and a PhD (honoris causa). He is a past chairman of the Council of Stellenbosch University and has served as non-executive Deputy Chairman of Remgro since June 2005.

J Malherbe(58)
APPOINTED:11 October 2006

Directorships: Directorships: Compagnie Financière Riche­mont SA and Reinet Investments Manager SA. He qualified as a Chartered Accountant and worked with a pre­decessor firm of PricewaterhouseCoopers before joining Rand Merchant Bank Limited in 1985. He joined the Rembrandt Group in 1990.

Independent Non-Executive Directors

G T Ferreira(66)
APPOINTED:4 November 2009

Directorships: Currently the Chairman of RMB Holdings Limited and RMI Holdings Limited. He has been involved in the financial services sector since graduating with commerce degrees from the Stellenbosch University. Previous Chairmanships include AIG (SA) Proprietary Limited, FirstRand Limited, FirstRand Bank Limited, Rand Merchant Bank Limited and the Merchant Bankers Association of South Africa. Previous directorships include Anglo American Corporation Limited, FirstRand Limited, First National Bank Limited, GlenRand MIB Limited, the Industrial Development Corporation, Lenco Limited, Malbak Limited and Momentum Life Limited. He is a member of the Investment Committee, the Remuneration and Nomination Committee and a Trustee of the Remgro Share Trust.

P K Harris(64)
APPOINTED:28 November 2001

Directorships: Non-executive Director of First­Rand Limited, FirstRand Bank Limited and RMB Holdings Limited. Mr Harris is a member of the Remuneration and Nomination Committee, the Investment Committee and a Trustee of the Remgro Share Trust. He graduated from Stellenbosch University with an MComm in Economics and Finance. He co-founded Rand Consolidated Investments, which acquired control of Rand Merchant Bank Limited in 1985. He was a founding board member of FirstRand after the merger of the financial services interests of Anglo American Corpora­tion of South Africa and RMB Holdings Limited.

N P Mageza(59)
APPOINTED:4 November 2009

Directorships: Previously the Chief Operations Officer of the Absa Group. He is a Chartered Certified Accountant and a Fellow of The Association of Chartered Certified Accountants (ACCA) UK, as well as a director of a number of companies including Anglo American Platinum Limited, Eqstra Holdings Limited, MTN Group Limited, RCL Foods Limited and Sappi Limited. He has gained extensive experience through holding various executive positions in the audit, financial services and the transport and logistics sectors. He is a member of the Audit and Risk Committee.

P J Moleketi(57)
APPOINTED:4 November 2009

Directorships: A former Deputy Minister of Finance of the Republic of South Africa and Gauteng Province MEC of Finance and Economic Affairs as well as a director of a number of companies including Annuity Properties Limited, Brait South Africa, Develop­ment Bank of South Africa, Harith Fund Managers, MMI Holdings Limited and Voda­com Group Limited. He holds postgraduate economics and management qualifications from the University of London and Harvard Business School and has extensive international exposure, extensive strategic leadership skills and in-depth corporate governance experience in both the public and private sectors. He is a member of the Audit and Risk Committee.

M Morobe(57)
APPOINTED:18 June 2007

Directorships: Until last year, Mr Morobe served as CEO of Kagiso Media Limited. He has since then assumed the role of Chairman of the Programme to Improve Learner Outcomes (PILO), which is currently a lead service provider to the National Education Collaboration Trust. A committed social and development activist, Mr Morobe has since his release from Robben Island in 1982, continued to involve himself – apart from previous roles in the public service and private sector – with various social causes, mainly relating to youth development, environment and conservation. He also serves on the boards of directors of WWF-SA, Food and Trees for Africa (Chairman), the Steve Biko Foundation and City Year South Africa.

F Robertson(59)
APPOINTED:28 March 2001

Directorships: Executive Deputy Chairman of Brimstone Investment Corporation Limited. Mr Robertson and his business partner formed Brimstone Invest­ments Corporation Limited from a start-up in 1995, which is now listed on the JSE. He is also Chairman of Commlife Holdings, Lion of Africa Insurance Company, Lion of Africa Life Assurance Company Limited, House of Monatic and Sea Harvest Corporation Proprietary Limited. He is a member of the Audit and Risk Committee, the Remuneration and Nomination Committee and a Trustee of the Remgro Share Trust.

H Wessels(69)
APPOINTED:22 August 2008

Directorships: Mr Wessels is a director of Keeromstraat 30 Investments Limited, Naspers Investments Limited, Trencor Limited, Peace Parks Foundation and WWF-SA. A former partner at PricewaterhouseCoopers and former Chairman of the Governing Board of the South African practice, Mr Wessels uses his extensive experience and knowledge as a consultant in financial business matters. He holds a BComm (US), CTA (Unisa) and CA(SA). He is Chairman of the Audit and Risk Com­mittee and attends various other committee meetings as an invitee.

Executive Directors

J J Durand(47)
BAcc (Hons), MPhil (Oxon), CA(SA)
Years of service with the Group: 18

Directorships: Discovery Holdings Limited, Distell Group Limited, FirstRand Limited, Grind­rod Limited, Mediclinic International Limited, RCL Foods Limited, RMI Holdings Limited and Unilever South Africa Holdings Proprietary Limited.

W E Bührmann(59)
BComm, CTA, CA(SA)
Years of service with the Group: 27

Directorships: Chairman of Invenfin Proprietary Limited and a director of Pembani Remgro Infrastructure Managers Proprietary Limited.

L Crouse(61)
BComm, CTA, CA(SA)
Years of service with the Group: 6

Directorships: Dark Fibre Africa Proprietary Limited, FirstRand Limited, FirstRand Bank Limited, MMI Holdings Limited, RMB Holdings Limited and Total South Africa Proprietary Limited.