Leadership

JP Rupert (76)

Chairman

Appointed: 18 August 2000

Mr Rupert is the Chairman of Compagnie Financière Richemont SA and the Chairman of Reinet Investments Manager SA, the management company of Reinet Investments S.C.A. He studied economics and company law at 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. Mr Rupert holds honorary doctorates in Law, Economics and Commerce. He served as Chancellor of Stellenbosch University from 2009 to 2019, and is Chairman of the Peace Parks Foundation and the Michelangelo Foundation. He is the Chairman of the Investment Committee and the Remuneration and Nomination Committee.

J Malherbe (70)

Non-executive director

Appointed: 11 October 2006

Dillie is a director of 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 and is a member of the Investment Committee.

PJ Neethling (41)

Non-executive director

Appointed: 28 November 2019

Paul served as an Investment Executive in the corporate finance division of Remgro Management Services Limited, a wholly owned subsidiary of Remgro and has acquired extensive business experience through a number of other directorships. He holds a BCom (Hons) degree in Financial and Investment Management from Stellenbosch University. Paul is a member of the Investment Committee.

AE Rupert (38)

Non-executive director

Appointed: 29 November 2018

Anton has served as non-executive director on the Board of Compagnie Financière Richemont SA since 2017 and is a member of the Strategic Security Committee and was a member of the Nominations Committee until April 2022. He was a director of Watchfinder.co.uk from July 2018 until December 2019. He is a partner of Compagnie Financière Rupert. Since January 2021, he is a member of the Advisory Board of Asia Partners Fund LP I, a regional Southeast Asia private equity fund focusing on growth stage technology-based opportunities. He is a member of the board of GESDA, the Geneva Science and Diplomacy Anticipator.

He has knowledge of and insight into tech start-ups and has had extensive exposure to all the Group’s businesses. He brings valuable insight into changing consumer behaviour in digital marketing and web-based commerce.

SEN De Bruyn (54)

Deputy Chairman and Lead Independent Director

Appointed: 16 March 2015

Sonja has 29 years’ transacting and corporate finance experience in M&A and Private Equity, both in South Africa and internationally. She is a co-founder of Identity Partners, a woman-led investment firm. Sonja was previously Executive Director of Women’s Development Bank Investment Holdings and Vice President at Deutsche Bank, working in their Johannesburg, London and Tokyo offices. She has 24 years’ experience as a director of companies and currently serves as Chairman of TotalEnergies Southern Africa Proprietary Limited and 10X Asset Managers Limited. Sonja previously served on the Boards of Rand Merchant Insurance Holdings Limited, Discovery Group Limited, FirstRand Bank Limited, Anglo-American Platinum Limited and Ethos Private Equity Limited. She is also a member of President Ramaphosa’s Advisory Council on Investment and previously served as a member of JP Morgan’s EMEA Advisory Council.

She is the Chairman of the Audit and Risk Committee (but will retire as Chairman and member of that committee following the conclusion of the Annual General Meeting), and a member of the Social and Ethics Committee and the Remuneration and Nomination Committee.

PJ Moleketi (69)

Independent non‑executive director

Appointed: 4 November 2009

Jabu is 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 several companies listed on the JSE Limited. He is the non-executive Chairman of PPC 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 Remuneration and Nomination Committee and the Social and Ethics Committee.

M Morobe (69)

Independent non-executive director

Appointed: 18 June 2007

Murphy was the National Director of the Programme to Improve Learner Outcomes (PILO) until 2020, a position he assumed in 2013 after seven years as chief executive officer of then JSE-listed Kagiso Media Limited. He has a 51-year career spanning the worlds of student activism, trade unionism, work in the non-governmental sector, politics, the public sector, conservation and the corporate sector. Always seeking fresh challenges, Murphy was in 1994 appointed as the first CEO and Chairman of the Financial and Fiscal Commission. Thereafter, from 2004 to 2006, he joined the Presidency as Head of Communications. He has also served in various board capacities, both in the non-governmental and private sectors, among other things, the Council on Higher Education (1999 – 2000); Chairman, South African National Parks Board (1999 – 2005); Chairman, Ernst & Young (SA) (2001 – 2005); and Chairman, Johannesburg Housing Company (2003 – 2006). Currently, Murphy is Chairman of Wispeco Holdings Proprietary Limited, he serves as a non-executive director of RMB Holdings Limited, and TotalEnergies Marketing South Africa Proprietary Limited, and he is a trustee on the boards of the DG Murray Trust and the Rothschild Foundation. He is Chairman of the Social and Ethics Committee and a member of the Remuneration and Nomination Committee.

GG Nieuwoudt (50)

Independent non-executive director

Appointed: 28 November 2019

Gideon is the founder and managing partner of Southern Right Capital, an advisory board member of SAP Fioneer and an investment committee member of the Stellenbosch Trust. His institutional experience spans leadership roles. He brings deep institutional expertise in global alternative investments, having previously served as director of Alternative Investment Solutions at Edmond de Rothschild, Partner and Portfolio Manager at Silver Creek Capital ($10B AUM), and deputy head of Alternative Investment Research at Union Bancaire Privée. Gideon began his investment career at Watson Wyatt (now WTW). He is a CFA Charterholder and a FAIS Key Individual (Category I, II, and IIA). He is a member of the Audit and Risk Committee and the Investment Committee. He also Chairs the Valuation Committee which is a sub-committee of the Audit and Risk Committee.

KC Ramon (59)

Independent non-executive director

Appointed: 27 November 2025

Christine is a distinguished chartered accountant and accomplished global corporate executive, renowned for her extensive board and leadership experience across multiple industries. During the course of her career, Christine has held prominent positions at several major corporations. She served as Chief Financial Officer and Executive Director at AngloGold Ashanti Limited, a leading global gold mining company, from October 2014 to June 2022, and was appointed interim Chief Executive Officer from September 2020 to August 2021.

Her background also includes serving as Chief Financial Officer and Executive Director at Sasol Limited, a major player in the global energy and chemicals sector, from 2006 to 2013. Additionally, she was CEO and Financial Director at Johnnic Holdings, an investment holding company with interests in media, entertainment, and telecommunications, and previously worked as Financial Controller at New Age Beverages Pepsi.

Christine currently serves as a non-executive director on the boards of Vodafone Plc, Discovery Limited, and Clicks Group Limited. Her previous non-executive board roles include the World Gold Council, International Council on Mining and Metals, MTN Group Limited, International Federation of Accountants, Lafarge SA (France), Rand Refinery, Transnet, and Johnnic Communications.

KS Rantloane (45)

Independent non-executive director

Appointed: 30 November 2020

Lelo is the founder of Ata Capital and is currently a director of Rain Group Holdings Proprietary Limited, SLG Proprietary Limited, Masana Petroleum Solutions Proprietary Limited, Imbewu Capital Partners Proprietary Limited and a trustee of the Click Foundation. Previously, he was Head of Debt Capital Markets at Deutsche Bank AG, Johannesburg. He began his career with Rand Merchant Bank Limited and served as Executive Assistant to the CEOs of FirstRand Limited and FirstRand Bank Limited. He holds a BSc (Hons) degree from the University of Cape Town and a FRM designation from the Global Association of Risk Professionals. He is a member of the Audit and Risk Committee, the Investment Committee and the Social and Ethics Committee.