Weekly update | African listed companies, director moves (w/c 23 Sep)

Recent director moves include Stanbic IBTC, MCB Group, Old Mutual Malawi and Masimba Holdings Limited.

BANKING

Stanbic IBTC (NGX:STANBIC) has appointed Mrs Olusola David-Borha as board chair. This follows the retirement of Mr Basil Omiyi. Stanbic IBTC is listed on the Nigerian Stock Exchange. Read the full announcement.

ENERGY

Africa Clean Energy Solutions Limited (SEM:ACES) has announced that Mr Andrew Cox has resigned as executive director and chief financial officer of the company. ACES is listed on the Stock Exchange of Mauritius. Read the full announcement.

FINANCIAL SERVICES

MCB Group (SEM:MCBG) has appointed Mr Jayananda Nirsimloo as board chair. This follows the retirement of Mr M G Dider Harel effective 15 November 2024. MCB Group is listed on the Stock Exchange of Mauritius. Read the full announcement.

MINING

Mantengu Mining Limited (JSE:MTU) has announced some board changes: Mr Alistair Collins has resigned as a non-executive director and board chair to be appointed as chief legal officer; Mr Jonas Tshikundamalema has been appointed as board chair; Mr Warren Geyer has been appointed as an independent non-executive director. Mantengu Mining is listed on the Johannesburg Stock Exchange. Read the full announcement.

Thungela Resources Limited (JSE:TGA; LSE:TGA) has appointed Mr Thomas (Tommy) David McKeith as an independent non-executive director of the company. Thungela is listed on the Johannesburg and London stock exchanges. Read the full announcement.

INDUSTRIAL

Masimba Holdings Limited (ZSE:MSHL) has appointed Dr Kupukile Mlambo as a non-executive director following the resignation of Mr Mark Mario Di Nicola. Masimba Holdings is listed on the Zimbabwe Stock Exchange. Read the full announcement.

The Bidvest Group Limited (JSE:BVT; A2X:BVT) has announced the retirement of Mr Norman W Thomson as a non-executive director. Bidvest is listed on the Johannesburg and A2X stock exchanges. Read the full announcement.

enX Group Limited (JSE:ENX) has appointed Mr Robert Lumb as group chief executive officer. This follows the resignation of Mr Andrew Hannington from the same role. enX is listed on the Johannesburg Stock Exchange. Read the full announcement.

REAL ESTATE

Globe Trade Centre S.A. (WSE:GTC; JSE:GTC) has appointed Ms Magdalena Frąckowiak as a member of its supervisory board. This follows the resignation of Mr Sławomir Niemierka. Globe Trade Centre is listed on both the Warsaw and Johannesburg stock exchanges. Read the full announcement.

Grit Real Estate Income Group Limited (SEM:DEL.N0000; SEM:DEL.C0000; LSE:GR1T) has announced the passing of Mr Jonathan (Johnny) Crichton, an independent non-executive director of the company. Grit is listed on the Mauritius and London stock exchanges. Read the full announcement.

CONSUMER GOODS

The board of PZ Cussons Nigeria Plc (NGX:PZ) has approved the appointment of Mr Kareem Moustafa as a director, subject to shareholder ratification at the next company AGM. PZ Cussons Nigeria is listed on the Nigerian Stock Exchange. Read the full announcement.

INVESTMENT MANAGEMENT

Old Mutual Malawi (MSE:OMU) has announced some changes to its senior leadership team: group CEO Ms Edith Jiya will take up a new role at Old Mutual’s Head Office in South Africa (her replacement is still pending regulatory approval); Mr Roy Punungwe will leave the company following the completion of his term as Old Mutual Life Assurance Company (OMLAC) Malawi managing director; Mr Mark Mikwamba, former managing director of Old Mutual Investment Group (OMIG) Malawi, will replace Mr Punungwe as OMLAC Malawi managing director; Mr Mphatso Kasalika will replace Mr Mikwamba as OMIG Malawi managing director. Old Mutual Malawi is listed on the Malawi Stock Exchange. Read the full announcement.

MANUFACTURING

Libstar Holdings Limited (JSE:LBR) has announced that Ms Wendy Luhabe will not be seeking re-election at the next company AGM to be held on or about 30 May 2025. Libstar is listed on the Johannesburg Stock Exchange. Read the full announcement.

ENGINEERING

Julius Berger Nigeria Plc (NGX:JBERGER) has appointed Engr. Dr. Peer Lubasch as director and managing director of the company. This follows the expiration of Engr. Dr. Lars Richter’s contract of employment. Julius Berger is listed on the Nigerian Stock Exchange. Read the full announcement.

Ronchess Global Resources Plc (NGX:RONCHESS) has announced the resignation of Ms Adebimpe Adeboye as an independent non-executive director of the company. Ronchess Global Resources is listed on the Nigerian Stock Exchange. Read the full announcement.

TELECOMS

Shareholders in Botswana Telecommunications Corporation Limited (BSE:BTCL) have approved the appointment of four new directors: Mr Mokgethi Magapa, Mr Mcedisi Solomon, Ms Amantle Kgosiemang and Ms Itelogeng Pheto. BTC is listed on the Botswana Stock Exchange. Read the full announcement.


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