African Phoenix Investments Limited announced that Mr. Alton Solomons has been appointed as an independent non-executive director. Alton has over 18 years' post articles experience in the investments industry, primarily in Private Equity. Alton is currently a non-executive director at Ademia Capital Proprietary Limited, Coidlink Proprietary Limited and Play Africa Group NOC. For the 7 years prior to January 2019 Alton served as the Chief Executive Officer of Sanlam Private Equity. Mr. Monde Nkosi has been appointed as a non-executive director. Monde is an Investment Professional at Value Capital Partners ("VCP") and a non-executive director of Adcorp Holdings Limited. Prior to joining VCP, he was a Senior Associate on the investment team of FFL Partners. Mr. Samuel Sithole ("Sam") has resigned as a non-executive director of the Board. The Board also announced the appointment of Thiru Pather and Alton Solomons (both independent non-executive directors) as members of the Audit and Risk Committee. Reshma Mathura remains the chairperson of this committee. Following her appointment as the chairperson of the Board, Alethea Conrad resigns as a member of the Audit and Risk Committee.