African Phoenix Investments Limited announced the appointment of Ms. Mahlatse Kabi as an independent non-executive director. She is currently serving on the boards of Stangen Insurance Company, Verimark Limited, JM Busha Asset Management Company and Rand Water Foundation. She previously served on the boards and sub-committees of various portfolio companies of MIC. Ms. Reshma Mathura has been appointed as an independent non-executive director. Reshma has over 18 years' experience in financial management. She is the executive director of finance at Unisa. Ms. Carmen le Grange has resigned as an independent non-executive director of the Board.