Kaydav Group Limited announced that the independent non-executive director, Jonathan Hertz, has resigned from company's board of directors with effect from July 31, 2015, due to increased demands on his time from his various other responsibilities. The Board thanked Jonathan, who was also chairman of the Board's audit and risk committee and the remuneration committee, for more than seven years of committed service to the Group during which his insights and guidance assisted the Group in negotiating difficult economic conditions while establishing a healthy and solid business. The company announced the appointment of another calibre individual to fill the vacancy left by Jonathan's resignation.

Shane van Niekerk has been appointed as independent non-executive director with effect from 1 August 2015. Shane has operational and governance experience gained particularly from his 27 year career at Mr. Price Group from 1983 to 2010. During this time he held various positions including the positions of Chief Operations Officer and Joint Managing Director while serving on Mr. Price Group Limited's board as executive director from 2003 until his retirement in 2010.

He is currently Chief Executive Officer of Pure Pharmacy Holdings. Due to Jonathan's resignation, Boitumelo Tlhabanelo, an independent non-executive director and chartered accountant, has been appointed as chairman of the Board's audit and risk committee with effect from August 1, 2015, while Shane will chair the remuneration committee also with effect from August 1, 2015.