Purple Group Limited announced that Mr. Mark Barnes will step down as Chairman of the Board, however, will remain on the Board as a non-executive Director. Mr. Happy Ntshingila has been appointed to the Board as an independent non-executive director and Chairman of the Board. Happy is Chairman of Washirika 3 Oaks. He was previously Chief Executive Officer at SuperSport International. Prior to that he was Group Chief Marketing and Communications Officer at Barclays Africa. He is the former Deputy Chairman of Brand SA, sits on the Council of the University of Fort Hare, Chairman of the Eminent Persons Group (tasked with transformation in SA sport) and is Chairman of NPI Governance Consulting. Former CEO and founder of the famed HerdBuoys Advertising. Mr. Bonang Mohale has been appointed to the Board as a non-executive director. Bonang is currently the CEO of Business Leadership South Africa (BLSA). Prior to this Bonang was the Vice President of Upstream & Chairman of Shell Downstream South Africa (Pty) Limited. He was CEO of Drake & Scull FM SA (PTY) Ltd, an integrated Facilities Management company owned by the Tsebo Outsourcing Group, where Bonang was also a member of the Executive Committee (Exco). Bonang also served as Chief Executive: shared services and associated companies of Sanlam, was a member of the Exco; alternate director of the Sanlam Limited main board; chairman of the board of TASC; a director of Innofin; Gensec Property Services and Fundamo. Until 2002, he was the Chief Executive: Corporate Marketing, Sanlam. Until August 2001, he was the executive vice president at South African Airways (SAA) responsible for Strategic Alliances, Network Management and Global Sales. Mr. Arnold Forman has been appointed to the Board as an independent non-executive director. Arnold Forman is a chartered accountant having completed articles at Arthur Young, and having worked at PWC locally and internationally. He is currently Chief Executive Officer of The Lubner Group of Companies which portfolio includes Real Estate, Property Development, Retail, Sporting, Financial Investment and Share Trading activities, with a wide range of various private equity businesses. His 24 years of experience in strategy, operations, financial and marketing aspects of these businesses is valuable, broad and always seeking out of the box solutions to promote businesses. His latest business passion is the landmark completion on The Houghton Residential and Hotel Development. From a CSI perspective, he was one of the founders and until last year the financial director of the NPO Afrika Tikkun which focuses on the education and career development of underprivileged township children and youth in South Africa. This NPO has 480 employees with more than 11,000 beneficiaries. Craig Carter will remain as Chairman of the Audit Committee. Arnold Forman and Happy Ntshingila will be the other members of the Audit Committee. Mark Barnes will no longer sit on this committee. Craig Carter will remain Chairman of this committee. Other members will include Mark Barnes and Happy Ntshingila. Bonang Mohale will Chair this committee. Gary van Dyk and Happy Ntshingila will be members of this committee, along with Bradley Leather (Management), Beverly Ferreira (Management) and Justin Pearse (Management). Arnold Forman will Chair the Risk Committee. Members of the Risk Committee will include Charles Savage, Gary van Dyk, Craig Carter, Mark Barnes and Mark Wilkes (VP of Risk).