Rex Trueform Group Limited announced that Ms Luntu Sebatane has resigned from the board of directors with effect from 28 March 2024. The board thanks Luntu for her invaluable contribution to the board and the board sub-committees on which she served, including the audit committee, the remuneration committee and the nomination committee. The board welcomed Ms Bulelwa Ntshingwa as an independent non-executive director with effect from 1 April 2024.

Bulelwa holds a Bachelor of Commerce (Accounting) degree from the University of Cape Town, as well a postgraduate diploma in Development Finance from Stellenbosch University. She is an investment professional who has held various positions over time with RMB Asset Management, the Eskom Pension Fund, Old Mutual Investment Group, Inspired Evolution Investment Management, Stem Power International, PAPE Fund Managers and Mergence Investment Managers. Bulelwa is currently the founder and managing director of Stem WP, a black woman-owned and led advisory and investment firm active in sub-Saharan Africa, with a focus on renewable energy and battery storage.

Bulelwa will, in addition, serve on the audit committee, the nomination committee and the remuneration committee of the company.