Sabvest Limited announced that Mr. Nigel Hughes has given notice of his wish to retire from the Board effective 31 December 2019. Nigel has been a director since the listing of Sabvest in 1988 and is currently a member of all four board committees, Chair of the Audit and Risk Committee ("Auditcom"), Chair of the Social and Ethics Committee ("SECom") and Lead Independent Director. Ms. Lindiwe Mthimunye-Bakoro (46) M.Com, H. Dip Tax Law, CA (SA), an existing Auditcom member, will take over as Chair of the Auditcom. Mr. Bheki Shongwe (64) BA (Econ,) MBA, ACIS, FCIBM will take over as Chair of the SECom and will be appointed Lead Independent Director. All four committees comprise of three independent directors each and are accordingly properly constituted. The Board will comprise of three executive and three independent non-executive directors. At least one additional independent non- executive director will therefore be appointed shortly.