Sephaku Holdings Limited
(Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP
ISIN: ZAE000138459 ("SepHold" or "the Company")
Sephaku Cement CEO temporarily hospitalised
The Board of the Company wishes to inform shareholders that Pieter Fourie, the Chief Executive Officer ("CEO") of Dangote Cement South Africa (DCSA) trading as Sephaku Cement was admitted to hospital on Sunday, 9 May 2021 after suffering a stroke. Pieter is currently receiving medical care and is responding well to treatment.
Duan Classen, the Operations Executive, will lead the experienced DCSA executive team as the acting CEO in the interim. Duan has been a member of the executive management in charge of operations since the construction of the plants to date. He holds a Bachelor degree in Metallurgical Engineering from the University of Pretoria, and has previously participated in the Young Managers Development Programme at INSEAD in France and a Management Development Programme at Duke University in the USA. Duan completed his graduate engineer training at De Beers before joining Blue Circle Cement in 1997, where he was involved in Blue Circle Cement's integration into Lafarge in 1998. He subsequently worked for PPC before being appointed to DCSA on 1 January 2008.
Our thoughts and prayers are with Pieter and his family as we respect their privacy and further details will be provided when they become available.
Centurion
11 May 2021
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Enquiries contact: Sakhile Ndlovu | Sephaku Holdings | Investor Relations | 012 612 0210 |
Sponsor: Questco Corporate Advisory (Pty) Ltd |
About Sephaku Holdings Limited
SepHold is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready mixed concrete in Southern Africa. The Company's core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd (Sephaku Cement) and 100% in Metier Mixed Concrete (Pty) Ltd.
www.sephakuholdings.com
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Sephaku Holdings Limited published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 14:17:03 UTC.