Question NW1269 to the Minister of Public Enterprises

(1)

The Alexkor Board of Directors comprises of business and professional people. They have expertise inter alia in legal and property, public policy, electronic engineering, building and construction, strategic leadership and corporate governance. Senior Management also has mining and financial expertise.

TYPE:

NAME:

GENDER:

RACE:

QUALIFICATIONS:

SKILLS:

EXPE-RIENCE IN THE MINING SECTOR:

BOARD OF DIRECTORS

Ms Hantsi Bhetilda Matseke

(Chairperson)

Female

African

Diploma in Personal Computing, Diploma in Software Supporting, Diploma in Marketing and New Managers Program

Leadership, Business Management and development

Ms Matseke is the Chief Executive Officer of the Maono Construction and Property Development firm. She has over

eight years’ experience in the industry

NO

Mr Tshediso John Matona

Male

African

Master of Arts (Development Economics), Bachelor of Social Science, Honours and Bachelor of Social Science

Economics, Public Policy and Leadership

Mr Matona, previously Chief Executive of Eskom. Previously he was the Director-General of the Department of Public Enterprises.

An economist by training and an

experienced public administrator. He has 21 years of senior management experience and skills

in the fields of international trade and diplomacy, export promotion, investment promotion, industrial development, enterprise development, economic regulation and corporate governance.

YES

TYPE:

NAME:

GENDER:

RACE:

QUALIFICATIONS:

SKILLS:

EXPERIENCE IN THE MINING SECTOR:

EXECUTIVE BOARD MEMBERS

Mr Lemogang Pitsoe

(CEO)

Male

African

Master’s in Business Leadership (MBL), B-Tech Degree in Mining Engineering, Diploma in Investment Management

Mr Pitsoe has extensive exposure and experience in wide variety of mining projects, operations, aspects, ores and minerals inclusive of chrome, iron ore, copper, coal, diamonds, platinum and tanzanite

YES

Ms Adila Chowan

(CFO)

Female

Indian

Chartered Accountant (SA)

Bachelor of Accounting, Post-Graduate Diploma in Accounting (CTA)

Ms Chowan has financial management experience in both public and private companies. She was previously a deputy director general at the Department of Public Works. She has held various positions at Imperial Group, CEF,RMB, Ernest & Young, Deloitte & Touché,

YES

(2)

It has always been important for Alexkor SOC (Alexkor) Limited that the structures of the community be properly constituted and for the community elected representatives to be trained on the Deed of Settlement (DoS). Several attempts were made by Alexkor to train the community elective representatives to understand their rights and responsibilities in terms of the DoS, as Alexkor paid for training for the community structures on the DoS. In addition to this and before the Court Application was launched, Alexkor spent approximately R 4.6 million on legal fees in appointing Duncan Korabie Attorneys to perform legal services for and on behalf of the Richtersveld Communal Property Association (CPA), with a specific focus on matters relating to the DoS and in an attempt to ensure that the community is able to assist Alexkor in the proper and successful implementation of the DoS. Furthermore, Alexkor paid R739 724 on training for Community Members. The table below details the breakdown of the training expenses and Community Members:

Due to the lapsing of the terms of office of the previously elected Directors of the Richtersveld Mining Company (RMC), the company was left with one Director, whom was not even from the Richtersveld Community. The Community was informed via its various structures during January and February 2016 about the fact that the PSJV Board was not properly constituted.

Alexkor was left with no alternative other than approach the Courts to appoint 3 (THREE) interim Directors to represent the RMC on the Board of the PSJV.

On 16 August 2016 the High Court of the Western Cape declared that the community structures, including the RMC were not properly constituted, and subsequently appointed 3 (THREE) interim Directors to represent the RMC on the Board of the PSJV. The Court declared that the interim Directors will remain on the PSJV until the Community holds elections and appoints Directors to all the community and company structures. The Community has still not held elections and appointed their own Directors. The elections are anticipated to take place during July 2018.

(3)

The PSJV has confirmed that the proceeds from the declared dividends are held in a secure account to prevent mismanagement and to ensure that the financial interest of the Richtersveld Community is protected. The Court appointed Directors are not involved in the utilisation of financial proceeds from the PSJV.