Board of Directors

Keith Spencer (70)Independent Non-Executive Director (Chairmen)

Keith Spencer (69)

IndependEnt Non-Executive Director (Chairman)

Appointed: 8 October 2007
BSc Eng (Mining)
Committee: Audit, Remuneration, SHEQC (Chairman)

SKILLS AND EXPERIENCE

Keith is a qualified mining engineer with 48 years’ practical mining experience.Since 1986, Keith has held senior positions in some of the largest gold mines in the world including the positions of:

Managing director of Driefontein Consolidated
Chairman and managing director of Deelkraal Gold Mine
Director on the boards of gold mines belonging to Gold Fields, South Africa
Operations director of Metorex

Hester Hickey (66)Independent Non-Executive Director

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Hester Hickey (65)

IndependEnt Non-Executive Director

Appointed: 12 April 2012
CA(SA) BCompt (Hons)
Committee: Audit (Chairperson), SHEQC

Significant Directorships

Northam Platinum Limited
Cashbuild Limited
Barloworld Limited
African Dawn Capital Limited
(resigned on 31 August 2019)

SKILLS AND EXPERIENCE

Hester worked at AngloGold Ashanti, initially as group internal audit manager and later as executive officer: head of risk. Prior to this she worked at Ernst & Young and Liberty Life and was acting head of internal audit at Transnet. In her early career she lectured at the University of Witwatersrand, was a partner at Ironside Greenwood and was the national technical and training manager at BDO Spencer Steward. Hester has also previously served as the chairperson of SAICA.

Thabo Mosololi (50)Independent Non-Executive Director

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Thabo Mosololi (49)

IndependEnt Non-Executive Director

Appointed: 9 December 2013
BCom (Hons), CA(SA)
Committee: Audit, Remuneration, Social and Ethics (Chairman)

Significant Directorships

Chief operating officer of Sun International (for the South African operations)

SKILLS AND EXPERIENCE

Thabo brings a wealth of experience in financial management, corporate governance and audit, having qualified as a chartered accountant with KPMG in 1994. Since then, he has served on various boards as a member and chairman of audit committees in the resources and other industries in South Africa. He continues to operate MFT Investment Holdings, a family owned investment company strategically placed to capitalise on BBBEE investment opportunities.

Charles Needham (66)Independent Non-Executive Director

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Charles Needham (65)

IndependEnt Non-Executive Director

Appointed: 17 July 2019
Articles of Clerkship-Accounting, Dip in Mining Taxation
Committee: Audit, Remuneration

Significant Directorships

Alphamin Resources Corporation
Divitiae Holdings Limited
Imagined Earth Proprietary Limited
Kinsenda Copper Company SARL
METPROP Proprietary Limited
MetQuip Proprietary Limited
Orpheus Property Holdings Proprietary
Limited
Ruashi Holdings Proprietary Limited

SKILLS AND EXPERIENCE

Charles is currently the chairman of Kinsenda Mining Company and Alphamin Resource Corporation (listed on the Toronto Stock Exchange), and consults to Metorex, a subsidiary of the Jinchuan Group. Previous experience includes 31 years at Metorex, with a spread of mining operations in Namibia, South Africa, Zambia and the Democratic Republic of the Congo. Charles progressively held the positions of group accountant, financial director and ultimately chief executive officer, while at Metorex

Yvonne Themba (55)Independent Non-Executive Director

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Yvonne Themba (54)

IndependEnt Non-Executive Director

Appointed: 17 July 2019
BA, MBA
Committee: Remuneration (Chairperson), Social and Ethics

Significant Directorships

Adopt-A-School Foundation non-profit organisations
Canadoce Investments Close Corporation
Bo Themba Projects Proprietary Limited
Clique Marketing Proprietary Limited
Pfortner Solutions Proprietary Limited
Mathomo Packhouse Proprietary Limited
Talamati Asset Managers Proprietary Limited
Talamati Capital Managers Proprietary Limited
Jula Investments Proprietary Limited
Varsbegin Proprietary Limited

SKILLS AND EXPERIENCE

Yvonne Themba is currently the executive director of BoThemba Projects. She was previously responsible for human capital at Phembani Group and Shanduka Group. She headed the group corporate communications department at African Life Assurance Limited and the corporate social investment and corporate communications department at Sanlam. Prior to that she was deputy director of the Life Officers’ Association.

Cobus Loots (42)Executive Director (CEO)

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Cobus Loots (41)

Executive Director, CEO

Appointed: 26 August 2009
CA(SA), CFA^®, Charterholder
Committee: SHEQC

SKILLS AND EXPERIENCE

Cobus has many years of experience in the African mining sector. He qualified as a chartered accountant with Deloitte & Touche in South Africa. Prior to joining Pan African Resources, he held the title of managing director of Shanduka Resources. Shanduka Resources was a mining investment business and part of the Shanduka Group, which was headed by Cyril Ramaphosa prior to his move to the South African government. He has been a director of Pan African Resources since 2009. Cobus served as financial director of Pan African Resources from 2013 until his appointment as chief executive officer on 1 March 2015.

Deon Louw (58)Executive Director (FD)

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Deon Louw (57)

Financial Director

Appointed: 1 March 2015
CA (SA), CFA^® Charterholder, PGD (Tax Law),H-Dip (Tax Law), AMCT (UK)
Committee: Social and Ethics

SKILLS AND EXPERIENCE

Deon has extensive finance and business experience, which includes investment banking, advisory and business administration in the finance and mining sectors. He was a founding member of Investec Bank’s emerging market finance team and was involved in the financing of mining transactions in sub-Saharan Africa for more than a decade. He fulfilled the roles of chief financial officer of Shanduka Coal, financial director of Sentula Mining Limited, director of Resource Finance Advisers and head of resource structured finance at Investec Bank.