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Rand Merchant Investment Holdings Ltd (RMIJ.J)

RMIJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Jannie Durand

51 2018 Non-Executive Chairman of the Board

Herman Bosman

49 2015 Chief Executive Officer, Finance Director, Executive Director

Jacobus Human

2011 Company Secretary

Mafison Morobe

61 2018 Lead Independent Director

Peter Cooper

62 2014 Non-Executive Director

Lauritz Dippenaar

69 2010 Non-Executive Director

Paul Harris

68 2010 Non-Executive Director

Albertinah Kekana

45 2017 Non-Executive Director

Obakeng Phetwe

40 2013 Non-Executive Director

Johannes Burger

59 2014 Independent Non-Executive Director

Sonja De Bruyn

46 2010 Independent Non-Executive Director

Per-Erik Lagerstrom

54 2014 Independent Non-Executive Director

Matsotso Mahlare

43 2018 Non-Executive Independent Director

Ralph Mupita

46 2018 Non-Executive Independent Director

James Teeger

51 2018 Non-Executive Independent Director

Biographies

Name Description

Jannie Durand

Mr. Jannie Jonathan Durand, BAcc (Hons), MPhil, CA (SA), has been appointed as Non-Executive Chairman of the Board of Rand Merchant Insurance Holdings Limited effective 31 March 2018. Jannie studied at the University of Stellenbosch and after obtaining his BAcc degree in 1989 and BAcc (Hons) degree in 1990, he obtained his MPhil (Management Studies) degree from Oxford in 1992. He qualified as a chartered accountant in 1995. He joined the Rembrandt Group in 1996. He became financial director of VenFin Limited in 2000 and chief executive in May 2006. Jannie was appointed chief investment officer of Remgro Limited in November 2009 and chief executive from 7 May 2012.

Herman Bosman

Mr. Herman Lambertus Bosman, BCom (Law), LLB, LLM, CFA serves as a Chief Executive Officer, Financial Director, Executive Director of Rand Merchant Insurance Holdings Limited. He was with RMB for 12 years and ultimately headed up its corporate finance practice between 2000 and 2006. He returned to the group in 2014 after serving as chief executive of Deutsche Bank South Africa from 2006 to 2013.

Jacobus Human

Mr. Jacobus Schalk Human, MCom CA(SA), is a Company Secretary of Rand Merchant Insurance Holdings Limited. He has been in the employ of the greater insurance group since 1999 as financial manager in Momentum's head office.

Mafison Morobe

Mr. Mafison Murphy Morobe is Lead Independent Director of Rand Merchant Insurance Holdings Limited. After finishing a seven-year stint as chief executive of Kagiso Media Limited, Murphy assumed the role of chairman and national director of the Programme to Improve Learner Outcomes (PILO) in 2013. PILO is currently a lead service provider to the National Education Collaboration Trust. As a committed social and development activist, Murphy has since his release from Robben Island in 1982, continued to involve himself with various social causes, mainly relating to youth development, environment and conservation, apart from roles in the public service which included being chairman of the Financial and Fiscal Commission (1994 – 2004) and other roles in the private sector. He also serves on the boards of directors of WWF-SA, the Steve Biko Foundation and City Year South Africa.

Peter Cooper

Mr. Peter Cooper, BCom (Hons), CA(SA), HDipTax serves as a Non-Executive Director of the Company. Peter graduated from the University of Cape Town. After qualifying as a chartered accountant in 1981, he worked in the financial services sector, first as a tax consultant and later specialising in structured finance. Peter joined RMB’s Special Projects division in 1992 and transferred to RMH in 1997. He is the immediate past chief executive of RMI, as well as its sister company, RMH.

Lauritz Dippenaar

Mr. Lauritz Lanser Dippenaar, MCom, CA (SA), serves as a Non-Executive Director of Rand Merchant Insurance Holdings Limited. Laurie was a co-founder of RCI in 1977. He became an executive director of RMB in 1985 and managing director of RMB in 1988, a position he held until 1992 when RMH acquired a controlling interest in Momentum. He served as executive chairman of Momentum from 1992 until the formation of FirstRand in 1998. He was appointed as the first chief executive of FirstRand and held this position until the end of 2005, when he assumed a non-executive role. He was chairman of FirstRand from November 2008 until 31 March 2018. He is the non-executive chairman of OUTsurance.

Paul Harris

Mr. Paul Kenneth Harris, MCom, serves as a Non-Executive Director of Rand Merchant Insurance Holdings Limited. Paul was a co-founder of RCI in 1977 and became an executive director of RMB in 1985. He spent four years in Australia where he founded Australian Gilt Securities (later to become RMB Australia) and returned to South Africa in 1991 as deputy managing director of RMB. In 1992 he took over as chief executive. Subsequent to the formation of FirstRand, he was appointed as chief executive of FirstRand Bank Holdings in 1999, a position he held until December 2005 when he was appointed as chief executive of FirstRand. He retired from his executive position at the end of December 2009 and remained on the board of FirstRand until April 2018.

Albertinah Kekana

Ms. Albertinah Kekana is Non-Executive Director of the Company. Albertinah Kekana is the chief executive of Royal Bafokeng Holdings Proprietary Limited. She has extensive asset management, investment banking and business leadership experience. She was previously the COO of the Public Investment Corporation.

Obakeng Phetwe

Mr. Obakeng Phetwe serves as a Non-Executive Director of Rand Merchant Insurance Holdings Limited. Obakeng is the chief executive of the Royal Bafokeng Nation Development Trust, which holds all the commercial assets on behalf of the Royal Bafokeng Nation.

Johannes Burger

Mr. Johannes Petrus Burger serves as an Independent Non-Executive Director of Rand Merchant Insurance Holdings Limited. Johan joined RMB in 1986, where he performed a number of roles before being appointed financial director in 1995. Following the formation of FirstRand Limited in 1998, he was appointed financial director of the FirstRand banking group and in 2002 was appointed CFO of the FirstRand group. In addition to his role as group CFO, Johan was appointed as group COO in 2009 and deputy chief executive in October 2013. He was appointed as chief executive in October 2016 and held this role until March 2018.

Sonja De Bruyn

Ms. Sonja Emilia Ncumisa De Bruyn, LLB (Hons) LSE, MA (McGill), SFA, serves as an Independent Non-Executive Director of Rand Merchant Insurance Holdings Limited. Sonja is a principal partner of Identity Partners, an investment firm which holds equity investments, carries out advisory work and facilitates finance for SMEs by the Identity Development Fund. Sonja’s areas of study included law, business and economics, which served her well as vice president of Mergers and Acquisitions and Corporate Finance of the investment banking division of Deutsche Bank. She played an integral part in WDB Investment Holdings participating in FirstRand’s BBBEE transactions.

Per-Erik Lagerstrom

Mr. Per-Erik Lagerstrom serves as an Independent Non-Executive Director of Rand Merchant Insurance Holdings Limited. He is the co-founder of the Energos group, specialists in big data solutions for human capital. Previously he was a partner at McKinsey & Company where he headed up the Financial Services Sector and the Organisation Practice.

Matsotso Mahlare

Ms. Matsotso Mamongae Mahlare has been appointed as Non-Executive Independent Director of the company effective 31 March 2018. Mamongae is the managing director of Illovo Sugar SA. Previously she was head of alternate beverages at Coca Cola Beverages South Africa, held various positions at SABMiller’s operations in Tanzania and Mozambique and was an associate consultant at Bain & Company.

Ralph Mupita

Mr. Ralph Tendai Mupita is Non-Executive Independent Director of the company. Ralph Mupita, MBA (UCT), BSc (Engineering)(Honours), is the chief financial officer and executive director of MTN. He is the past chief executive officer of Old Mutual Emerging Markets covering life insurance, asset management, general insurance, lending and banking businesses in Africa, Latin America and Asia.

James Teeger

Mr. James Teeger is Non-Executive Independent Director of the company effective 31 March 2018. James Teeger, BCom, CA(SA), leads the investment activities of the Oppenheimer family. He was previously a director of De Beers and spent 12 years at RMB where he held the position of co-head of structured finance.

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