Non-executive Directors

Laurence (Larry) Nestadt

Independent non-executive chairman
(Born: 1950)

Larry has experienced a long and successful corporate career, both in South Africa and internationally. Larry is a co-founder and former executive director of Investec Bank Limited. He assisted in the creation and strategic development of a number of listed companies such as Capital Alliance Holdings Limited, Super Group Limited, Hosken Consolidated Investments Limited, SIB Holdings Limited and Global Capital Limited. In addition to having served as past chairman on the boards of these aforementioned companies, he is currently the executive chairman of Global Capital (Proprietary) Limited.

Larry has also served on the board of directors of Softline Limited, JCI Limited and Abacus Technologies Holdings Limited. Larry was a former director of the board on a number of non-listed companies, both internationally and locally; namely Stenham Limited (UK) and Prefsure Life Limited (AUS), the Pro Shop Group, Melrose Nissan, SellDirect Marketing (Proprietary) Limited, BCE Foodservice Equipment (Proprietary) Limited and Placo Holdings (Proprietary) Limited. Larry is a respected member of the South African business community. His strategic vision and experience contributes significantly to the board.

Sidney Ellerine

Non-executive director
(Born: 1936)

Sidney served on the board of directors for Ellerine Holdings Limited until his retirement. He was also actively involved in the running of his family business, Ellerine Bros. (Proprietary) Limited, a company involved in the private equity and real estate industry.

** Deceased

Herbert Theledi

Non-executive director
(Born: 1964)
BCom (UNIN), HDip Ed (WITS)

Herbert matriculated from Thembeka High School in 1984. He later obtained a BCom degree from the University of the North. He currently serves as managing director and chairperson of Nthwese Investments Holdings Consortium (Proprietary) Limited. Herbert holds shares and directorships in various multi-faceted businesses operating in the property, warehousing, logistics, motor dealership and distribution industries. Herbert serves in several business and community forums in the country.

Neil Lazarus

Non-Executive Director
(Born: 1958)
BA.LLB (WITS)

Neil graduated from the University of the Witwatersrand in 1981 with a BA LLB degree. After completing his articles, he was admitted as an attorney in 1983. He was admitted as an advocate in 1984 and practised at the Johannesburg bar. He was appointed as senior counsel by President Mandela in 1998. He also served as an acting judge. As an advocate, Neil specialised in corporate restructures, mergers and acquisitions and was involved in significant corporate reorganisations both locally and internationally. Upon leaving the profession in 2000 he became a director of Corpcapital Limited where he established and participated in its corporate finance business. Neil discharged both corporate finance and legal mandates in respect of a number of local and international transactions.

In 2004 Neil became a legal and corporate finance adviser to Netcare Limited. He advised Netcare on its acquisition of the General Hospital group in the UK in 2006. Neil advised Blue Label Investments on its restructure in 2007 and played an important role in helping the group to achieve its listing in November 2007. Neil continues to render legal and corporate advisory services to the group.

He advises the board of directors of a number of listed and non-listed companies on strategic, legal and corporate finance matters. Neil has served on the boards of directors of a number of public and significant non-listed companies.

Reitumetse Jackie Huntley

Non-Executive Director
(Born: 1962)
BProc, LLB (WITS)

Jackie is a practising attorney with the law firm Mkhabela Huntley Adekeye Incorporated. She obtained her BProc and LLB degrees from the University of the Witwatersrand and her Management Advance Programme (MAP) at Wits Business School. Jackie joined Gold Fields of South Africa Limited as a legal adviser in the commercial law department. She subsequently joined Nedbank Limited, where she spent four years.

Jackie has extensive experience in commercial and corporate law, including telecommunications law. She also worked extensively with issues pertaining to low cost housing and advised both the Department of Housing and various other institutions in the housing sector on housing policy issues and their legal aspects. Jackie is also a member of the Telkom board.

Gary Harlow

Non-Executive Director
(Born: 1957)
BBusSci (Hons) (UCT), FCMA, CA(SA)

Gary matriculated in 1975 from the South African College School in Cape Town. After graduating from the University of Cape Town in 1979, he qualified as a Chartered Accountant (SA) in 1982, an Associate of the Chartered Institute of Management Accountants (UK) in 1983 and as a Fellow Chartered Management Accountant (UK) in 1996.

After forging a career in merchant banking, Gary was appointed adviser to the finance department of the African National Congress in the early 1990's regarding developing black economic empowerment policy. In 1992, he played an instrumental role in the creation of Thebe Investment Corporation and also served as joint chief executive officer of Msele Corporate and Merchant Bank, South Africa's first black-controlled merchant bank.

Gary was appointed group chief executive officer of Unihold Limited in 1996, where he led the transformation from an engineering conglomerate holding company to an international IT and telecommunications focused group. Subsequent to leading a management buy-out, Unihold de-listed from the JSE in 2001. Gary has served on numerous private and public company boards, including three listed banking groups.

Joe Mthimunye

Non-Executive Director
(Born: 1965)
BCom (Zululand), BCompt Hons/CTA (UNISA), CA(SA)

Joe Mthimunye qualified as a Chartered Accountant in 1993. After working for KPMG, he joined Nampak Limited in the capacity of group accountant. In 1996, he co-founded Gobodo Incorporated, an accounting practice with eight other partners and it became the biggest black accounting firm in South Africa at the time. In 1999, he led a management buy-out of Gobodo Corporate Finance from the accounting firm and re-branded it as aloeCap (Proprietary) Limited. He currently serves as the executive chairman of aloeCap. He also serves on the Board of directors of non-listed companies where aloeCap Private Equity is invested.

Joe has been a member of the Independent Regulatory Board of Accountants Education Committee from 2001 until 2007. He is a member of various professional bodies including the Securities Regulation Panel and SAICA.

Lucy (Pani) Manage Tyalimpi

Non-Executive Director
(Born: 1962)
BCom (Hons) (UNISA), MBL (UNISA), Diploma in Investment and Portfolio Analysis

Pani is the divisional executive of the Development Bank of Southern Africa, largely responsible for the funding of municipality infrastructure programmes in the Eastern Cape, Mpumalanga and KwaZulu-Natal. Prior to working at the Development Bank of Southern Africa Pani worked for several financial institutions, including Public Investment Corporation (PIC) as the head of Isibaya Fund, being the private arm of the PIC for the funding of BEE transactions, infrastructure development in a socially responsible manner. She also worked for African Harvest Capital and ABN Amro, where she was employed in corporate advisory services. She currently serves on the board of directors of a number of companies and investment committees. Pani brings extensive market and investment knowledge to the board.

Peter Mansour

Non-Executive Director
(Born: 1970)
BSc (Economics), Minor in Engineering from the University of California, San Diego

Peter began his career at Microsoft in 1995 as a Business and Strategy Analyst for MSN. During this period, he helped transition MSN from an internet access business to an internet portal business. He provided analytical and strategic support for several large acquisitions, including Hotmail and WebTV. In 1998, Peter joined the fledgling Windows CE team, where he served as the GPM for Pocket Outlook for the HandheldPC and PocketPC, which would eventually become Windows Mobile. In 2000, Peter left Microsoft to start Sproqit Technologies, where he served as president and CEO for six years. Sproqit's patented thin-client architecture increased performance and simplified development for mobile applications.

Peter returned to Microsoft in 2006, where, as GM of Strategy and Business Development for the Unlimited Potential Group, he created Microsoft's emerging markets mobile payment strategy and lead equity investments in Blue Label Telecoms in South Africa and Oxigen Services India in India. Peter currently runs mobile engineering for Microsoft's emerging market division.