MOHUBA TO STEP DOWN AS SEPHAKU CEO

JSE-listed Sephaku Holdings (SepHold) announced
onThursday that its CEO Dr Lelau
Mohuba intended to step down on December 31.

Mohuba said he would be willing take up a
nonexecutive position should the company request it. He was a founding SepHold
board member and served as group chairperson from 2005 to 2012.

During his term as CEO from 2012, he helped to
establish the partnership with Dangote Cement to establish Sephaku Cement as
the first new cement manufacturer in South Africa in more than 80 years.

“The time has sadly come for me to hand over the
baton, owing to my health challenges, after 14 years of active involvement in
building a dream in which I still strongly believe.

“I leave a robust company albeit in a depressed economy and am cognisant that there will be challenges in the short to medium term. However, I am confident that SepHold will persevere and enter an exciting period in its history,” Mohuba said.  https://www.engineeringnews.co.za/article/mohuba-to-step-down-as-sephaku-ceo-2019-07-25/rep_id:4136