In this section
The Investment Committee oversees the approval processes for investments. These ensure alignment with the Group’s agreed strategies and values.
" Having a concise and efficient investment strategy like the VCO is a critical step to reaping the rewards of money well spent."
The Investment Committee oversees the approval processes for investments. These ensure alignment with the Group's agreed strategies and values.
|Joe Madungandaba Non-executive Director (Chairman)||5/5||100|
|Nkateko Munisi Non-executive Director||5/5||100|
|Grathel Motau Independent Non-executive Director||2/2||100|
|Bruno Fernandes Independent Non-executive Director||3/3||100|
|Ahmed Banderker* Group CEO and Executive Director||4/5||80|
|Hannes Boonzaaier Group CFO and Executive Director||5/5||100|
|Willem Britz Executive Director||2/5||40|
|*||Ahmed Banderker attends the committee in his ex-officio capacity as the Group CEO from 1 April 2019.|
Independence of committee: 100%
Key matters the committee focused on
Considered the acquisitions or disposals and first-time investments in the Group
Considered the viability of the capital project and/or acquisition and/or disposal and their potential effect on the Group's cash flow, as well as whether it will fit the Group's overall strategy
Managed capital allocation within the Group
Ensured due diligence procedures when acquiring or disposing of assets
Reviewed and recommended the Group's dividend policy for Board approval