Investment Committee

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.

Composition

Member Number
of meetings
Meeting
attendance (%)
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
Other invitees    
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

 

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