- Reviewed consolidated financial results for the year ended 31 August 2011
- Audited consolidated financial results for the year ended 28 February 2011

Directorate

Terry Bantock (50) CEO
B Bus Sci (Hons)
Terry’s appointment as Executive Chairman came into effect on 9 February 2010. Subsequently, He assumed the role of group CEO as a consequence of the decision to appoint an Independent Non-Executive Chairman. Terry’s 20-year career has been predominated by the Supply Chain and Logistics sector of the economy (largely with Imperial Logistics, a division of Imperial Holdings Limited) and thereafter the Private Equity environment, with Brait SA Limited as an Industrial Advisor. Terry is also a shareholder and non-executive director of a private logistics business, AVL Solutions.

Christie Els (46) CFO
CA(SA)
Christie qualified as a Chartered Accountant in 1989 and has 12 years of financial management experience, at an executive level. He has further held the position of Financial Director of Imperial Logistics and later the position of Commercial Director of Imperial Consumer Logistics (divisions of Imperial Holdings Limited). Christie, was an active member of building the Imperial Logistics business to a group consisting of over 60 operating companies with a turnover in excess of R6 billion.

Non-Executive Directors

	Dennis Mack (42) CA(SA) Dennis is currently a director of Brait SA Limited and a principal of Brait Fund IV. He joined Brait in 2001 and remains responsible for investments in payment services, industrial services and manufacturing. Dennis is a chartered accountant who has worked in corporate finance at Marriott Merchant Bank and Arthur Andersen in London.
	Malcolm McCulloch (57) CA(SA) Malcolm has 25 years’ experience in the infrastructure industry. He also has experience in general construction and project management. Previously the Chief Operating Officer of Murray and Roberts, he is currently the CEO of Capital Africa Steel. Malcolm is also a member of the WBHO Limited Board, a Director of Kelly Group Limited, Alert Steel Holdings and Chairman of Wilderness Safaris Limited.
	Bulelani Ngcuka (57) BProc LLB MA Since admission as an attorney in 1980 Bulelani has held senior positions in various law firms. He has also been involved in a number of committees and was elected to the Senate as Chief Whip of the ANC in 1994. In 1997 he was elected as Deputy Chairman of the National Council of Provinces. Bulelani was also the former National Director of Public Prosecutions. Previously the Executive Chairman of Amabubesi Investments (Pty) Limited, he co-founded Vuwa Investments (Pty) Limited in 2006. Bulelani currently serves on the Boards of various public and other companies.
	Graeme Montgomery (51) BA LLB MBA Graeme has over 10 years of banking experience. He has held the positions of the Head of the Corporate Banking Division as well as Head of the Private Bank at Standard Bank Limited. He was also a member of the Executive Committee of the Corporate and Investment Banking Division, as well as member of the Global Personal and Business Banking Executive Committee and the Global Wealth Executive Committee. In January 2010 Graeme joined Brait SA Limited as a Senior Industrial Advisor.

Independent Non-Executive Directors

	Colin Brayshaw (76) Chairman of Remuneration Committee and Chairman of Audit and Risk Committee CA(SA) FCA (England and Wales) Colin is a Chartered Accountant in South Africa and a Fellow of the Institute of Accountants in England and Wales. He has been a partner at various auditing firms and was the Managing Partner of Deloitte& Touche and then Chairman of the firm. Currently, he is Chairman of Metmar Limited and non-executive director of various public and other companies. Colin is also the Trustee of St Andrews College Foundation and Chairman of Business Against Crime Trust.
	Colin Wood (76) Independent Non-Executive Chairman of the Board CA(SA) PMD (Harvard) Colin formerly worked for 17 years in the accounting profession with Stewart Steyn (now Ernst & Young). His career has included the role of Chairman of Boart Longyear Limited and LTA Limited and Deputy Chairman of Anglo American Industrial Corporation Limited.
	David Lamola (68) Chairman of the Transformation Committee Advanced Diploma in Labour Law BA CIS and MBL, M Applied Theology David is an Independent Non-Executive Director of various companies. He has previously held positions of Senior General Manager in human resources, SMMEs and CEO of a Development Corporation. David has also been a Senior Lecturer in Business Finance, Advanced Accounting and Costing, and Corporate Governance at Unisa.