Thungela Resources Appoints Interim Board Members Amid 5% Stock Rise

  • Thungela Resources appoints Yoza Jekwa to audit committee and social, ethics, and transformation committee.
  • Sango Ntsaluba joins the social, ethics, and transformation committee as a member.
  • Interim appointments fill vacancies following the passing of non-executive director Thero Setiloane.

Thungela Resources Limited

Thungela Resources Limited has announced new interim appointments to its board. The company operates under the JSE Share Code: TGA and LSE Share Code: TGA. The interim appointments are necessary due to the recent passing of non-executive director Thero Setiloane.

Key Appointments

Yoza Jekwa, an independent non-executive director, has been appointed to the audit committee. Yoza will also chair the social, ethics, and transformation committee. Sango Ntsaluba, the board chairman, will join the social, ethics, and transformation committee as a member.

Background and Experience

The company believes Yoza Jekwa is highly qualified for these roles. She brings extensive experience from serving on other boards and committees. Her appointment is effective from June 10, 2024.

Committee Changes

These changes are interim until a new non-executive director is appointed. The changes ensure the committees continue to function smoothly.

Conclusion

Thungela Resources Limited has made strategic interim appointments to maintain stability. The company ensures its committees continue to function effectively during this transition. The board expresses confidence in Yoza Jekwa’s qualifications and experience. The interim changes are effective immediately, reflecting the company’s commitment to governance and stability.