Business News

• Spear REIT Limited issued R3.6 million in shares to key executives and a prescribed officer.
• The awards were vested and exercised on June 30, 2024, with settlement on July 8, 2024.
• The deemed price per security for the issued shares was R8.65.

• Ms. Janita Breedt Appointment: Ms. Janita Breedt appointed as Chief Financial Officer and Company Secretary, effective August 1, 2024.
• Background and Experience: Ms. Breedt has over a decade of experience in auditing and finance, currently at Nedbank Namibia.
• Board’s Confidence: The Board expressed strong confidence in Ms. Breedt’s expertise and her potential contribution to NAM.

Oando PLC has announced a delay in releasing its 2023 audited financial statements. The company cited the need for more

• Eastern Platinum Limited grants 4,190,000 stock options to directors, officers, and employees.
• Options vest in 90 days, expire on July 2, 2029, allowing purchase of shares at CDN$0.20 each.
• Eastplats aims to incentivize key personnel amidst operations focusing on PGM and chrome assets in South Africa.

• Neo Violet Mokhesi appointed as independent director at Kumba Iron Ore, effective July 1, 2024.
• Mokhesi brings extensive board experience from companies like Barloworld Limited and WDB Investment Holdings.
• Kumba, part of Anglo American plc, exports iron ore globally, serving major markets including China and Japan.

• Appointment of Hanré Bester: Named new CFO effective July 1, 2024, replacing Etienne Prowse.
• Board Committee Changes: Bester appointed to IT Governance and Investment Committees, succeeding Prowse.
• Strategic Implications: Enhances governance and investment oversight amidst Cashbuild’s growth trajectory.