In a recent announcement to shareholders via the Stock Exchange News Service (SENS), AfroCentric Investment Corporation Limited disclosed a significant change in its leadership structure. The Group Company Secretary, Billy Mokale, who had been in the role, as per the announcement on July 31, 2023, has stepped down, leading to the initiation of a recruitment process for a suitable replacement.
AfroCentric is pleased to inform shareholders that Lebohang Mpumlwana has been appointed as the new Group Company Secretary, effective from January 8, 2024. Lebohang brings a wealth of experience and expertise in corporate governance and mergers and acquisitions (M&A) to her new role.
Lebohang Mpumlwana, an admitted attorney, has gained valuable experience during her tenure at Webber Wentzel and Allen & Overy (LLP) South Africa. She is well-versed in a broad spectrum of corporate governance matters and possesses a deep understanding of local and cross-border commercial transactions.
Prior to joining AfroCentric, Lebohang served as the Group Company Secretary and Legal Counsel at Invicta Holdings Limited. Her role involved overseeing legal matters and providing counsel on corporate governance issues within the group.
Lebohang holds a B.Soc.Sci degree from the University of Cape Town, an LLB degree from the University of the Witwatersrand, and has earned an Executive MBA degree from IE-Brown.
To facilitate a smooth transition, shareholders are encouraged to take note of the following key details:
| Aspect | Details |
|---|---|
| Previous Company Secretary | Billy Mokale |
| Effective Date of Change | January 8, 2024 |
| New Group Company Secretary | Lebohang Mpumlwana |
| Professional Background | Corporate governance and M&A professional |
| Previous Experience | Webber Wentzel, Allen & Overy (LLP) South Africa, Invicta Holdings Limited |
| Educational Qualifications | B.Soc.Sci (University of Cape Town), LLB (University of the Witwatersrand), Executive MBA (IE-Brown) |
The appointment of Lebohang Mpumlwana is a strategic move for AfroCentric, as she brings a combination of legal acumen and corporate governance expertise to the company. Her experience in handling diverse commercial transactions, both locally and internationally, aligns with AfroCentric’s commitment to maintaining high standards of governance and excellence.
This change reflects AfroCentric’s dedication to securing top-tier professionals to drive the company’s growth and uphold its values. The Board expresses confidence in Lebohang’s ability to contribute significantly to the continued success of AfroCentric Investment Corporation Limited.
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