Changes in Board of Directors at Buka Investments Limited

  • Paul Inbona steps down as non-executive director and Chairman of Audit and Risk committee.
  • His departure marks the end of an era of invaluable leadership within the company.
  • Inbona's resignation prompts significant changes in the Board of Directors at Buka Investments Limited.

n compliance with paragraph 3.59 of the JSE Listings Requirements, Buka Investments Limited (JSE code: BKI) has announced significant changes in its Board of Directors, effective as of 3 March 2024. These changes come following the resignation of Paul Inbona as a non-executive director and Chairman of the Audit and Risk committee, effective 29 February 2024.

Outgoing Director and Chairman Resigns

Paul Inbona, a respected figure within the company, has stepped down from his role as a non-executive director and Chairman of the Audit and Risk committee. Inbona’s departure marks the end of an era, during which he provided invaluable insight and leadership to the Board.

New Appointments

In the wake of Inbona’s resignation, Buka Investments Limited has welcomed three new members to its Board of Directors:

NamePosition
Steve NaudeIndependent Non-Executive Director
Member of the Audit and Risk Committee
Member of the Remuneration Committee
Melinda MalanIndependent Non-Executive Director
Chairperson of the Audit and Risk Committee
Mahomed Irfan BuxNon-Executive Director

Profiles of New Directors

  • Steve Naude (CA(SA))(MBA): With over forty years of experience in corporate finance and investment banking, Naude brings a wealth of expertise to the Board. His track record includes serving as a non-executive director on numerous listed companies, and he currently holds key positions in other JSE-listed firms.
  • Melinda Malan (CA (SA)): Malan’s background in managing the audit process and providing financial insights positions her as a strategic asset to Buka. Her reputation for forward-thinking financial leadership makes her a valuable addition to the Board.
  • Mahomed Irfan Bux (B Comm): As the Managing Director and CEO of B&B Media (Pty) Ltd, Bux’s extensive business portfolio adds diversity and depth to the Board. With over 35 years in various industries, his entrepreneurial acumen will be instrumental in guiding Buka’s strategic direction.

Acknowledgement and Welcome

The Board of Buka Investments Limited expresses gratitude to Paul Inbona for his dedicated service to the company and welcomes the new directors, Steve Naude, Melinda Malan, and Mahomed Irfan Bux, to their respective positions. These appointments reflect the company’s commitment to maintaining a strong and diversified leadership team to navigate the evolving business landscape.

Conclusion

As Buka Investments Limited undergoes these changes in its Board of Directors, shareholders can anticipate a continued focus on strategic growth and sound corporate governance. The addition of experienced professionals like Naude, Malan, and Bux underscores the company’s dedication to driving sustainable value for its stakeholders.

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