Metair Investments Limited - Changes To The Board Of Directors And Board Committee

Mr Billy Mawasha

Appointment to the Board and audit and risk committee

Mr Billy Mawasha has been appointed as an independent non-executive director of the Board and member of the Company’s audit and risk committee with effect from 1 March 2018.

Mr Mawasha holds a Bachelor of Science in Electrical Engineering from the University of Cape Town and Government Certificates of Competency for Engineers both in Factories and Mines. He completed the Management Development Programme and the Accelerated Development Programme at the Gordon Institute of Business Science. He is the Richards Bay Managing Director and Rio Tinto Country Head for South Africa. He joined the Rio Tinto Group in July 2017. Mr Mawasha was previously the Executive Head of Operations and Integration at Kumba Iron Ore Limited (an Anglo American Company). He previously worked for the De Beers Group and AngloGold Ashanti Limited in South Africa and Ghana in leadership, operational and technical roles.

Mr Mawasha serves on the board of Foskor (Pty) Limited and is passionate about education and the development of others. He is a member of the University of Witwatersrand Mining School Industry Advisory Council and the Sol Plaatje University Finance and Investment Committee. He is also serves on the board of Symphonia for South Africa, a national non-profit organization promoting quality education for children. In 2017, Mr Mawasha was selected as a Young Global Leader of the World Economic Forum.

Resignation from the audit and risk committee

Mr Leslie Soanes will resign as a member of the Company’s audit and risk committee with effect from 1 March 2018.

The Board would like to thank Mr Soanes for his valuable contribution to the audit and risk committee.


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