| NAMBITA MAZWI | |
| Independent non-executive director BProc LLB, Dip Company Law, Programme in Business Leadership |

ETHAN DUBE
Group Chief Executive Officer
MSc (Economics), Executive MBA (Sweden)
Ethan is one of the founders of Vunani and has been the group’s chief executive officer since it was established in the late 1990s. He has extensive corporate finance and asset management experience and, prior to establishing Vunani, worked at Standard Chartered Merchant Bank, Southern Asset Managers and Infinity Asset Management.

TAFADZWA MIKA
Chief financial officer
BAcc, CA(SA)
Tafadzwa qualified as a chartered accountant (SA) in 2009 after completing his training contract with Moore Stephens South Africa. He worked as an audit manager at Rain Chartered Accountants from May 2009 to February 2010, after which he joined Vunani. In 2011, he was promoted to the position of group financial manager and, in December 2016, was appointed as the group’s chief financial officer.

BUTANA KHOZA
Executive Director
BCom, PG Dip (Accounting), CA(SA)
Butana established African Harvest Capital with Ethan Dube and has served in a number of senior executive roles within the group. Prior to joining Vunani, he worked at Southern Asset Management and Futuregrowth. He is the chief executive officer of Vunani Fund Managers Proprietary Limited.

MARK ANDERSON
Executive director
BCom (Hons), CTA, CA(SA)
Mark initiated a number of early BEE deals soon after the initial BEE legislation was promulgated in South Africa. He later formed a boutique corporate finance company and advised on the formation of African Harvest Limited in 1997. Mark is responsible for Vunani Capital Proprietary Limited’s private equity segment.

LIONEL JACOBS (74)
Independent non-executive chairman
BCom, MBA
Lionel served as an executive director of Bidvest Group Limited from October 2003 to November 2012, where he was the commercial director of Bidserv, the group’s services division. He is an entrepreneur with extensive negotiating and investment skills, and remains a non-executive director of many of the subsidiaries of the Bidvest Group. He is currently engaged in furthering the prospects of his company, Bassap Ventures Proprietary Limited, and its subsidiaries, where he is the executive director.

MARCEL JA GOLDING (56)
Non-executive director
B Arts (Hons)
Marcel has over 30 years of experience in a number of different industries and sectors. Between 1987 and 1994 he served as an office-bearer in the National Union of Mineworkers (NUM), ultimately becoming the deputy secretary general. He was simultaneously involved in the Congress of South African Trade Unions (Cosatu) from the time of its inception in 1986, and later served as a member of parliament from 1994 to 1997. He was also a founding member and the chairman of the Mineworkers Investment Company (MIC) in 1994.
Marcel cofounded Hosken Consolidated Investments Limited (HCI) in 1997 and served as the executive chairman between 1997 and 2014. He has also served on a number of boards in various capacities, including as the chief executive officer of eTV from 1999 to 2014. His is currently a director of, amongst others, Tsogo Sun Holdings, Geomer Investments Proprietary Limited, Rex Trueform Clothing Company Limited and African & Overseas Enterprises Limited

NAMBITA MAZWI (44)
Independent non-executive director
BProc LLB, Dip Company Law, Programme in Business Leadership
Nambita is an attorney of the High Court of South Africa and is currently the general manager of legal services for Multichoice South Africa Holdings Proprietary Limited (Multichoice), a leading video entertainment and internet company located in Johannesburg.
Prior to joining Multichoice, she held senior management positions at PPC Limited, South African Airways SOC and the Southern Enterprise Development Fund, a venture capital fund with a pan-African focus. Nambita has also practised as a corporate attorney in South Africa and completed executive leadership courses at Harvard Business School (Boston, USA) and Insead (Fontainebleau, France). She was a fellow of the International Women’s Forum in 2013/2014.

ABDUL ISMAIL(71)
Non-executive director
Abdul Ismail (71) is a seasoned business leader and board director with over 45 years of international experience across ICT, telecommunications, financial services, and technology consulting.
He has served as Chairman, Non-Executive Director, CEO, CIO, and advisor across Africa and the Middle East. Notably, he led the successful turnaround of MTN Zambia as CEO from 2011 to 2015.

GORDON NZALO (52)
Independent non-executive director
BCom, BAcc, CA(SA)
Gordon is the group Internal audit executive of Imperial Holdings Limited and has been an independent nonexecutive director of Vunani Limited since November 2009. He has also served on a number of other boards, including those of Austro Group Limited and PSV Holdings Limited. During the course of his career, he has served as a partner at KPMG, Sizwe Ntsaluba and PricewaterhouseCoopers.

JOHN MACEY (56)
Independent non-executive director
B Bus Sci (Hons), BCom (Hons) CA(SA)
John is a chartered accountant (SA) and a registered auditor with over 25 years of financial experience. He has held positions as a lecturer in financial accounting at UCT and as the financial director of several manufacturing companies. He is currently an auditor in public practice and serves on the boards and audit committees of two other listed companies.
Vunani Limited has recently become aware of fraudulent messages circulating on various platforms, including Telegram and WhatsApp, which purport to offer cryptocurrency or other investment opportunities. These messages unlawfully use the Vunani name, logo, and the names of members of our board and management.
Vunani Limited wishes to state unequivocally that neither the Group nor any member of its leadership team is affiliated in any way with Telegram, WhatsApp, or any other social media accounts offering investment opportunities or schemes.
Vunani Limited is a JSE-listed financial services group. The Group and its management do not solicit investments from the public through social media platforms, messaging applications, or informal channels.
We strongly urge all stakeholders and members of the public to exercise caution, remain vigilant, and not engage with any such communications. Any unsolicited investment approach purporting to be associated with Vunani should be treated as fraudulent.
Should you encounter such messages, please disregard them, and report the matter to the relevant platform and authorities.