Wrap Text
Changes to the Afrimat board and committees
AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
("Afrimat" or "the Company")
CHANGES TO THE AFRIMAT BOARD AND COMMITTEES
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Afrimat
shareholders are advised of the following changes to the board of directors of the Company
("the Board").
Appointment of non-executive directors
The Board is pleased to announce the appointment of Messrs Jacques Breytenbach and Pierre
Joubert as non-executive board members with effect from 1 June 2025. These appointments
form part of the Company's strategy to bolster the skillset of the Board, strengthen its overall
governance and strategic oversight capabilities and makes provision for the retirement of the
non-executive directors as disclosed below.
Mr Breytenbach is an extensively experienced and accomplished financial professional and is a
qualified Chartered Accountant (CA(SA)), holds a Postgraduate Diploma in Auditing from the
University of the Witwatersrand, as well as Bachelors and Honours degrees in B.Compt. from
the University of South Africa. Mr Breytenbach has over 25 years' experience in the South
African mining industry, alongside 15 years in Tanzania. He has held executive and senior
financial management roles for over 18 years. He served as Finance Director and Chief
Financial Officer of Petra Diamonds Ltd ("Petra Diamonds"), a diamond mining company listed
on the London Stock Exchange. During his tenure at Petra Diamonds, which ended in 2024, Mr
Breytenbach led several notable corporate finance transactions, including debt raisings, rights
issues, refinancing initiatives, and a capital and debt restructure of approximately US$800
million in response to market volatility during the Covid-19 pandemic.
Mr Joubert holds a B.Eng. in Mining Engineering from the University of Pretoria, a Mine
Manager's Certificate of Competency, a Management Development Programme qualification
from UNISA's School of Business Leadership, and a certificate in Industrial Relations from the
University of the Witwatersrand. He has over 44 years of experience in production and project
management across leading mining and construction companies in Africa. He has led
multidisciplinary teams in successfully developing major mining operations in South Africa,
Zambia, and the Democratic Republic of Congo. His project portfolio includes ultra-deep level
gold mines, high-grade zinc and copper mines, mechanised platinum operations, and a low-
grade copper mine, each executed with a strong focus on safety, operational excellence, and
sustainability. He served as Executive Vice President of Ivanhoe Mines, and until retirement
earlier this year, Mr Joubert has also played a pivotal role in launching and growing new
divisions across broad geographic areas, transforming them into thriving business units.
Retirement of non-executive directors
In addition, shareholders are advised that Mr Gert Coffee, a non-executive director and
member of the Social, ethics and sustainability Committee, who, in terms of the Company's
memorandum of incorporation, is set to retire by rotation at the Company's 2025 annual
general meeting, has not offered himself for re-election and accordingly will retire from the
Board with effect from 23 July 2025.
Ms Phuti Tsukudu, a non-executive director, member of the Social, ethics and sustainability
Committee and Chairman of the Remuneration Committee, has indicated that she will retire
from the Board at the end of the year.
Appointment of Chairman of the Investment Committee
Mr Nicolaas Kruger has been appointed as the Chairman of the Investment Committee of the
Company.
The Board would like to welcome Messrs Breytenbach and Joubert to the Company, and to Mr
Kruger in his role as Chairman of the Investment Committee and wish them well in their
respective positions and look forward to their contributions. The Board also wishes to thank Mr
Coffee and Ms Tsukudu for their extensive and valuable contribution to the Board over their
tenure and wish them well in their future endeavours.
Cape Town
2 June 2025
Sponsor: Valeo Capital
Date: 02-06-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
