Wrap Text
Changes to the Board and Board Committees
Mahube Infrastructure Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2015/115237/06)
ISIN: ZAE000290763
JSE code: MHB
("Mahube" or the "Company")
CHANGES TO THE BOARD AND BOARD COMMITTEES
In compliance with paragraph 6.71 of the Listings Requirements of the JSE Limited ("Requirements"), the board
of directors of the Company ("Board") wishes to inform shareholders of the following changes to the Board and
Board committees.
1. Retirement of Directors
Ms Sisanda Tuku and Ms Marion Shikwinya will be retiring by rotation in terms of the Company's memorandum
of incorporation at the upcoming annual general meeting ("AGM") and Ms Tuku, having served as a director for
more than nine years, and Ms Shikwinya have not offered themselves for re-election. They will accordingly retire
as independent non-executive directors of the Board following the conclusion of the AGM.
The Board would like to express its gratitude and appreciation for the invaluable contributions of Ms Tuku and Ms
Shikwinya and wishes them well in their future endeavours.
2. Appointments to the Board
The Board is pleased to announce the appointment of Ms Nthabiseng D Maidi and Ms Thokozile Zambane, as
independent non-executive directors of the Board, with effect from 29 June 2026.
Ms Nthabiseng Maidi
Ms Maidi is a Chartered Accountant CA(SA), entrepreneur, investment professional and experienced board
member with extensive governance, audit, risk, investment committee, corporate finance, private equity and
transformation experience across listed, private, financial services, healthcare, mining, agriculture, logistics,
technology and development-oriented entities. She has served as an independent non-executive director, trustee,
audit committee member, investment committee member and committee chair, including board roles involving
JSE-listed companies, regulated financial services businesses, private equity funds, trusts and owner -managed
enterprises.
Her board contribution is anchored in financial stewardship, governance oversight, investment evaluation, capital
allocation, stakeholder accountability, enterprise development, regulatory compliance and strategic commercial
judgement. She brings a practical combination of boardroom discipline and executive operating experience,
having held CFO, founder, principal advisor, fund management and corporate finance leadership roles.
She has governance and regulatory insight across the Companies Act, PFMA, MFMA, Treasury Regulations,
JSE Listings Requirements, King governance principles, FAIS, FICA, B-BBEE and IFRS, as well as experience
chairing and serving on audit, risk, social and ethics, transformation, investment and special purpose committees.
Ms Thokozile Zambane
Ms Zambane holds a BCom Law and an LLB from the University of Pretoria and an Advanced Certificate in
Corporate Law from the University of the Witwatersrand. She is a member of the Legal Practice Council of South
Africa and the Institute of Directors South Africa. She is an admitted attorney and infrastructure development
specialist with over 15 years of experience in governance, sustainability, infrastructure development, project
finance, and strategic leadership. She is the Founder and Chief Executive Officer of Kani Development Solutions
(Pty) Ltd and has held senior executive positions in infrastructure and investment organisations.
Her career includes advising on major infrastructure, energy, and public -private partnership transactions, as well
as supporting government infrastructure delivery programmes. She has extensive experience in governance, risk
management, legal and regulatory compliance, stakeholder engagement, and socio-economic development
within both public and private sector environments.
Ms Zambane currently serves as an independent trustee and chairperson of the Molteno & Sterkstroom
Community Development Trust and holds advisory roles in business and infrastructure development
organisations. She brings valuable expertise in environmental, social and governance (ESG) matters, ethical
leadership, community participation, sustainability, and responsible corporate citizenship.
In compliance with paragraph 6.73 of the Requirements, the Board confirms that it has conducted the requisite fit
and proper assessment in respect of each newly appointed director, in terms of paragraph 5.6 of the
Requirements, and is satisfied with the outcome of the assessments.
Mahube further confirms that there are no matters requiring disclosure in relation to the integrity information
contained in the director's declarations completed by Ms Maidi and Ms Zambane in compliance with paragraph
6.74 of the Requirements.
The Board welcomes Ms Maidi and Ms Zambane and looks forward to working with them and drawing on their
areas of expertise.
3. Changes to Board Committees
Upon conclusion of the AGM and subject to shareholders approving the relevant resolutions at the AGM, Ms
Maidi will replace Ms Tuku as chairperson of the Audit and Risk Committee and Ms Zambane will replace Ms
Shikwinya as a member of the Audit and Risk Committee and as chairperson of the Social and Ethics Committee.
Sandton
30 June 2026
JSE Sponsor to Mahube
Questco Corporate Advisory Proprietary Limited
Date: 30-06-2026 09:40:00
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