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SEPHAKU HOLDINGS LIMITED - Sephaku Cement CEO temporarily hospitalised

Release Date: 11/05/2021 16:00
Code(s): SEP     PDF:  
Wrap Text
Sephaku Cement CEO temporarily hospitalised

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“SepHold” or “the Company”)



                               Sephaku Cement CEO temporarily hospitalised

The Board of the Company wishes to inform shareholders that Pieter Fourie, the Chief Executive Officer
(“CEO”) of Dangote Cement South Africa (DCSA) trading as Sephaku Cement was admitted to hospital
on Sunday, 9 May 2021 after suffering a stroke. Pieter is currently receiving medical care and is
responding well to treatment.

Duan Classen, the Operations Executive, will lead the experienced DCSA executive team as the acting
CEO in the interim. Duan has been a member of the executive management in charge of operations
since the construction of the plants to date. He holds a Bachelor degree in Metallurgical Engineering
from the University of Pretoria, and has previously participated in the Young Managers Development
Programme at INSEAD in France and a Management Development Programme at Duke University in
the USA. Duan completed his graduate engineer training at De Beers before joining Blue Circle Cement
in 1997, where he was involved in Blue Circle Cement’s integration into Lafarge in 1998. He
subsequently worked for PPC before being appointed to DCSA on 1 January 2008.

Our thoughts and prayers are with Pieter and his family as we respect their privacy and further details
will be provided when they become available.

Centurion
11 May 2021
_________________________________________________________________________________
Enquiries contact: Sakhile Ndlovu              Sephaku Holdings            Investor Relations           012 612 0210

Sponsor: Questco Corporate Advisory (Pty) Ltd

About Sephaku Holdings Limited
SepHold is a building and construction materials company with a portfolio of investments in the cement sector in South Africa.
The strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready
mixed concrete in Southern Africa. The Company's core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd
(Sephaku Cement) and 100% in Metier Mixed Concrete (Pty) Ltd.
www.sephakuholdings.com

Date: 11-05-2021 04:00:00
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