Press release

Professor Shirley Zinn and Cora Fernandez appointed to Spur Corporation board.

June 14, 2019

Spur Corporation is pleased to announce the appointment of Prof Shirley Zinn and Ms Cora Fernandez as independent non-executive directors with effect from 17 June 2019.

Shirley Zinn

Shirley is an acclaimed human resources practitioner who has held senior positions in the corporate and public sectors. She holds a PhD from Harvard University and was formerly the head of human resources at Woolworths Holdings, Standard Bank South Africa, Nedbank Group and the South African Revenue Service. She currently provides consulting and advisory services in human resources, transformation, leadership and education. She is an extraordinary professor at the University of Pretoria’s Department of Human Resource Management and is a past president of the Institute for People Management South Africa. Currently Shirley serves on the boards of Sanlam, MTN South Africa, Shoprite Holdings, Afrocentric and AdvTech.

Cora Fernandez

Cora is a Chartered Accountant with significant board experience. Her current directorships include Sphere Holdings, Tiger Brands and she serves as an Independent Trustee on various retirement funds in the Allan Gray stable. Cora has extensive investment management and private equity experience, having previously served as Chief Executive: Institutional Business of Sanlam Investment Management, Managing Director of Sanlam Investment Management and Chief Executive Officer of Sanlam Private Equity.

Commenting on the appointments, Non-Executive Chairman Mike Bosman said, “We are excited and grateful that these two leading women have agreed to join our board. I am certain of the value they will both add to the tasks at hand. At Spur Corporation we see good governance as a critical component that will set us up for success, and being able to call both Shirley and Cora’s wealth of experience is a privilege”. Mike added “Diversity unlocks opportunities and at Spur Corporation we are committed to having different voices at board level to be able to leverage different backgrounds and perspectives to create value.”

Cora Fernandez has been appointed as a member of the Audit Committee and Muzi Kuzwayo retires as a member of the Audit Committee. The Remuneration and Nominations Committees will be combined into one committee. The members of the committee are Shirley Zinn (chair), Muzi Kuzwayo and Mike Bosman.

The Spur Corporation board will now be comprised as follows:

Non- Executive Directors:

Mike Bosman – Non Executive Chairman and member of Remuneration & Nominations Committee

Shirley Zinn – Chair of Remuneration & Nominations Committee

Dineo Molefe – Chair of Audit Committee

Cora Fernandez – Member of the Audit Committee

Mntungwa Morojele – Chair of the Social & Ethics Committee and member of the Audit Committee

Muzi Kuzwayo – Member of the Social & Ethics Committee, and member of the Remuneration & Nominations Committee

Executive Directors:

Pierre Van Tonder – Chief Executive Officer

Mark Farrelly – Chief Operations Officer

Phillip Matthee – Chief Financial Officer

For more information contact Moshe Apleni: Corporate Communications & Transformation Manager: Spur Corporation

Tel: 021 555 5100