African Bank Investments Limited announced Resignation of Antonio (Toni) Fourie and Thamsanqua (Tami) Sokutu as executive directors, effective from February 6, 2014. Toni subsequently served his notice in early November 2013, indicating his intention to leave the group, subject to further discussions. These discussions have concluded and Toni has confirmed his decision to resign. Tami has been and remains on an extended leave of absence since September 2013 due to health reasons and is making a steady recovery.

Tami retires by rotation as an executive director of the ABIL and African Bank boards. Tami has indicated his intention to step down and leave the group so as to focus on his well being and accordingly will not make himself available for re-election at the AGM.