African Phoenix Investments Limited announced that Mr. Samuel Sithole has been appointed as a non-executive director. He has also been appointed as Chairman and member of the Board's Investment Committee, as well as a member of the Audit and Risk Committee. Sam is the Chief Executive Officer and co-founder of Value Capital Partners Proprietary Limited, an investment company managing third party funds as an engaged shareholder in the listed equity space and a current shareholder in Phoenix. He was previously an audit partner at Deloitte and Touche, where he was promoted to the Group Audit Leader of the Financial Services Audit Practice in 2007. Sam served as the Group Financial Director of Brait SE from 1 June 2008 until 30 September 2016, and was a member of the Brait Investment Team from June 2011 to September 2016. Sam is currently a non-executive director for Allied Electronics Corporation Limited and Adcorp Holdings Limited. Ms. Nonzukiso Siyotula has been appointed as an independent non-executive director. She has also been appointed as a member of the Audit and Risk Committee. Zukie held the position of Chief Executive Officer of Thebe Capital at Thebe Investment Corporation from 2014 to 2016. Zukie's previous board memberships include, but are not limited to, Vodacom SA, Combined Motor Holdings Limited and Shell SA. Mr. Oyama Andrew Mabandla has been appointed as an independent non-executive director. He has also been appointed as a member of the Board's Investment Committee, as well as a member of the Remuneration, Transformation, Social and Ethics Committee. Oyama has held various positions over his career, including being the chairman of Vodacom Group Limited and Consol Glass Proprietary Limited, a director of Group Five Limited, Mvela Group Limited, as well as a member of the JP Morgan African Advisory Board.