CSG Holdings Limited announced Mr. Petrus Johannes Jacobus Dry ("Pieter") will step down as Chief Executive Officer of CSG Holdings with effect from 31 March 2021, being the end of the current financial year. The Board announced that Mr. Jacobus Gerrit Nieuwoudt ("Kobus"), the current Chief Operating Officer ("COO") of the Company, will succeed Pieter as CEO with effect from 1 April 2021. Kobus has been with the group since 2007 and served as Group Operational Officer and board member from 2013. Since 2020, Pieter has indicated that he would like to spend more time with his family and focus on new business ventures. Accordingly, as part of the CSG Strategy, Pieter focused on consolidating the position of CEO and COO into one position for the last two years which has now been successfully completed. Pieter has however agreed to stay on as a consultant to CSG Holdings for a period after his resignation in order to ensure that the last portion of his roles and responsibilities are handed over smoothly to Kobus to ensure a seamless transition.