Hulisani Limited announced that with effect from 26 February 2019, Mr. Malungelo Zilimbola was appointed as an alternate director to Mr. Asanda Notshe on the Hulisani Board. Malungelo is the founder and Chief Investment Officer of asset management firm Mazi Capital and was CEO of Hulisani until 1 July 2017. Malungelo has more than 17 years of investment management experience working with leading financial services organizations including Investec and RMB. The Shareholders also announced that with effect from 31 January 2019, Ms. Dudu Hlatshwayo was appointed as a member to the Audit and Risk Committee. Ms. Hlatshwayo is an independent non-executive director of the company. The company had approved the constitution of a Nomination and Governance Committee with effect 26 February 2019. The Nomination and Governance Committee will comprise of the company's independent non-executive director, Mr. Patilizwe Mdoda as the Chairman and members comprised of Ms. Dudu Hlatshwayo, Mr. Harald Schaaf and Professor Benjamin Marx, all of whom are independent non-executive directors of the Board.