In terms of the notice of the AGM, Mr Stephen Koseff did not make himself available for re-election at the AGM and therefore retired from the board. As previously announced, Mr Matamela Cyril Ramaphosa (Cyril) resigned from the board effective from the date of the AGM. The board and management of Bidvest thank Stephen and Cyril for their dedication and their valued contribution to the development of Bidvest over many years.

In addition, Mr Lebogang Joseph Mokoena (Lebogang) resigned as alternate director to Mr Alfred da Costa. The board also wishes to thank Lebogang for his contribution.

The following directors were appointed in the year:

Mrs Nompumelelo Thembekile Madisa (Mpumi) as an executive director; and Mrs Sibongile Masinga (Bongi) and Mrs Florah Nolwandle Mantashe (Nolwandle) as independent non-executive directors.

The board welcomes Mpumi, Bongi and Nolwandle to Bidvest.