Village Main Reef reshuffles board

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Village Main Reef on the path of recovery

Octavia Matloa, former non-executive director of Great Basin Gold, has been appointed as deputy chairman and lead independent non-executive director.

Telkom’s former managing executive of business services, Godfrey Nteole will take over as an independent non-executive director following the resignation of Village’s director, Khetiwe McClain.

[DATA VIL:Village Main Reef] stated that McClain would be pursuing opportunities related to the rehabilitation of Buffelsfontein Gold Mine, a Village subsidiary.

(READ MORE: Village Main Reef hits R1.5 billion revenue)

Dalu Ncube also resigned, to pursue personal business ventures which may cause a conflict of interest with his current role as an executive director of Village Main Reef.

The mining company added that the current restructure supports Village’s objectives of having an appropriately-sized board of directors.

Bernard Swanepoel, chairman of the board said, “We congratulate Ms Matloa on her appointment as deputy chairman and welcome Mr Ntoele to the board.”

“I would like to thank all members of the Village board for their various contributions during the past few years and wish Ms McClain and Mr Ncube well in their future endeavours.”