Our Board
INDEPENDENT Non-Executive Directors
BA Mabuza
BA, MBA
Lead Independent Non-executive Director
Date appointed: 1 June 2014
Major external positions, directorships or associations:
Independent non-executive director of the dual listed NinetyOne Group, independent non‑executive director of Adcock Ingram Holdings Limited, non-executive Chairperson of the Industrial Development Corporation and head of the South African BRICS Business Council.
Key skills and experience:
Busi holds the designation of CD(SA) and has held several positions at listed and private South African investment firms, including appointments as Chairperson of the board of Airports Company South Africa Limited and the Central Energy Fund Proprietary Limited. She was also previously a partner at Ethos Private Equity Proprietary Limited.
Busi currently holds the above-mentioned directorships and positions, serving on a number of board committees within these organisations.




MJA GOLDING
BA (Hons)
Independent Non-executive Director
Date appointed: 24 February 2011*
Major external positions, directorships or associations:
Non-executive Chairperson of Texton Property Fund Limited, executive director of Rex Trueform Group Limited and African and Overseas Enterprises Limited, non‑executive director of Vunani Limited, Vunani Capital Partners Limited and Copper 360 Limited, and Chairperson of Geomer Investments Proprietary Limited.
Key skills and experience:
Marcel served as executive Chairperson of Hosken Consolidated Investments Limited and CEO of e-tv until 2014. Prior to this, he was a member of parliament and Deputy General Secretary of the National Union of Mineworkers.
Marcel currently runs a private family investment portfolio.
*MJA Golding was appointed to the board of the holding company of the group on 30 April 2004, prior to the reverse listing of the group into Gold Reef
VE MPHANDE
Elec Eng (Dip)
Independent Non-executive Director
Date appointed: 24 February 2011*
Major external positions, directorships or associations:
Independent non-executive Chairperson of Hosken Consolidated Investments Limited, Independent non-executive Chairperson of HCI Coal Proprietary Limited, and Independent non-executive director of eMedia Holdings Limited.
Key skills and experience:
Elias has served as national organising secretary of the Southern African Clothing and Textile Workers’ Union,
former CEO of Vukani Gaming Corporation, and former Chairperson of Golden Arrow Bus Services.
*VE Mphande was appointed to the board of the holding company of the group on 3 February 2005, prior to the reverse listing of the group into Gold Reef




RD WATSON
Independent Non-executive Director
Date appointed: 1 June 2019
Major external positions, directorships or associations:
Independent non-executive director of Hosken Consolidated Investments Limited, eMedia Holdings Limited and Frontier Holdings Limited.
Key skills and experience:
Rachel served as manager at a regional broadcaster. Prior to this appointment she was employed for 33 years within the clothing industry, serving as a trade union representative and national media officer.
Rachel now holds the abovementioned directorships and positions, serving on a number of board committees within these organisations.