| In terms of the JSE Listings Requirements, the board of directors (“Board”) of Metrofile Holdings Limited advises that Mr Pfungwa Serima, its Group Chief Executive Officer since 1 February 2016, will step down from his role with effect from 30 September 2024. He will however continue to be available to the Group on a full-time basis until 31 December 2024 to facilitate a smooth transition. Pfungwa has advised the Board of his wish to chart a new path and explore new opportunities after three decades in corporate leadership roles. |
| Pfungwa has made an invaluable contribution to pivoting the Group and driving its digital strategy. Revenue from digital services has increased from less than 1% at the time he joined to 26% as of the end of the 30 June 2024 financial year. Another milestone during Pfungwa’s tenure was the business crossing the R1 billion revenue mark. |
| The Board thanks Pfungwa for his years of leadership and wishes him well as he pursues the next chapter of his career. |
| The Board welcomes the appointment of Mr Thabo Seopa as its Group Chief Executive Officer from 1 October 2024. Thabo is currently an Independent Non-Executive Director of Metrofile. Thabo recently served as interim Chief Executive Officer of AfriGIS, a geospatial information data science company from 1 March 2022 to 31 August 2024. Previously he served as the CEO and Managing Director of Trudon, the publishers of the Yellow Pages and Phone book. During his tenure, Trudon was transformed into a Digital Media company offering website production and hosting, Search Engine optimisation and Social Media Advertising. It also offered optimal digital presence both on its own websites and mobile apps and on partners’ platforms, including Big Tech platforms. Before that, he was an Investment Banker for 7 years with both HSBC and UBS. Thabo joins at a time when the Company continues to build on its digital strategy. The Board believes that Thabo’s experience at Trudon, which transformed the Yellow Pages from a 100% paper-based advertising media company to a digital platform business, will be invaluable as his experience in digital transformation will accelerate the Group’s digital transformation strategy. |
| Following the SENS announcement released on 10 July 2024, the Board further advises that Mr Shivan Mansingh will assume the role of Managing Director of Metrofile Records Management South Africa with effect from 1 October 2024. Shivan will continue in his role as Group Chief Financial Officer until a suitable replacement is found, following which he will continue to serve as an Executive Director of the Group. This change is in line with the Company’s succession plan. |
| The Board wishes Shivan well in his new role. |
| COMMITTEE CHANGES |
| As a result of the changes referenced above, Thabo will relinquish his membership of the Audit, Governance and Risk Committee. The Board is pleased to appoint Mr Andile Khumalo, an Independent Non-Executive Director, as a member of the Strategy and Investment Committee with effect from 1 October 2024. |
| For the full document click the link below: |
| Metrofile Holdings Limited |
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