Board of directors

Duncan Lewis - Chief Executive Officer

Nationality: South African

Biography: Duncan commenced his professional career in industrial marketing prior to joining PnS in 2003. His trajectory within this company led to his appointment as its CEO in 2013. In 2019, he assumed the role of CEO of the CA&S Group.

Board Attendance: 4/4

Frans Reichert - Chief Financial Officer

Qualifications: CA (SA)

Nationality: South African

Biography: Frans has served as the Chief Financial Officer of the CA&S Group since 2018. In 2020, Frans was appointed as a full-time executive financial director, further solidifying his integral role within the organisation.

Board Attendance: 4/4

Johan Holtzhausen - Independent non-executive Chairperson

Qualifications: B.Iuris <i>(Cum Laude)</i>, LLB, HDip Tax South African

Nationality: South African

Biography: During his 26-year tenure as managing director (and now Chairperson) of a leading corporate finance house, Johan has played a pivotal role in a multitude of listings, mergers and acquisitions, cross-border transactions (spanning across most SADC countries), as well as notable BEE and private equity dealings both within South Africa and internationally. He also has extensive experience as an executive and nonexecutive director of several JSE-listed companies. His ability to think outside the box and get complex transactions over the line led to him winning the coveted DealMakers Dealmaker of the Year Award in 2023, and in 2025, being honoured by Ansarada as one of the most iconic dealmakers in South Africa over the past 25 years.

Board Attendance: 4/4

Elias Masilela - Independent non-executive director

Qualifications: BA (Social Sciences), MSc (Economic Policy and Analysis)

Nationality: South African

Biography: Elias held various senior positions, including CEO of the Public Investment Corporation, director of the South African Reserve Bank and deputy director general of the South African National Treasury.

Board Attendance: 4/4

Badal Patel - Independent non-executive director

Qualifications: CA (UK)

Nationality: British

Biography: Badal qualified as a chartered accountant with PwC where he gained cross industry exposure to Audit and Risk Assurance. With over two decades of broad business experience in banking, compliance and mergers and acquisitions, he currently advises and sits on the boards of logistics, agriculture, financial, technology and mining companies. Badal is based in the UK where he attended University College London and London School of Economics in addition to completing an Executive Management programme with INSEAD Business School.

Board Attendance: 4/4

Bridgitte Mathews - Independent non-executive director

Qualifications: CA (SA), Postgraduate certificate in advanced taxation

Nationality: South African

Biography: Bridgitte has vast listed company experience and serves on many companies' boards and their audit and risk committees, including PSG Financial Services Limited and KAL Group Limited. She also specialises in providing consulting services in the areas of risk and governance.

Board Attendance: 4/4

Blackie Marole - Independent non-executive director

Qualifications: MA (Economics)

Nationality: Motswana

Biography: Blackie brings a wealth of experience garnered over 21 years in the civil service. During his tenure, he ascended to the highest position within the Ministry of Energy, Water and Minerals Resources of Botswana, serving as its Permanent Secretary. Additionally, he held the role of CEO at Debswana and offered oversight as a director and/or Chairperson on numerous national and international boards.

Board Attendance: 4/4

Frans Britz - Independent non-executive director

Qualifications: CA (SA)

Nationality: South African

Biography: Frans has served in various executive and directorship roles in JSE-listed companies since 1999 and has been actively engaged in consumer goodsrelated businesses for over 20 years. He is currently the acting CEO of Rubicon Holdings Group and also a senior business consultant in the USA.

Board Attendance: 4/4

Shiellah Moakofi - Independent non-executive director

Qualifications: MSc (Strategic Management)

Nationality: Motswana

Biography: Shiellah has a diverse career in public relations, assuming various roles within the field. Presently, she serves as the corporate communications manager at a company located in Botswana, where her role is dedicated to advancing regional socio-economic development initiatives.

Board Attendance: 4/4

Leon Cronje - Independent non-executive director

Qualifications: CA (SA)

Nationality: South African

Biography: Leon has held managerial financial roles since 1983. Notably, he concluded his tenure as CFO of Pioneer Foods in 2015, a position he held for 16 years.<br /><br />Following his retirement from Pioneer Foods, Leon transitioned into serving as an independent non-executive director on several boards.

Board Attendance: 3/4