DIRECTORATE

Focused on future-oriented strategies and good governance.

Executive directors

GN (Gary) Chaplin (53)

CA(SA)

Chief executive officer

Gary qualified as a chartered accountant in 1995, after completing his articles with Deloitte. In 1996, he joined a private company in the timber industry, which was later acquired by Steinhoff Africa Holdings Proprietary Limited, where he fulfilled numerous roles in the South African timber and furniture manufacturing operations. He then joined PG Bison Proprietary Limited (‘PG Bison’), where he was appointed to the board in August 2006, and as chief executive officer in November 2011. When KAP Limited acquired PG Bison in April 2012, Gary was appointed to the KAP executive committee. He later assumed full responsibility for KAP’s diversified industrial segment and was appointed as the chief executive officer of KAP in November 2014.

Member of the social and ethics committee

Member of the investment committee

FH (Frans) Olivier (44)

CA(SA)

Chief financial officer

Frans qualified as a chartered accountant in 2004, after completing his articles at KPMG in Johannesburg. In 2005, Frans joined Riso Africa Proprietary Limited as the financial manager and then Steinhoff Africa Holdings Proprietary Limited as a financial manager in 2006. Frans joined PG Bison Proprietary Limited (‘PG Bison’) in 2009 as the group financial manager and was appointed as chief financial officer in 2010. Frans was promoted to the position of chief financial officer for the diversified industrial segment of KAP in 2015, and in April 2016, he was appointed as the chief financial officer of KAP.

Member of the investment committee

SP (Penwell) Lunga (48)

BJuris, LLB, MBA, MSc (HR)

Corporate affairs executive

Penwell joined Steinhoff Africa Holdings Proprietary Limited in September 2005, as group industrial relations manager, responsible for the management of labour relations and labour law matters. He joined KAP Limited in April 2012. In June 2016, he was appointed as the group stakeholder relations executive and member of the executive committee, focusing on industrial relations and community interactions in the areas in which the group operates. Penwell was appointed as an executive director responsible for corporate affairs of KAP on 18 November 2021. Penwell represents KAP in various industry, trade and government-related matters in addition to his human capital and industrial relations responsibilities.

Independent non-executive directors

PK (Patrick) Quarmby (69)

CA(SA) (Hons)

Independent non-executive chairperson

Patrick was a partner at Ernst & Young until he relocated in 1987 to take up a position in the Corporate Finance Department of Schroders in London. He became one of the founding directors of Standard Bank in London and established Standard Bank’s presence in Hong Kong. Patrick was appointed as a director of Dimension Data Holdings Limited in 1996, responsible for the global expansion of the group. He retired from this position in 2014. He was the non-executive chairperson of Datacraft Asia, an IT services company listed in Singapore, until it delisted in 2008, and was an independent non-executive director of Unitrans Limited until Steinhoff acquired it in 2007. Patrick was appointed as an independent non-executive director of KAP Limited in 2012. He was appointed as chairperson of the board and the nomination committee on 18 November 2021.

Chairperson of the nomination committee

Member of the investment committee

JA (Johan) Holtzhausen (53)

BIuris, LLB, HDip Tax

Lead independent non-executive director

Johan is an admitted attorney and a member of the Law Society with more than 26 years’ corporate finance and private equity experience. He is the non-executive chairperson of PSG Capital, chairperson of the CA&S Group and WeBuyCars Holdings, and a non-executive director of various unlisted entities, which include financial services and private equity. Johan is highly experienced across multiple practice areas and has led and advised on numerous listings, mergers, acquisitions, capital raisings, private equity and BEE transactions, both in South Africa and abroad. Johan was appointed as an independent non-executive director of KAP Limited on 1 March 2023.

Member of the investment committee

Member of the nomination committee

Member of the human capital and remuneration committee

TC (Tamara) Esau-Isaacs (47)

CA(SA)

Independent non-executive director

Tamara started her career at PricewaterhouseCoopers, where she rose to the position of audit partner and served for three years as the human capital partner. She later joined KPMG and served as the partner in charge of management consulting at their Cape Town office and as a member of the KPMG Consumer Markets forum. Tamara served as an independent non-executive director of PSG Konsult Limited from 2019 until 2023. She was appointed as an independent non-executive director to the board of FirstRand Limited with effect from 22 June 2023. Tamara has a strong social upliftment background and is a long-standing trustee of the Mitchells Plain Bursary and Role Models Trust. Tamara is a fellow of the Africa Leadership Initiative. During the Covid-19 pandemic, Tamara spearheaded an initiative that aims to increase the number of learners from Mitchells Plain, Philippi and Khayelitsha entering post-matric education. She was appointed as an independent non-executive director of KAP Limited on 30 June 2021.

Member of the audit and risk committee

Member of the social and ethics committee

Z (Zellah) Fuphe (55)

BSocSci, CD(SA), GIBS GEDP

Independent non-executive director

Zellah has a Bachelor’s degree in Social Sciences, completed the GIBS Global Executive Development Programme in 2015, and is certified as a Chartered Director (SA) by the Institute of Directors in South Africa. She started her career with Engen Limited (‘Engen’), followed by various executive positions, including as managing director of Plessey South Africa Proprietary Limited, managing director of Worldwide African Investment Holdings Proprietary Limited and chief executive officer of Afric Oil Proprietary Limited. Prior to her promotion as the global chief risk and sustainability officer at Nippon Telegraph and Telephone (the Dimension Data parent company) in September 2022, she served as the chief corporate governance officer of Dimension Data Middle East and Africa. Zellah has previously served as a non-executive director on the boards of AECI Limited (chairperson of the social and ethics committee and member of the risk committee), Engen (chairperson of the social and ethics committee), Afric Oil (chairperson), Oceana Group Limited (chairperson of the transformation committee), 18th World Petroleum Council 2005 (chairperson), Worldwide Coal Carolina (chairperson) and the Unisa School of Business Leadership. Zellah was appointed as an independent non-executive director of KAP Limited on 1 March 2020.

Chairperson of the social and ethics committee

Member of the audit and risk committee

Member of the nomination committee

KT (Ken) Hopkins (68)

BCom (Hons), CA(SA)

Independent non-executive director

Ken became a CA(SA) in 1978, and was an audit partner at Deloitte & Touche and KPMG for more than 30 years, where he specialised in auditing and advising financial institutions. As a retired audit partner and full-time professional director, Ken serves in a non-executive capacity on the boards of Old Mutual Finance RF Proprietary Limited and 27Four Holdings Limited, where he chairs the audit and risk committees. Ken is also a member of the social and ethics and remuneration committees of 27Four Holdings Limited. Ken was appointed as an independent non-executive director of KAP Limited on 6 December 2019.

Chairperson of the audit and risk committee

SN (Sipho) Maseko (55)

BA, LLB

Independent non-executive director

After completing his articles at Werksmans, Sipho held positions with the Department of Trade and Industry and the Financial Services Board. He spent more than a decade with BP South Africa, serving as the managing director of Retail Southern Africa before becoming chief operating officer and chief executive officer of BP Africa. Sipho later joined Vodacom as managing director South Africa and COO. He served as the CEO of Telkom for nine years. Sipho has previously served as chairman of Shell and BP South African Petroleum Refineries, and as a non-executive director of Afrox Limited, Gyro Group and Trudon Proprietary Limited. He is currently an independent non-executive director of Shoprite Holdings Limited, an advisory board member of the Centre for Development and Enterprise, and runs a family business which provides real estate, infrastructure and agricultural advisory services. Sipho was appointed as an independent non-executive director of KAP Limited on 15 March 2024.

Member of the social and ethics committee

Member of the investment committee

V (Viv) McMenamin (60)

MSc (Economics)

Independent non-executive director

Viv holds an MSc degree in Economics and a Banking and Finance diploma from the University of London, and completed the Advanced High-Performance Leadership Executive Programme at the International Institute for Management Development in Switzerland. In her early career, Viv served as the secretary-general of NUSAS. In 1992, she received the Helen Suzman Award for Leadership and, in mid-2000, she served on the President’s Economic Advisory Panel and on the Anglo American Plc Transformation Committee. She has been a member of various not-for-profit boards, including serving for more than a decade as the deputy chair of the South African Association for Marine Biological Research for the protection of the East Indian Ocean. Viv was awarded the European Industry Woman of the Year award as presented by the Fastmarkets Forest Products PPI Awards during 2023. Viv has held a number of executive positions in Mondi South Africa over a 20-year period and was recently appointed as the Business Unit chief executive officer of the uncoated fine paper divisions of Mondi’s South African, Slovakian and Austrian mills. She is also a member of the Mondi Plc Executive Committee. Viv was appointed as an independent non-executive director of KAP Limited on 12 December 2019.

AFB (Andrew) Mthembu (68)

BSc (Chem, Biol), BSc (Civ Eng), MSc (Const Mgmt), Advanced Management Programme

Independent non-executive director

Andrew holds degrees in Chemistry and Biology, Civil Engineering and Construction Management obtained in Botswana, Canada and the UK respectively, and attended Advanced Management Programmes in the USA. He is the chairman of EOH Holdings, executive chairman of Imphandze Investment Holdings Proprietary Limited, and former Deputy Group CEO of the Vodacom Group, instrumental in their African Expansion plan. Andrew has held directorships in the IT, infrastructure, digital security, shipping and agriculture industries, and is a past IT advisor to the Minister of Public Enterprises in South Africa. He was the inaugural chairman of Broadband Infraco in South Africa, and was instrumental in the conceptualisation and rollout of the West African Cable System, which led to the promotion of the BRICS Cable System. Andrew was part of the team that delivered the International Broadcast Centre for the 2010 FIFA Soccer World Cup in South Africa. He has experience in mergers, acquisitions and disposals initiatives, has worked for major industrial conglomerates in the infrastructure sector, and advised and assisted international OEMs with IT in their market development in the Southern African Development Community. Andrew was appointed as an independent non-executive director of KAP Limited on 15 January 2024.

Member of the human capital and remuneration committee

Member of the investment committee

SH (Steve) Müller (62)

BAcc (Hons), CA(SA), Sanlam EDP

Independent non-executive director

Steve qualified as a chartered accountant and worked at KPMG from 1983 to 1992. In 1995, Steve joined Genbel Investments, where he rose to the positions of chief operating officer: Equities of Genbel Securities Limited, and executive director of Gensec Bank Limited. He also served as a non-executive director and member of the audit and remuneration committees of various investee companies within the Genbel Securities Group. In 2008, he retired from the group to pursue his own interests. Steve served as an independent non-executive director and chairperson of the audit committee of SACOIL Limited from 2013 to 2016. In January 2018, he was appointed as an independent non-executive director of the Phumelela Gaming and Leisure Limited board and chairperson of the company’s audit committee. In August 2017, Steve became an independent non-executive director of Pepkor Holdings Limited, serving as chairperson of the human resources and remuneration committee and a member of the audit committee. Steve is a member of SAICA and the IoDSA. Steve was appointed as an independent non-executive director of KAP Limited in 2012 and, in 2014, as chairperson of the KAP human capital and remuneration committee. He was appointed as chairperson of the investment committee on 18 November 2021.

Chairperson of the human capital and remuneration committee

Chairperson of the investment committee

Member of the audit and risk committee

Member of the social and ethics committee

Executive committee

An executive committee of the executive directors and senior management of KAP carries out the day-to-day management of the group, as well as the tasks delegated to it by the board. The divisional chief executive officers are members of the executive committee.

Executive directors

GN (Gary) Chaplin (53)

CA(SA)

Chief executive officer

Gary qualified as a chartered accountant in 1995, after completing his articles with Deloitte. In 1996, he joined a private company in the timber industry, which was later acquired by Steinhoff Africa Holdings Proprietary Limited, where he fulfilled numerous roles in the South African timber and furniture manufacturing operations. He then joined PG Bison Proprietary Limited (‘PG Bison’), where he was appointed to the board in August 2006, and as chief executive officer in November 2011. When KAP Limited acquired PG Bison in April 2012, Gary was appointed to the KAP executive committee. He later assumed full responsibility for KAP’s diversified industrial segment and was appointed as the chief executive officer of KAP in November 2014.

Member of the social and ethics committee

Member of the investment committee

FH (Frans) Olivier (44)

CA(SA)

Chief financial officer

Frans qualified as a chartered accountant in 2004, after completing his articles at KPMG in Johannesburg. In 2005, Frans joined Riso Africa Proprietary Limited as the financial manager and then Steinhoff Africa Holdings Proprietary Limited as a financial manager in 2006. Frans joined PG Bison Proprietary Limited (‘PG Bison’) in 2009 as the group financial manager and was appointed as chief financial officer in 2010. Frans was promoted to the position of chief financial officer for the diversified industrial segment of KAP in 2015, and in April 2016, he was appointed as the chief financial officer of KAP.

Member of the investment committee

SP (Penwell) Lunga (48)

BJuris, LLB, MBA, MSc (HR)

Corporate affairs executive

Penwell joined Steinhoff Africa Holdings Proprietary Limited in September 2005, as group industrial relations manager, responsible for the management of labour relations and labour law matters. He joined KAP Limited in April 2012. In June 2016, he was appointed as the group stakeholder relations executive and member of the executive committee, focusing on industrial relations and community interactions in the areas in which the group operates. Penwell was appointed as an executive director responsible for corporate affairs of KAP on 18 November 2021. Penwell represents KAP in various industry, trade and government-related matters in addition to his human capital and industrial relations responsibilities.

Independent non-executive directors

PK (Patrick) Quarmby (69)

CA(SA) (Hons)

Independent non-executive chairperson

Patrick was a partner at Ernst & Young until he relocated in 1987 to take up a position in the Corporate Finance Department of Schroders in London. He became one of the founding directors of Standard Bank in London and established Standard Bank’s presence in Hong Kong. Patrick was appointed as a director of Dimension Data Holdings Limited in 1996, responsible for the global expansion of the group. He retired from this position in 2014. He was the non-executive chairperson of Datacraft Asia, an IT services company listed in Singapore, until it delisted in 2008, and was an independent non-executive director of Unitrans Limited until Steinhoff acquired it in 2007. Patrick was appointed as an independent non-executive director of KAP Limited in 2012. He was appointed as chairperson of the board and the nomination committee on 18 November 2021.

Chairperson of the nomination committee

Member of the investment committee

JA (Johan) Holtzhausen (53)

BIuris, LLB, HDip Tax

Lead independent non-executive director

Johan is an admitted attorney and a member of the Law Society with more than 26 years’ corporate finance and private equity experience. He is the non-executive chairperson of PSG Capital, chairperson of the CA&S Group and WeBuyCars Holdings, and a non-executive director of various unlisted entities, which include financial services and private equity. Johan is highly experienced across multiple practice areas and has led and advised on numerous listings, mergers, acquisitions, capital raisings, private equity and BEE transactions, both in South Africa and abroad. Johan was appointed as an independent non-executive director of KAP Limited on 1 March 2023.

Member of the investment committee

Member of the nomination committee

Member of the human capital and remuneration committee

TC (Tamara) Esau-Isaacs (47)

CA(SA)

Independent non-executive director

Tamara started her career at PricewaterhouseCoopers, where she rose to the position of audit partner and served for three years as the human capital partner. She later joined KPMG and served as the partner in charge of management consulting at their Cape Town office and as a member of the KPMG Consumer Markets forum. Tamara served as an independent non-executive director of PSG Konsult Limited from 2019 until 2023. She was appointed as an independent non-executive director to the board of FirstRand Limited with effect from 22 June 2023. Tamara has a strong social upliftment background and is a long-standing trustee of the Mitchells Plain Bursary and Role Models Trust. Tamara is a fellow of the Africa Leadership Initiative. During the Covid-19 pandemic, Tamara spearheaded an initiative that aims to increase the number of learners from Mitchells Plain, Philippi and Khayelitsha entering post-matric education. She was appointed as an independent non-executive director of KAP Limited on 30 June 2021.

Member of the audit and risk committee

Member of the social and ethics committee

Z (Zellah) Fuphe (55)

BSocSci, CD(SA), GIBS GEDP

Independent non-executive director

Zellah has a Bachelor’s degree in Social Sciences, completed the GIBS Global Executive Development Programme in 2015, and is certified as a Chartered Director (SA) by the Institute of Directors in South Africa. She started her career with Engen Limited (‘Engen’), followed by various executive positions, including as managing director of Plessey South Africa Proprietary Limited, managing director of Worldwide African Investment Holdings Proprietary Limited and chief executive officer of Afric Oil Proprietary Limited. Prior to her promotion as the global chief risk and sustainability officer at Nippon Telegraph and Telephone (the Dimension Data parent company) in September 2022, she served as the chief corporate governance officer of Dimension Data Middle East and Africa. Zellah has previously served as a non-executive director on the boards of AECI Limited (chairperson of the social and ethics committee and member of the risk committee), Engen (chairperson of the social and ethics committee), Afric Oil (chairperson), Oceana Group Limited (chairperson of the transformation committee), 18th World Petroleum Council 2005 (chairperson), Worldwide Coal Carolina (chairperson) and the Unisa School of Business Leadership. Zellah was appointed as an independent non-executive director of KAP Limited on 1 March 2020.

Chairperson of the social and ethics committee

Member of the audit and risk committee

Member of the nomination committee

KT (Ken) Hopkins (68)

BCom (Hons), CA(SA)

Independent non-executive director

Ken became a CA(SA) in 1978, and was an audit partner at Deloitte & Touche and KPMG for more than 30 years, where he specialised in auditing and advising financial institutions. As a retired audit partner and full-time professional director, Ken serves in a non-executive capacity on the boards of Old Mutual Finance RF Proprietary Limited and 27Four Holdings Limited, where he chairs the audit and risk committees. Ken is also a member of the social and ethics and remuneration committees of 27Four Holdings Limited. Ken was appointed as an independent non-executive director of KAP Limited on 6 December 2019.

Chairperson of the audit and risk committee

SN (Sipho) Maseko (55)

BA, LLB

Independent non-executive director

After completing his articles at Werksmans, Sipho held positions with the Department of Trade and Industry and the Financial Services Board. He spent more than a decade with BP South Africa, serving as the managing director of Retail Southern Africa before becoming chief operating officer and chief executive officer of BP Africa. Sipho later joined Vodacom as managing director South Africa and COO. He served as the CEO of Telkom for nine years. Sipho has previously served as chairman of Shell and BP South African Petroleum Refineries, and as a non-executive director of Afrox Limited, Gyro Group and Trudon Proprietary Limited. He is currently an independent non-executive director of Shoprite Holdings Limited, an advisory board member of the Centre for Development and Enterprise, and runs a family business which provides real estate, infrastructure and agricultural advisory services. Sipho was appointed as an independent non-executive director of KAP Limited on 15 March 2024.

Member of the social and ethics committee

Member of the investment committee

V (Viv) McMenamin (60)

MSc (Economics)

Independent non-executive director

Viv holds an MSc degree in Economics and a Banking and Finance diploma from the University of London, and completed the Advanced High-Performance Leadership Executive Programme at the International Institute for Management Development in Switzerland. In her early career, Viv served as the secretary-general of NUSAS. In 1992, she received the Helen Suzman Award for Leadership and, in mid-2000, she served on the President’s Economic Advisory Panel and on the Anglo American Plc Transformation Committee. She has been a member of various not-for-profit boards, including serving for more than a decade as the deputy chair of the South African Association for Marine Biological Research for the protection of the East Indian Ocean. Viv was awarded the European Industry Woman of the Year award as presented by the Fastmarkets Forest Products PPI Awards during 2023. Viv has held a number of executive positions in Mondi South Africa over a 20-year period and was recently appointed as the Business Unit chief executive officer of the uncoated fine paper divisions of Mondi’s South African, Slovakian and Austrian mills. She is also a member of the Mondi Plc Executive Committee. Viv was appointed as an independent non-executive director of KAP Limited on 12 December 2019.

AFB (Andrew) Mthembu (68)

BSc (Chem, Biol), BSc (Civ Eng), MSc (Const Mgmt), Advanced Management Programme

Independent non-executive director

Andrew holds degrees in Chemistry and Biology, Civil Engineering and Construction Management obtained in Botswana, Canada and the UK respectively, and attended Advanced Management Programmes in the USA. He is the chairman of EOH Holdings, executive chairman of Imphandze Investment Holdings Proprietary Limited, and former Deputy Group CEO of the Vodacom Group, instrumental in their African Expansion plan. Andrew has held directorships in the IT, infrastructure, digital security, shipping and agriculture industries, and is a past IT advisor to the Minister of Public Enterprises in South Africa. He was the inaugural chairman of Broadband Infraco in South Africa, and was instrumental in the conceptualisation and rollout of the West African Cable System, which led to the promotion of the BRICS Cable System. Andrew was part of the team that delivered the International Broadcast Centre for the 2010 FIFA Soccer World Cup in South Africa. He has experience in mergers, acquisitions and disposals initiatives, has worked for major industrial conglomerates in the infrastructure sector, and advised and assisted international OEMs with IT in their market development in the Southern African Development Community. Andrew was appointed as an independent non-executive director of KAP Limited on 15 January 2024.

Member of the human capital and remuneration committee

Member of the investment committee

SH (Steve) Müller (62)

BAcc (Hons), CA(SA), Sanlam EDP

Independent non-executive director

Steve qualified as a chartered accountant and worked at KPMG from 1983 to 1992. In 1995, Steve joined Genbel Investments, where he rose to the positions of chief operating officer: Equities of Genbel Securities Limited, and executive director of Gensec Bank Limited. He also served as a non-executive director and member of the audit and remuneration committees of various investee companies within the Genbel Securities Group. In 2008, he retired from the group to pursue his own interests. Steve served as an independent non-executive director and chairperson of the audit committee of SACOIL Limited from 2013 to 2016. In January 2018, he was appointed as an independent non-executive director of the Phumelela Gaming and Leisure Limited board and chairperson of the company’s audit committee. In August 2017, Steve became an independent non-executive director of Pepkor Holdings Limited, serving as chairperson of the human resources and remuneration committee and a member of the audit committee. Steve is a member of SAICA and the IoDSA. Steve was appointed as an independent non-executive director of KAP Limited in 2012 and, in 2014, as chairperson of the KAP human capital and remuneration committee. He was appointed as chairperson of the investment committee on 18 November 2021.

Chairperson of the human capital and remuneration committee

Chairperson of the investment committee

Member of the audit and risk committee

Member of the social and ethics committee

Executive committee

An executive committee of the executive directors and senior management of KAP carries out the day-to-day management of the group, as well as the tasks delegated to it by the board. The divisional chief executive officers are members of the executive committee.

Executive directors

GN (Gary) Chaplin (53)

CA(SA)

Chief executive officer

Gary qualified as a chartered accountant in 1995, after completing his articles with Deloitte. In 1996, he joined a private company in the timber industry, which was later acquired by Steinhoff Africa Holdings Proprietary Limited, where he fulfilled numerous roles in the South African timber and furniture manufacturing operations. He then joined PG Bison Proprietary Limited (‘PG Bison’), where he was appointed to the board in August 2006, and as chief executive officer in November 2011. When KAP Limited acquired PG Bison in April 2012, Gary was appointed to the KAP executive committee. He later assumed full responsibility for KAP’s diversified industrial segment and was appointed as the chief executive officer of KAP in November 2014.

Member of the social and ethics committee

Member of the investment committee

FH (Frans) Olivier (44)

CA(SA)

Chief financial officer

Frans qualified as a chartered accountant in 2004, after completing his articles at KPMG in Johannesburg. In 2005, Frans joined Riso Africa Proprietary Limited as the financial manager and then Steinhoff Africa Holdings Proprietary Limited as a financial manager in 2006. Frans joined PG Bison Proprietary Limited (‘PG Bison’) in 2009 as the group financial manager and was appointed as chief financial officer in 2010. Frans was promoted to the position of chief financial officer for the diversified industrial segment of KAP in 2015, and in April 2016, he was appointed as the chief financial officer of KAP.

Member of the investment committee

SP (Penwell) Lunga (48)

BJuris, LLB, MBA, MSc (HR)

Corporate affairs executive

Penwell joined Steinhoff Africa Holdings Proprietary Limited in September 2005, as group industrial relations manager, responsible for the management of labour relations and labour law matters. He joined KAP Limited in April 2012. In June 2016, he was appointed as the group stakeholder relations executive and member of the executive committee, focusing on industrial relations and community interactions in the areas in which the group operates. Penwell was appointed as an executive director responsible for corporate affairs of KAP on 18 November 2021. Penwell represents KAP in various industry, trade and government-related matters in addition to his human capital and industrial relations responsibilities.

Independent non-executive directors

PK (Patrick) Quarmby (69)

CA(SA) (Hons)

Independent non-executive chairperson

Patrick was a partner at Ernst & Young until he relocated in 1987 to take up a position in the Corporate Finance Department of Schroders in London. He became one of the founding directors of Standard Bank in London and established Standard Bank’s presence in Hong Kong. Patrick was appointed as a director of Dimension Data Holdings Limited in 1996, responsible for the global expansion of the group. He retired from this position in 2014. He was the non-executive chairperson of Datacraft Asia, an IT services company listed in Singapore, until it delisted in 2008, and was an independent non-executive director of Unitrans Limited until Steinhoff acquired it in 2007. Patrick was appointed as an independent non-executive director of KAP Limited in 2012. He was appointed as chairperson of the board and the nomination committee on 18 November 2021.

Chairperson of the nomination committee

Member of the investment committee

JA (Johan) Holtzhausen (53)

BIuris, LLB, HDip Tax

Lead independent non-executive director

Johan is an admitted attorney and a member of the Law Society with more than 26 years’ corporate finance and private equity experience. He is the non-executive chairperson of PSG Capital, chairperson of the CA&S Group and WeBuyCars Holdings, and a non-executive director of various unlisted entities, which include financial services and private equity. Johan is highly experienced across multiple practice areas and has led and advised on numerous listings, mergers, acquisitions, capital raisings, private equity and BEE transactions, both in South Africa and abroad. Johan was appointed as an independent non-executive director of KAP Limited on 1 March 2023.

Member of the investment committee

Member of the nomination committee

Member of the human capital and remuneration committee

TC (Tamara) Esau-Isaacs (47)

CA(SA)

Independent non-executive director

Tamara started her career at PricewaterhouseCoopers, where she rose to the position of audit partner and served for three years as the human capital partner. She later joined KPMG and served as the partner in charge of management consulting at their Cape Town office and as a member of the KPMG Consumer Markets forum. Tamara served as an independent non-executive director of PSG Konsult Limited from 2019 until 2023. She was appointed as an independent non-executive director to the board of FirstRand Limited with effect from 22 June 2023. Tamara has a strong social upliftment background and is a long-standing trustee of the Mitchells Plain Bursary and Role Models Trust. Tamara is a fellow of the Africa Leadership Initiative. During the Covid-19 pandemic, Tamara spearheaded an initiative that aims to increase the number of learners from Mitchells Plain, Philippi and Khayelitsha entering post-matric education. She was appointed as an independent non-executive director of KAP Limited on 30 June 2021.

Member of the audit and risk committee

Member of the social and ethics committee

Z (Zellah) Fuphe (55)

BSocSci, CD(SA), GIBS GEDP

Independent non-executive director

Zellah has a Bachelor’s degree in Social Sciences, completed the GIBS Global Executive Development Programme in 2015, and is certified as a Chartered Director (SA) by the Institute of Directors in South Africa. She started her career with Engen Limited (‘Engen’), followed by various executive positions, including as managing director of Plessey South Africa Proprietary Limited, managing director of Worldwide African Investment Holdings Proprietary Limited and chief executive officer of Afric Oil Proprietary Limited. Prior to her promotion as the global chief risk and sustainability officer at Nippon Telegraph and Telephone (the Dimension Data parent company) in September 2022, she served as the chief corporate governance officer of Dimension Data Middle East and Africa. Zellah has previously served as a non-executive director on the boards of AECI Limited (chairperson of the social and ethics committee and member of the risk committee), Engen (chairperson of the social and ethics committee), Afric Oil (chairperson), Oceana Group Limited (chairperson of the transformation committee), 18th World Petroleum Council 2005 (chairperson), Worldwide Coal Carolina (chairperson) and the Unisa School of Business Leadership. Zellah was appointed as an independent non-executive director of KAP Limited on 1 March 2020.

Chairperson of the social and ethics committee

Member of the audit and risk committee

Member of the nomination committee

KT (Ken) Hopkins (68)

BCom (Hons), CA(SA)

Independent non-executive director

Ken became a CA(SA) in 1978, and was an audit partner at Deloitte & Touche and KPMG for more than 30 years, where he specialised in auditing and advising financial institutions. As a retired audit partner and full-time professional director, Ken serves in a non-executive capacity on the boards of Old Mutual Finance RF Proprietary Limited and 27Four Holdings Limited, where he chairs the audit and risk committees. Ken is also a member of the social and ethics and remuneration committees of 27Four Holdings Limited. Ken was appointed as an independent non-executive director of KAP Limited on 6 December 2019.

Chairperson of the audit and risk committee

SN (Sipho) Maseko (55)

BA, LLB

Independent non-executive director

After completing his articles at Werksmans, Sipho held positions with the Department of Trade and Industry and the Financial Services Board. He spent more than a decade with BP South Africa, serving as the managing director of Retail Southern Africa before becoming chief operating officer and chief executive officer of BP Africa. Sipho later joined Vodacom as managing director South Africa and COO. He served as the CEO of Telkom for nine years. Sipho has previously served as chairman of Shell and BP South African Petroleum Refineries, and as a non-executive director of Afrox Limited, Gyro Group and Trudon Proprietary Limited. He is currently an independent non-executive director of Shoprite Holdings Limited, an advisory board member of the Centre for Development and Enterprise, and runs a family business which provides real estate, infrastructure and agricultural advisory services. Sipho was appointed as an independent non-executive director of KAP Limited on 15 March 2024.

Member of the social and ethics committee

Member of the investment committee

V (Viv) McMenamin (60)

MSc (Economics)

Independent non-executive director

Viv holds an MSc degree in Economics and a Banking and Finance diploma from the University of London, and completed the Advanced High-Performance Leadership Executive Programme at the International Institute for Management Development in Switzerland. In her early career, Viv served as the secretary-general of NUSAS. In 1992, she received the Helen Suzman Award for Leadership and, in mid-2000, she served on the President’s Economic Advisory Panel and on the Anglo American Plc Transformation Committee. She has been a member of various not-for-profit boards, including serving for more than a decade as the deputy chair of the South African Association for Marine Biological Research for the protection of the East Indian Ocean. Viv was awarded the European Industry Woman of the Year award as presented by the Fastmarkets Forest Products PPI Awards during 2023. Viv has held a number of executive positions in Mondi South Africa over a 20-year period and was recently appointed as the Business Unit chief executive officer of the uncoated fine paper divisions of Mondi’s South African, Slovakian and Austrian mills. She is also a member of the Mondi Plc Executive Committee. Viv was appointed as an independent non-executive director of KAP Limited on 12 December 2019.

AFB (Andrew) Mthembu (68)

BSc (Chem, Biol), BSc (Civ Eng), MSc (Const Mgmt), Advanced Management Programme

Independent non-executive director

Andrew holds degrees in Chemistry and Biology, Civil Engineering and Construction Management obtained in Botswana, Canada and the UK respectively, and attended Advanced Management Programmes in the USA. He is the chairman of EOH Holdings, executive chairman of Imphandze Investment Holdings Proprietary Limited, and former Deputy Group CEO of the Vodacom Group, instrumental in their African Expansion plan. Andrew has held directorships in the IT, infrastructure, digital security, shipping and agriculture industries, and is a past IT advisor to the Minister of Public Enterprises in South Africa. He was the inaugural chairman of Broadband Infraco in South Africa, and was instrumental in the conceptualisation and rollout of the West African Cable System, which led to the promotion of the BRICS Cable System. Andrew was part of the team that delivered the International Broadcast Centre for the 2010 FIFA Soccer World Cup in South Africa. He has experience in mergers, acquisitions and disposals initiatives, has worked for major industrial conglomerates in the infrastructure sector, and advised and assisted international OEMs with IT in their market development in the Southern African Development Community. Andrew was appointed as an independent non-executive director of KAP Limited on 15 January 2024.

Chairperson of the human capital and remuneration committee

Member of the investment committee

SH (Steve) Müller (62)

BAcc (Hons), CA(SA), Sanlam EDP

Independent non-executive director

Steve qualified as a chartered accountant and worked at KPMG from 1983 to 1992. In 1995, Steve joined Genbel Investments, where he rose to the positions of chief operating officer: Equities of Genbel Securities Limited, and executive director of Gensec Bank Limited. He also served as a non-executive director and member of the audit and remuneration committees of various investee companies within the Genbel Securities Group. In 2008, he retired from the group to pursue his own interests. Steve served as an independent non-executive director and chairperson of the audit committee of SACOIL Limited from 2013 to 2016. In January 2018, he was appointed as an independent non-executive director of the Phumelela Gaming and Leisure Limited board and chairperson of the company’s audit committee. In August 2017, Steve became an independent non-executive director of Pepkor Holdings Limited, serving as chairperson of the human resources and remuneration committee and a member of the audit committee. Steve is a member of SAICA and the IoDSA. Steve was appointed as an independent non-executive director of KAP Limited in 2012 and, in 2014, as chairperson of the KAP human capital and remuneration committee. He was appointed as chairperson of the investment committee on 18 November 2021.

Chairperson of the human capital and remuneration committee

Chairperson of the investment committee

Member of the audit and risk committee

Member of the social and ethics committee

Executive committee

An executive committee of the executive directors and senior management of KAP carries out the day-to-day management of the group, as well as the tasks delegated to it by the board. The divisional chief executive officers are members of the executive committee.