man Jeawon (l) and Neo Mokhesi (r) to chair Kumba's SHSD and SetCo from 1 May 2025
Aman will succeed Terence Goodlace as chairperson of the SHSD, while Neo takes over from Mary Bomela, who was appointed interim SetCo chair on 1 January 2024.
Aman joined the Kumba board on 1 January 2023 as an independent non-executive director. He is a CA and a chartered director, with over two decades of experience in the energy, mining and utility sectors. In addition to his finance and audit experience, Aman has ESG experience particularly in renewable energy.
He is the executive chair of Global Acquity Holdings, serves on the board of Engen and is a member of the Institute of Independent Directors of Southern Africa and the South African Institute of Chartered Accountants.
Aman is also a member of Kumba Iron Ore’s Audit committee and the Strategy and Investment committee.
Neo joined the Kumba board as an independent non-executive director on 1 July 2024. She has over two decades of experience in marketing, corporate affairs, development finance, strategy and corporate governance. She was a senior executive at the Industrial Development Corporation and currently serves on the boards of Barloworld Limited, WDB Investments Holdings, Mozal Aluminium Co and Nozala Trust. She was previously on the boards of Clover SA and Scaw Metals.
In addition to assuming the SetCo chairperson role, Neo is a member of the SHSD and the Audit committee.
The iron ore supplier also this week announced its financial results for the year ended 31 December 2024, with CEO Mpumi Zikalala noting a:
- 22% improvement in its total recordable injury frequency rate to 0.76 (from 0.98);
- Zero new cases of level 4-5 occupational diseases;
- Over nine years of no major environmental incidents;
- Savings of R4.4 billion;
- Adjusted Ebitda of R28.1 billion, at an adjusted Ebitda margin of 41%;
- Final cash dividend of R19.90 per share;
- Total cash dividend of R38.67 per share; and a
- Total payout ratio of 100% of headline earnings for the year.
“More broadly, Kumba as part of the Ore User’s Forum, will work closely with government and Transnet in support of logistics network reform and prioritise the Ore Export Corridor restoration programme,” she said.
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