African Dawn Capital appoints Mac van der Merwe as executive chairman
Staff writer ▼ | April 10, 2013
Johannesburg, South Africa - April 10, 2013, Johannesburg, South Africa - African Dawn Capital Limited, a micro finance company, announced the appointment of Mac van der Merwe as executive chairman.Article continues below
Mr. van der Merwe has more than 30 years of experience. He was the founder and Managing Director of Park Motors Group and in 1989 founded VaalMac Engineering in Meyerton and Saldanha.
In the 1990's he co-founded Skills Accel, a skills development company. In 1995 he was responsible for the listing of VaalMac Engineering through a reverse listing of City Investment Holdings and Spicer Mitchell Holdings. He was educated as a Mechanical Engineer and has studied Business Management at UNISA.
The company also announced that Tjaart Kruger, the current CEO has re-assumed the role as group financial director.
Mr. Kruger qualified as a Chartered Accountant with PWC. He then joined Absa Corporate and Merchant Bank as trainee in the structured finance department. He spent 18 years with Absa, four years thereof was spent under the auspice of Barclays Capital. He then joined a start-up debt counselling company as CFO and COO. After that he joined African Dawn Capital as CFO.
Mr. Kruger holds an HDip Tax (RAU), HDip Advanced Banking (SARB), B.Com (Accounts) (RAU), B.Com Hons (Accounts), CA(SA), H Dip Financial Markets and successfully completed the NCR Debt Counselling exam.
The company also announced that Christo F. Wiese will assume the role of Lead independent Non-Executive Director. ■ LATEST MOVES FROM South Africa
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