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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      Home Companies & Markets

      Turnstar appoints new directors

      Butler Phirie has been appointed Chairman of the Board

      mm by Staff Writer
      August 3, 2022
      in Companies & Markets
      Reading Time: 2 mins read
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      Turnstar appoints new directors
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      • Declares dividend of 18thebe per share 

      Post ratification by all shareholders at the Turnstar Holdings Limited Annual General Meeting (AGM) held on the 28th of July 2022 in Gaborone, the business has confirmed a number of strategic developments to further entrench the sound and sustainable delivery of its mandate.

      Butler Phirie has been appointed Chairman of the Board, having served as a Director since July 2021.  Two new Board Directors have been appointed, being Solomon Seoketsi Mantswe and Amaresh Chetty.  Mantswe brings over 30 years’ experience in the public service sector and is at present the Deputy Commissioner of the Botswana Police Service (BPS) as well as the Chairman of the Board of Trustees of Botswana Public Officers Pension Fund (BPOPF).

      Chetty is the Chief Investment Officer at Ngwenya Capital and has in excess of 15 years’ investment and commercial experience across various sectors, including but not limited to real estate, healthcare, and financial services. He has served as a Director at Ascendis Health Limited (JSE Main Board), Sunstone Capital Limited, Pepper Club Hotel Investments, and Rencell. The Board however thanked Thobo Kerekang, who offered himself for election as a Director. Unfortunately, insufficient votes were noted for this resolution to pass. Patrick K. Balopi and Pierre J. Bezuidenhout have resigned as Directors, having each served the requisite terms on the Board.

      Turnstar expressed gratitude to outgoing Directors for their service, and said it looks forward to the depth of expertise, experience and diversity the newly appointed Directors bring to the Board, further reinforcing the calibre of excellence behind this proudly Botswana business. Turnstar said it remains committed to always working to empower fresh as well as experienced individuals at both management and Board level, passionate about the role both have to play in shaping the future of the business and the industry.

      Turnstar said it continues to work to create value and returns for stakeholders and shareholders, anchored by a sound and diversified strategy premised on low risk and high return, bringing sound dividends year after year. With additional efforts being made to reinforce the management team further, including leadership succession planning, the business is determined to show even greater resolve and returns in its value creation journey. A dividend of 18 thebe per share has been approved, as recommended by the Board of Directors.

      Tags: Amaresh ChettyBotswana Police Service (BPS)Botswana Public Officers Pension Fund (BPOPF)JSE Main BoardNgwenya CapitalPatrick K. BalopiPepper Club Hotel InvestmentsPierre J BezuidenhoutSeoketsi MantsweSunstone Capital Limited

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