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Thungela announces CEO transition, Moses Madondo to take helm

October 1, 2025 at 09:02 PM UTCBy FilingReader AI

In accordance with JSE Limited Listings Requirements, Thungela Resources Limited announced that Moses Madondo, currently chief executive officer designate, will formally assume the role of CEO with full executive responsibilities on November 1, 2025. This follows his appointment as an executive director on September 8, 2025.

Madondo has been working closely with outgoing CEO July Ndlovu to ensure a smooth transition. Ndlovu’s tenure will conclude on October 31, 2025, after which he will commence a period of 'garden leave' before his retirement on December 31, 2025. The board expressed its deep appreciation for Ndlovu's significant contributions since Thungela's listing.

The board extends a warm welcome to Madondo as he steps into the CEO position, looking forward to his leadership as Thungela enters its next phase. Panmure Liberum Limited serves as the UK financial adviser and corporate broker, with RAND MERCHANT BANK as the sponsor.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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