Edcon has pleasure in announcing the appointment of Mr Sandile Zungu as an independent non-executive director with effect from 23 March 2004.
Mr Zungu is chairman of state arms manufacturer Denel and has a BSc(Mech Eng) and an MBA from UCT. Mr Zungu is a key thinker on black economic empowerment funding models and was an executive director of NAIL. He is also non-executive chairman of BJM Holdings and Africa Vanguard Holdings. Mr Zungu established Sarhwu Investment Holdings in 1997 and built it into a company with a net asset value in excess of R400m. He is a previous winner of BusinessMap"s Dealmaker of the Year award.