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Market Update - 21 June 2017



(Incorporated In the Republic Of South Africa)

(Registration Number 1987/002097/06)

(“Sasfin” or “the Company”)

Ordinary share code: SFN   ISIN: ZAE000006565

Preference share code: SFNP   ISIN: ZAE000060273





Shareholders are referred to the announcement dated 20 January 2017 wherein they were advised that Mr Tyrone Devrajh Soondarjee, the Group Financial Director, will retire with effect from 30 June 2017 from the Sasfin board and subsidiary boards where applicable, including Sasfin Bank Limited. The Company is still in the process of recruiting a replacement for Mr Soondarjee.


Accordingly, Mr Lushendren Pather, Chief Financial Officer of Sasfin Bank Limited and Sasfin Holdings Limited, has been appointed as acting Group Financial Director with effect from 1 July 2017 until such time that a permanent Group Financial Director is appointed.


Shareholders are further advised that Mr Lushendren Pather has also been appointed as Acting Financial Director and as Financial Director Designate of Sasfin Bank Limited with effect from 1 July 2017, which confirmation will be subject, inter alia, to regulatory approval. 


Shareholders will be updated with regards to these appointments in due course.




21 June 2017



Sasfin Capital (a division of Sasfin Bank Limited)