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Johannesburg - The Mvelaphanda Group, the Avusa majority shareholder, appointed three of its executive directors to the company's board as non-executive directors, Business Report reported on Thursday.
The three are Yolanda Cuba, the chief executive of Mvela Group;
Mikki Xayiya, the executive deputy chairperson of Mvela Holdings; and Mark Willcox, the chief executive of Mvela Holdings.
The Mvelaphanda Group became the Avusa majority shareholder when it bought between 25.5% and 30% of fund manager Allan Gray's stake.
- Sapa