Directors’ REPORT The directors present their annual report that forms part of the audited annual financial statements for the Group for the year ended 31 March 2010. CEF is governed by the CEF Act and is listed as a public entity in schedule 2 of the PFMA. The Board of directors acts as the accounting authority in terms of the PFMA.
1. Directors The directors of the company during the year and to the date of this report are as follows: Name Ms B Mabuza
Independent, Non-executive, Chairperson
Appointed
Reappointed
15 December 2003
29 January 2007
Mr M Damane
CEO, Executive
1 February 2007
Ms N Magubane
Non-executive
1 July 2009
Adv L Makatini
Non-executive
9 September 2009
Dr P Molefe
Non-executive
28 July 2004
Mr A Nkuhlu (alternate director to Dr P Molefe)
Non-executive
25 July 2005
Ms T Ramuedzisi (alternate to Ms N Magubane)
Non-executive
7 July 2009
Mr J Rocha
Non-executive
1 July 2009
Dr Z Rustomjee
Director
1 July 2004
Mr Y Tenza
Non-executive
1 July 2007
Ms P Zikalala
Non-executive
2 August 2007
Resigned/Term ended
20 July 2007 3 July 2009
1 July 2007 1 July 2009
2009/04/20 2009/05/28 2009/07/29 2009/09/02 2009/10/29 2009/11/12 2009/12/03 2010/01/13 2010/02/24 Ms B Mabuza
Y
Y
Y
Y
Y
Y
Y
Y
Y
Mr M Damane
Y
N
Y
Y
Y
Y
Y
Y
Y
Ms N Magubane
N/A
N/A
N
N
N
N
Y
N
N
Adv L Makatini
N/A
N/A
N/A
N/A
N
Y
Y
Y
Y
Dr P Molefe
Y
Y
Y
Y
N
N
N
Y
N
Mr A Nkuhlu (alternate director to Dr P Molefe)
A
A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Ms T Ramuedzisi (alternate to Ms N Magubane)
N/A
N/A
N
N
Y
Y
N
Y
N
Mr J Rocha
N/A
N/A
N
N
N
N
N
N
N
Dr Z Rustomjee
Y
Y
Y
Y
Y
Y
Y
Y
Y
Mr Y Tenza
Y
Y
Y
Y
Y
Y
Y
Y
Y
Ms P Zikalala
N
Y
Y
N/A
N/A
N
N/A
N/A
N/A
Y N N/A A
= = = =
Attended meeting Apology received Not a member at the date of meeting Alternate attended meeting
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CEF (PTY) LTD ANNUAL REPORT 2010