New Chairman for Sun International: Sam Sithole

by Jeffrey Nel -July 19, 2021

sun-international-seeks-to-exit-nigerian-marketFollowing the tragic death of former Sun International chairperson, Jabu Mabuza, who passed away from Covid-19 recently, the group has announced the appointment of Sam Sithole to replace him.

Sithole has been a member of the Sun International board since 2018, and the group believes that he is the right person to help it navigate the tumultuous situation that South Africa’s casino industry finds itself in.

Anthony Leeming, the chief executive of Sun International, said that Sithole brought with him a proven track record and a wealth of experience.

“Sam Sithole’s history with the company has given him valuable knowledge and insight, and his more than 20 years of experience in finance and investment will serve us well,” Leeming said.

“The board and management of Sun International congratulate Sam on his new appointment and welcome him as chairperson.”

Over the years, Sithole served as chief executive and co-founder of Value Capital Partners, a shareholder of the Sun International Group.

He is a trained chartered accountant and has many years of experience as an investment executive. Sithole worked for Brait for eight years, where he was, among other things, the group’s financial director.
Sithole was also a partner at Deloitte, where he worked for six years as an audit partner.

Other executive changes made:
– Sithole will also serve as chairperson of Sun International’s nomination committee.
– Sindi Mabaso-Koyana will replace Sithole as chairperson of the group’s Remuneration Committee.
– Mabosa-Koyano will also serve as a member of the Audit Committee.
– Caroline Henry, previously serving as independent non-executive director of the Nomination Committee, is now a member of committee.
– Tapiwa Ngara, another independent non-executive director, has been appointed to Sun International’s Risk and Investment Committee.

Sithole has big shoes to fill. Jabu Mabuza, who was also the former CEO of Sun International, made a huge impact to South Africa’s corporate world.

As head of Sun International, he secured two of SA’s most lucrative casino licenses in urban areas – Sun Coast in Durban and MonteCasino in Johannesburg.