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Motsepe turns down Sanlam chair position for Van Zyl

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Patrice Motsepe. (Photo: AFP)
Patrice Motsepe. (Photo: AFP)

Cape Town – South African mining magnate Patrice Motsepe turned down the role as Sanlam chairperson and asked former CEO Johan van Zyl to take on the role, the company said on Monday.

This comes as current chairperson Desmond Smith announced he would retire at the annual general meeting in June 2017, after serving in the position since 2010.

“The Sanlam Limited board of directors unanimously nominated Mr Patrice Motsepe to be the new chairman when Desmond Smith retires,” Sanlam said in a statement on Monday.

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