Metair Investments Limited announced that with effect from 13 September 2023, the company's remuneration and nominations committees will be combined into one committee, the remuneration and nominations committee. The remuneration and nominations committee will comprise of Ms. N Mkhondo as the chairperson and Ms. TN Mgoduso, Mr. MH Muell and Mr. PH Giliam will serve as members; Ms. N Medupe, has been appointed as a member of the investment committee, with effect from 13 September 2023; and Mr. J Mouton has been appointed as the company's COO on a fixed term contract, with effect from 1 October 2023. Mr. Mouton served as the technical and logistics director at the BMW Group plant in Rosslyn from 2018 to April 2023.

Mr. Mouton has a wealth of experience, over 40 years, in the motor manufacturing and logistics industry gained through various leadership roles, including, inter alia, director of painted body and press plant at the BMW plant in Oxford and Swindon (UK), vice president of body and press plant at the BMW Tiexi Plant in mainland China and assembly general manager at the BMW South Africa Rosslyn plant. The board looks forward to Mr. Mouton's contribution to the company.