The board of directors of PSV Holdings Limited announced that Mr. Boy Manqoba Ngubo ('Manqoba') has been appointed as an independent non-executive director of PSV with immediate effect. Manqoba is a former lecturer at the University of South Africa and the University of Zululand. Having previously served as Managing Director of Amabubo Investments Proprietary Limited, a Short Term Insurance Brokering Firm between 2014 and 2016, and Chief Financial Officer of Winnsip Financial Services, an investment and property development company, between 2016 and 2017, Manqoba resigned from the Petroleum Oil and Gas Corporation of South Africa SOC Limited (‘PetroSA’) Interim Board on 8 January 2019 following his appointment on 5 July 2017. Manqoba is currently an Executive at Lurco Coal Proprietary Limited (‘Lurco Coal’).