Vukile Property Fund Limited announced that it has received the formal retirement notification of Mr. Michael Potts, the Financial Director of Vukile. Mr. Potts will retire as Financial Director on March 31, 2019. As replacement for Mr. Potts, the company has appointed Mr. Elton Bosch as CFO Designate with effect from September 1, 2018.

Mr. Bosch will join the board as an executive director on April 1, 2019, following Mr. Potts's retirement. Mr. Bosch was previously the Financial Director of Clover Industries Limited. In addition, Ms. Lopion, the current Managing Director: Southern Africa has also indicated her formal intention to retire on 30 June 2019 and succession planning in respect of her role is ongoing.