JSE-listed Sephaku Holdings (SepHold) announced on Thursday that its CEO Dr Lelau Mohuba intended to step down on December 31.
Mohuba said he would be willing take up a nonexecutive position should the company request it.
He was a founding SepHold board member and served as group chairperson from 2005 to 2012.
During his term as CEO from 2012, he helped to establish the partnership with Dangote Cement to establish Sephaku Cement as the first new cement manufacturer in South Africa in more than 80 years.
“The time has sadly come for me to hand over the baton, owing to my health challenges, after 14 years of active involvement in building a dream in which I still strongly believe.
“I leave a robust company albeit in a depressed economy and am cognisant that there will be challenges in the short to medium term. However, I am confident that SepHold will persevere and enter an exciting period in its history,” Mohuba said.