Sephaku alternate director passes away
JSE-listed Sephaku Holdings on Tuesday announced the passing away of its alternate director Johannes Wilhelm Wessels.
Wessels, who had been an alternate director since 2007, first started working with Sephaku in 2005, when he provided legal counsel on the emerging business structure and later joined Sephaku as head of corporate affairs holding key responsibility for group legal counsel, transaction structuring advice and contractual negotiations.
He led the process of the group's unbundling strategy and, in particular, the legal and tax components of the process. Wessels played a critical role in the company’s successful repositioning from a multiple minerals exploration company to a construction and building materials-focused company.
“Wessels was pivotal in negotiating the relationship agreement with Dangote Industries to establish Sephaku’s partnership in South Africa's newest cement producer since 1934, Sephaku Cement,” Sephaku CEO Dr Lelau Mohuba said.
“His ever calm and gentle demeanour never detracted from the tenacity and steadfastness that he always brought to bear with equal ease in shepherding Sephaku on the long road towards the achievement of its strategic goals. We are grateful that he witnessed the early fruits of his efforts – the commissioning of Sephaku Cement's first production plant, in Delmas,” Sephaku chairperson Brent Williams added.
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