Gold Fields Limited
chairwoman Mamphela
Johannesburg, South Africa — 13 February 2013 – Gold Fields Limited chairwoman Mamphela Ramphele has resigned from her position and is to leave all other private directorships in order to pursue “socio-economic and political work,” according to a company announcement.

Ramphele, 65, is a former managing director of the World Bank and ex-director of Anglo American plc, the largest investor in South African mining. She was appointed chairwoman of Gold Fields in November 2010, reports Bloomberg News.

A medical doctor and social anthropologist, Ramphele was a one-time partner of anti- apartheid leader Steve Biko, who founded South Africa’s Black Consciousness Movement and died in 1977 after sustaining brain damage during a beating while in police custody.
“She has resigned from most of her private sector directorships and will relinquish all other remaining private sector directorships and positions to focus on these activities,” the Gold Fields announcement said.

Ramphele will outline her political plans at a press conference on 18 February, following reports that she will start a new political party to challenge South Africa’s ruling African National Congress. The African National Congress has governed the continent’s largest economy since taking power under Nelson Mandela in the first all-race elections in 1994, and controls almost two-thirds of the seats in parliament. Ramphele has criticised the party’s failure to reduce the 25% unemployment rate.

Non-executive director Cheryl Carolus will replace Ramphele with immediate effect, the company said.

Source: Bloomberg News. For more information, click here.