HomeDiamonds & GemstonesProminent South African businesswomen buy into Tawana

Prominent South African businesswomen buy into Tawana

Tawana’s Kareevlei
West diamond
project in South
Melbourne, Australia — MININGREVIEW.COM — 18 June 2008 – Tawana Resources NL – an Australian-based company with a portfolio of diamond projects in South Africa, Botswana and Australia – has announced that two prominent South African business women – Basetsana Kumalo and Lindiwe Leketi – have become shareholders via a transaction between their company, Pro Direct 189 (Pty) Limited and Tawana.

A company news release issued here said Tawana had acquired Pro Direct’s 21% stake in Tawana’s Black Empowerment partner, Seven Falls Trading 155 (Pty) Limited. The consideration for the acquisition was 2.1 million Tawana shares, giving Pro Direct a 2.09% holding in Tawana.

Kumalo is president of the Business Womens’ Association of South Africa in Johannesburg; executive chairperson of Tswelopele Productions, a prestigioustelevision production house; a director of Union Alliance Media (Pty) Ltd, an all-media company; and an anchor presenter of “Top Billing”, a nationwide primetime travel and lifestyle television show.

She sits on the boards of eight companies with interests ranging from coal to capital funding and diamonds, and has previously edited Top Billing and Drum magazines.

Leketi holds a masters degree in human resources management (RAU 1995) and a social work degree (UNITRA 1988). Presently she is a director and a shareholder of five companies which hold diverse interests from coal prospecting rights in the Waterberg and Soutpansberg regions of

Limpopo province, to shares in transport and well known construction companies in South Africa.