The Board

The size of the Board is dictated by the Articles of Association, which permit a maximum of twelve directors. Currently the Board is chaired by an independent non-executive director. Non-executive directors introduce an independent view to matters under consideration and add to the breadth and depth of experience of the Board. All the non-executive directors are considered to be independent in character and judgment. Adequate ‘directors and officers’ insurance cover has been purchased by the company to meet any material claims against directors. Board meetings are held at least quarterly and whenever else circumstances necessitate. Directors are invited to add items to the agendas for Board meetings.

  • Christo Claassen CA (SA) - Director

    Independent Non-Executive Director
    Director Since: 2022

    Christo is currently the Founder and CEO of Fortuna Investment Holdings (Cape Town), an investment holding company that focuses on investment in consumer-facing businesses. He is a qualified chartered accountant and also holds a MBA, specialising in retailing, from the University of Stirling in Scotland. Christo has over 20 years of executive retail experience, as CEO of the Jet division of Edcon and MD of the Fashion, Beauty and Home division of Woolworths.

  • Themba N Sibanda [BAcc (Z), CA (Z)] - Director

    Non-Executive Board Chairman
    Director Since: 2003
    Edgars Stores Limited Committee Membership:
    Remuneration Committee
    Other Directorships: Phoenix Consolidated Industries

    Themba was appointed to the Board in 2003. He holds a Bachelor of Accountancy degree and is a Chartered Accountant. He is a member of the Institute of Chartered Accountants Zimbabwe and also a non-executive director of Phoenix Consolidated Industries.

  • Tjeludo N Ndlovu [CA (Z)] - Director

    Chief Executive Officer
    Director Since: 2018

    Tjeludo is a qualified Chartered Accountant with a passion for fashion. After 9 years at Ernst & Young, she left to join Edgars Stores Limited as Group Financial Accountant and Company Secretary in November 2012, a position she held up to June 2016. She was then promoted to head up the Jet Chain and subsequently moved to head the Edgars Chain in 2018. Tjeludo was promoted to the position of Chief Executive Officer (CEO) in July 2020 - overseeing the overall business functions of the Edgars Stores Limited Group.

    As the CEO, Tjeludo reports to the Board of Directors and provides leadership and strategic guidance for the Group's business units; from the retail chains, Jet and Edgars, the manufacturing arm Carousel, to the credit and financial services arm which also carries the Microfinance unit Club Plus.

  • Raymond Mlotshwa [BA] - Director

    Non-Executive Director
    Director Since: 1998

    Raymond joined the company in 1981 and rose through the ranks to become Group Managing Director in September 1999, a year after his appointment to the board in 1998. He served in the Edgars board as an executive director for eleven years, until his retirement on 31 March 2010. He was subsequently appointed non-executive director on 1 April 2010.

  • Canaan F Dube [LLB (Hons), LLB, MBA] - Director

    Non-Executive Director
    Director Since: 2004
    Edgars Stores Limited Committee Membership:
    Audit Committee, Remuneration Committee

    Appointed to the Board in 2004, Canaan is a lawyer and corporate leader. He is a renowned commercial lawyer with considerable experience on corporate leadership mandates as well as banking and financial services work, registered and practicing as such in both Zimbabwe and Botswana. Canaan has considerable experience in corporate governance and is the Founder and Chairman of The Quality Corporate Governance Centre (Pvt) Ltd t/a Zimbabwe Leadership Forum (Zimlef), the first of its kind in Zimbabwe.

  • Happiness Vundla [CA (Z)] - Chief Finance Officer

    Chief Finance Officer
    Director Since: 2020
    Edgars Stores Limited Committee Membership:
    Audit Committee

    Happiness is currently the Finance Director at Sub-Sahara Capital Group Zimbabwe and a member of the Accounting Practices Committee of the Institute of Chartered Accountants of Zimbabwe (ICAZ).

    She has extensive experience in public audit practice in listed companies after 14 years at Ernst & Young Zimbabwe where she was an Associate Director. Ms Vundla is a Chartered Accountant (Zimbabwe) and is pursuing the Chartered Financial Analyst (CFA) qualification.

  • M. Hosack - Director

    Non-Executive Director
    Edgars Stores Limited Committee Membership:
    Remuneration Committee