Dec 14

14 December 2004

Ditikeni appoints Phil Goduka to Avis Van Rental board

Phil Goduka, a key player in local government and community development, has been appointed by Ditikeni Investment Company to the board of Avis Van Rental ( Eastern Cape ).

He joined the board of Valuline Four (Pty) Ltd, the Port Elizabeth-based holding company of the Eastern Cape franchise of Avis Van Rental, following the broad-based empowerment partnership between the two companies that saw Ditikeni acquire a 30% holding in the rental business.

Ditikeni is a broad-based empowerment vehicle, 100%-owned by non-government organisations (NGOs). It works for the upliftment of South Africa ‘s poorest communities through its 23 non-profit shareholders.

Goduka, an executive director of Isandla Partners in Development, also serves on the boards of two other NGOs in the Port Elizabeth area, Imizi, the housing association of the Nelson Mandela Metro Municipality , and Abahlali Housing Association, where he is chairman.

Darrell Harvey, chairman of Avis Van Rental ( Eastern Cape ) said Goduka would be a valuable asset. “He has an excellent record of serving the community and his previous experience in local government and senior management will add tremendous value.”

Goduka said he was pleased to give his support to Ditikeni and the NGOs it represented, which include several in the Eastern Cape .

Michael Hands, Ditikeni’s company secretary, welcomed the appointment.

“Phil Goduka’s accomplishments and understanding of the Eastern Cape infrastructure will strengthen both Ditikeni’s & Avis Van Rental networks in the area. Goduka’s development and business acumen is an excellent example of how broad-based partners can add direct business value to empowerment transactions. We are delighted that he has agreed to come on board and look forward to a prosperous relationship.”

Ditikeni represents credible BEE shareholders with strong links to government and broad-based economic empowerment through the work of the NGOs at 109 locations around the country. They include, among others, The Association for Rural Advancement, Trust for Community Outreach and Education, The Black Sash Trust, Social Change Assistance Trust (SCAT), Labour Research Service and the South African Council of Churches.

Issued by HWB Communications on behalf of Ditikeni Investment Company
Contact: Caroline Swift
Tel: 021 462 0416/ Cell: 084 303 6777