African Phoenix Investments Limited announced the appointment of Mr. Raisaka Ronald Masebelanga and Ms. Lungile Ngakane as an independent non- executive director and member of the Audit and Risk Committee. Raisaka is an Executive Director of Village Main Reef Limited, an investment company engaged in mining and resource operations with interests predominately in gold and other commodities. He has vast legal and corporate experience, having held a number of influential positions at De Beers over many years and previous directorships at, inter alia, the Diamond Development Company and Omnia Holdings Limited. Lungile is the Chief Legal and Compliance Officer of AII5 Holding Proprietary Limited, an Africa-focused diversified investment and advisory company. After starting and managing her own legal practice, Lungile went on to assume the role of senior legal advisor and company secretary of Built Environment Africa Capital Holdings Proprietary Limited where she was responsible for ensuring compliance with all regulatory and statutory requirements. Whilst at BuiltAfrica, she was appointed as a non-executive director on the boards of multiple companies in which BuiltAfrica was an investor.