Pan African Resources plc announced that it has appointed Ron Holding, currently the company's Interim Joint Chief Executive Officer, as a director and its Chief Executive Officer with immediate effect. Ron Holding has been involved with all Pan African's operations since 2009 as Chief Operating Officer, until his appointment as Joint Interim CEO in March 2013. The company also announced that Busi Sitole has resigned as the Financial Director of the company with effect from 30 September 2013, in order to focus on personal commitments.

The firm noted that Cobus Loots will assume the role of Financial Director of the Company from 1 October 2013. Loots, a Pan African director since 2009, is currently the Managing Director of Shanduka Resources, which position he will vacate. Loots was also previously the Financial Director of Pan African.