Stefanutti Stocks Holdings Limited announced that Mr. Herman Mashaba, independent non- executive director, has resigned as a director with effect from 2 August 2013. The board announced the appointment Mr. Vuli Cuba as an independent non- executive director of the company with effect from 2 August 2013. He was CEO of Safika Holdings limited from 2001 to 2008 and is currently Chairman and President of NGN Holdings Limited.