Deenadayalen Konar, Independent director,AF Holdings

Dr. Deenadayalen Konar, also known as Len, CRMA, BCom, PG Dip in Acc, MAS (USA), Cert Tax Law, served as an Executive Officer of KAP International Holdings Limited and KAP Industrial Holdings Limited. Dr. Konar served as the Head of the Department of Accountancy at the University of Durban-Westville. He spent six years with Independent Development Trust (IDT) as Head of investments and internal audit. He has been the Chairman of the Board of Steinhoff Investment Holdings Limited since September 30, 2008. He serves as the Chairman of Exxaro Resources Limited.

He served as the Non-Executive Chairman of board Mustek Ltd. from October 16, 2009 to December 4, 2015. He served as the Chairman of International Monetary Fund in Washington. He served as the Independent Non-Executive Chairman of Steinhoff International Holdings N.V. (alternate name: Steinhoff International Holdings Ltd.) from September 30, 2008 to May 30, 2016. He serves as Deputy Chairman of Supervisory Board at Steinhoff International Holdings N.V. and has been its Member of Supervisory Board since November 30, 2015. He served as Deputy Chairman of Steinhoff International Holdings N.V. since May 30, 2016 and served as its Director since 1998. He served as a Deputy Chairperson of The Board of Transaction Capital Limited since October 1, 2009. He served as the Deputy Chairman of African Brick Centre Ltd from February 2009 to July 21, 2009.

He serves as an Independent Director of Yakani Group (Pty) Ltd., Guardrisk Insurance Company Limited and Guardrisk Holdings Limited. He has been an Independent Director of Alexander Forbes Group Holdings Limited since February 1, 2008. He has been a Director of CIC Energy Corp. since March 14, 2006. Dr. Konar has been a Non-Executive Director of Unitrans Holdings (Pty) Limited since October 25, 2001. He has been a Non-Executive, Independent Director at Illovo Sugar Limited since July 10, 1995. He has been an Independent Non-Executive Director of Exxaro Resources Limited since November 28, 2006. He has been an Independent Non-Executive Director of Sappi Limited since March 1, 2002 and Lonmin plc since March 11, 2010. Dr. Konar serves as a Non-Executive Director of Old Mutual South Africa, Alexander Forbes and Kumba Resources Limited. He served as a Director of Mustek Ltd. from November 25, 2003 to December 4, 2015.

Dr. Konar served as a Director of African Brick Centre Ltd, Sentech Limited and Genbel South Africa Ltd. He served as a Non-Executive Director of South African Reserve Bank from August 28, 1990 to June 30, 2011 and JD Group Ltd. from July 19, 1995 to April 14, 2014. He served as Independent Non-Executive Director of YeboYethu Limited from November 2012 to November 18, 2016. He served as a Director of Development Bank of Southern Africa, The from August 1, 2001 to December 31, 2009. He served as a Professional Director of companies. He served as a Director of Transaction Capital Limited since October 1, 2009. He served as a Director of Old Mutual Life Assurance Company (South Africa) Limited until February 16, 2010. He served as a Non Executive Director of Mutual & Federal Insurance Co. Ltd. since 2003 and Makalani Holdings Limited since April 2005. Dr. Konar served as an Executive Director of the Independent Development Trust where he was, amongst other activities, responsible for the internal audit and investments portfolios. He serves as Co-chairman of the implementation oversight panel of the World Bank. He is the Patron of the Institute of Internal Auditors South Africa. He was a Member of the ad hoc ethics panel of the United Nations, safeguards panel of the International Monetary Fund in Washington. He was Chairperson of the Ministerial Panel for the Review of the Regulation of Accountants and Auditors. He is a Member of the King Committee on Corporate Governance, the Securities Regulation Panel, the Corporate Governance Forum and the Institute of Directors. He was a Professor at the University of Durban-Westville. Dr. Konar is an Independent Consultant in Corporate Investment Strategy, Corporate Governance, Risk, Compliance and Internal Audit. After completing his articles of clerkship at Ernst & Young in Durban, Dr. Konar began his career as an academic at the University of Durban-Westville. Dr. Konar is a Chartered Accountant. Dr. Konar holds a DCom from University of South Africa (Unisa) in 1989, MAS from University of Illinois in 1981, CA from SA in 1978, Postgraduate Diploma in Accounting from University of Durban-Westville in 1978 and BCom from University of Durban-Westville in 1975.


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