State Diamond Trader: Resignation Of The Chief Executive Officer

Mr Mnguni left the SDT on 05 September 2022 to take on his new role. He leaves just five months before the expiry of his five years term with the SDT.

The Board extends its gratitude to Mr Mnguni for shepherding the institution for over a period of four years and wishes him well in his future endeavours. The appointment of an acting CEO is the prerogative of the Minister of Minerals and energy and his decision in this regard will soon be made. In the interim Mr Conrad Van Der Ross, the Operations Manager will be holding the “fort”. All stakeholders are assured that the SDT will continue to operate with minimal disruption.

The State Diamond Trader is a state-owned entity established in terms of Section 14 of the Diamonds Amendment Act, 29 of 2005. The company is classified as a Schedule 3b entity of the Public Finance Management Act (PFMA) and is eligible by law and proclamation to purchase up to 10% of the run of mine from all diamond producers in South Africa.