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Group Structure


David Chaim Kovarsky
Non-executive chairman
Date of appointment: 5 December 2007

After qualifying as a chartered accountant, David was appointed as an audit manager at Arthur Andersen. In 1983, he joined JCI in a corporate finance function, progressing to managing JCI’s ferrochrome arm, CMI. Thereafter, David ran Times Media Limited (TML) and served on the boards of listed companies such as TML, SA Breweries, M-Net and Premier Milling. Subsequently, he has been involved in finance and strategy consulting functions and served as the CEO or CFO of companies of various sizes, mostly related to resources.

Until August 2011, David was the CEO of International Ferro Metals Limited, a company listed on the London Stock Exchange producing ferrochrome in South Africa. He is currently the Senior Vice President of Sibanye-Stillwater.


Marais Steyn

Chief executive officer
BComm (Hons), CA(SA)
Date of appointment: 13 December 2006


After qualifying as a chartered accountant, Marais was appointed as a manager in the audit and management consulting departments at KPMG. Subsequently, he managed and founded an auditing and corporate advisory firm serving the needs of various major corporations and parastatals. Prior to his appointment to the board of R&E, he served as financial director of Aflease Limited, a JSE-listed gold and uranium mining company.



John Hulme Scholes
Independent non-executive director
BA (Law), LLB (Wits)
Date of appointment: 19 February 2010

Hulme holds a BA Law and LLB degree from the University of Witwatersrand and is an admitted attorney of the High Court of South Africa. Hulme specialised in mining and mineral law and has practiced exclusively in the field for 18 years. He was appointed as a non-executive director of Aquarius Platinum (AQPSA) in 2004 and was a partner at Werksmans Attorneys from 1999 to 2008. In 2008 he was appointed as an executive commercial director of AQPSA. On 1 October 2010 Hulme returned to the legal profession as a mining and mineral law advisor and is now a non-executive director of West Wits Mining Limited, which is listed on the Australian Stock Exchange.


Van Zyl Botha
Financial director
BComm (Stellenbosch), (Hons) CA(SA)
Date of appointment: 6 May 2010

After qualifying as a chartered accountant, Van Zyl founded a financial consulting firm focused on the mining industry. He consulted for dual listed mining companies and was involved in government consulting at the Department of Defence through the office of the Auditor General. He joined R&E in 2006 to assist with accounting and forensic requirements and was subsequently appointed as group financial manager, as CFO on 1 August 2009, and as financial director on 6 May 2010.


Patrick Burton
Independent non-executive director
BComm (Hons) Financial Management, Post Graduate Diploma in Tax Law
Date of appointment: 23 May 2013

Patrick was one of the founding members of Siphumelele Investments Limited, a black economic empowerment company, established in 1995, with a shareholder base representing in excess of 150 000 previously disadvantaged individuals. His experience as a director includes non-executive positions in fishing, food and financial services. Patrick is a member of the audit committees of PSG Group Limited, PSG Konsult Limited, Quantum Foods Limited and Safrican Limited.

Registered office of Randgold & Exploration Company Limited

Registration number: 1992/005642/06
Registered Office: Suite 24, Katherine & West Building,
Corner Katherine and West Streets,
Sandton, 2196

Postal Address: PO Box 202
Stellenbosch, 7600
Phone:  071 580 3739
Fax: 086 235 9863