Kumba Iron Ore Limited announced the appointment of Ms. Montsheng Josephine Tsele as a non-executive director to the board, with effect from 30 April 2021. Ms. Tsele will represent the Industrial Development Corporation ("IDC") on the board. She currently fulfils the role of Chief Risk Officer at the IDC and is responsible for enterprise-wide risk management. She previously worked in the banking sector and has occupied various roles since 1996, working predominantly in the risk management divisions of a number of South African investment banks and development finance institutions. Ms. Tsele has diverse experience which covers key sectors of the economy such as power, infrastructure, construction, mining, FMCG and ICT. She further has experience in country risk management, structured trade and in bank counterparty assessments.