Grand Parade Investments Limited announced that Monde Nkosi, who will retire by rotation at the Company's annual general meeting to be held on 30 November 2022, has indicated that he will not be making himself available for re-election. Monde was appointed to the board of directors of GPI in December 2019. He has chaired the Investment Committee and been a member of the Remuneration and Nomination Committee.

He has served in these roles with distinction and contributed to the successful value unlock program at GPI over the last three years.