MyBucks S.A. is strengthening and expanding its Board of Directors: Dave van Niekerk, Founder and current CEO of MyBucks S.A., has been appointed as Executive Chairman of MyBucks S.A. Furthermore, MyBucks S.A. has appointed Tim Nuy, current Deputy-CEO as the new Chief Executive Officer with immediate effect. Tim has been an Executive Director at MyBucks since 2015 and was previously with ADC African Development Corporation AG and KPMG. Tim's immediate key priority will be the continuation of the refinancing strategy, in order to reduce cost of funds and increase scale.

Going forward, the Board of Directors has further been strengthened with the planned appointment of Dr. Markus Schachner as Deputy Chairman effective 1 April 2018, after Markus will have left McKinsey, where he served as a partner since 2011 and was part of the leadership team of the European banking, asset management and insurance sectors.