PrimeTime Property Holdings Limited announced the retirement of its long-standing directors Petronella Matumo and Cross Kgosidiile, with effect from 11 August 2022. Petronella has been with the company as a director since its listing on the BSE in 2007. She was the first chair of the Audit and Risk Committee, and then served as the Board Chair from 2010.

Her guidance has been invaluable in steering the company's growth and she has firmly led the implementation of governance procedures over her tenure. Cross became a director in 2011, chairing the Audit and Risk Committee from 2012. His extensive financial experience has assisted the company greatly in evaluating its investment and funding opportunities and advising on matters of compliance.