HomeBusinessAsa appoints Murangari, Masunda

Asa appoints Murangari, Masunda


ASA Resources has appointed David Murangari as its new non-executive chairman of the board to clean the mess after the group was recently engulfed in a scandal amounting to $15 million.


Asa has been in the eye of a storm following suspected asset stripping and externalisation involving more than $15 million by then Asa chairman Yat Hoi Ning and his proxies.

This led to the ouster of Ning and group finance director Yim Kwan last month.

Murangari is a former permanent secretary in the Ministry of Mines and has vast experience in the industry. Murangari steps down as deputy chairman and non-executive director of BNC to assume the new post.

Asa also announced the appointment of veteran attorney Muchadeyi Masunda as non-executive chairman of Bindura Nickel Corporation (BNC). He takes over from Yim Chiu Kwan with effect from April 28, 2017.

BNC, alongside Freda Rebecca are part of ASA Resources.

“Muchadeyi Masunda — a long serving member of the BNC Board, is appointed non-executive chairman. He is an attorney with extensive experience in business, law, corporate governance and alternative dispute resolution,” the company said in a statement.

Batirai Manhando continues as managing director of BNC while Johannes Hendrikus Lambertus Lampen continues as BNC finance director.

BNC said Olivier Alain Barbeau who is a non-executive director would continue to serve in his additional role as chairman of the audit committee.

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