Suresh Kana - ILVOF Independent Non-Executive Director

Director

Dr. Suresh Kana was appointed as Independent NonExecutive Director of the Company effective July 15 2015 since 2015.
Age 59
Tenure 9 years
Phone27 31 508 4300
Webhttp://www.illovosugar.co.za/about-us/zambia
Kana is a chartered accountant and holds a Master degree in Commerce from the University of the Witwatersrand and Honorary Doctorates from the Nelson Mandela Metropolitan University and the University of Johannesburg. He is a Professor of Accounting at the University of Johannesburg and an Honorary Professor at the Centre of Accounting, University of the Free State. He is also a Fellow of the Institute of Directors, South Africa, and a member of the Institute of Internal Auditors, South Africa. Dr Kana is the Territory Senior Partner of PwC Africa and a member of PwC Global Strategy Council, until his retirement on 30 June 2015. He also served for four years on PwC Global Board.

ILVOF Management Efficiency

The company has return on total asset (ROA) of 5.79 % which means that it generated a profit of $5.79 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on equity (ROE) of 9.31 %, meaning that it generated $9.31 on every $100 dollars invested by stockholders. ILVOF's management efficiency ratios could be used to measure how well ILVOF manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 358.88 M in total debt with debt to equity ratio (D/E) of 71.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ILVOF has a current ratio of 1.36, which is within standard range for the sector. Debt can assist ILVOF until it has trouble settling it off, either with new capital or with free cash flow. So, ILVOF's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ILVOF sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ILVOF to invest in growth at high rates of return. When we think about ILVOF's use of debt, we should always consider it together with cash and equity.

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Illovo Sugar Limited produces and sells sugar and downstream products. Illovo Sugar Limited is a subsidiary of ABF Overseas Limited. Illovo Sugar is traded on OTC Market in USA. ILVOF [ILVOF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

ILVOF Leadership Team

Elected by the shareholders, the ILVOF's board of directors comprises two types of representatives: ILVOF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ILVOF. The board's role is to monitor ILVOF's management team and ensure that shareholders' interests are well served. ILVOF's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ILVOF's outside directors are responsible for providing unbiased perspectives on the board's policies.
Larry Riddle, Commercial Director, Executive Director
Nigel Hawley, Human Resources Executive
Paul Lister, Non-Executive Director
Ami Mpungwe, Non-Executive Independent Director
Carol Molope, Non-Executive Independent Director
MDP MechEng, Operations Director, Executive Director, Member of Executive Committee, Member of Social and Ethics Committee and Member of Risk Management Committee
Dennadayalen Konar, Non-Executive Independent Director
Michael Hankinson, Non-Executive Lead Independent Director
Suresh Kana, Independent Non-Executive Director
Jonathan Cowper, Non-Executive Director
Jennifer Kunst, Company Secretary
Gavin Dalgleish, Managing Director, Executive Director
Trevor Munday, Non-Executive Independent Director
Mark Carr, Non-Executive Director
Mohammed AbdoolSamad, Financial Director, Executive Director
John Hulley, Executive Director
Godfrey Gomwe, Independent Non-Executive Director

ILVOF Stock Performance Indicators

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Other Consideration for investing in ILVOF OTC Stock

If you are still planning to invest in ILVOF check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ILVOF's history and understand the potential risks before investing.
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