JJ Tabane appointed chairperson of electric vehicle company Agilitee

25 July 2022 - 18:59 By TimesLIVE
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JJ Tabane has been appointed chairperson of the board of directors of electric vehicle company Agilitee.
JJ Tabane has been appointed chairperson of the board of directors of electric vehicle company Agilitee.
Image: SUPPLIED

Electrical vehicle company Agilitee on Monday announced the appointment of JJ Tabane as chairperson of its board of directors.

Agilitee said it is about to list on the JSE through a public offering of 10% of its business for $2bn (about R34.13bn).

The company said as part of the process to list, a board of directors was announced and submitted to the JSE on Monday.

Agilitee’s founder and CEO is Mandla Lamba. In September last year, the Financial Sector Conduct Authority (FSCA) warned the public to act with caution when dealing with him.

“The FSCA has received information that Mandla Lamba is conducting unregistered business and offering shares to members of the public on social media and other broadcasting platforms, promising them unrealistic returns,” the authority said.

Lamba was not authorised under the Financial Advisory and Intermediary Services (FAIS) Act to render financial advice and intermediary services. 

It said Lamba was linked to four companies which were also not authorised under the FAIS Act. These were Mandla Lamba Billionaires Club, Agilitee (Pty) Ltd, Verityhurst Academy and Verityhurst Capital.

However, Lamba denied that he and the companies were providing financial advisory services.

Announcing the chairperson appointment, Lamba said Tabane was no stranger to initiatives in the green economy, having played numerous roles such as head of the ministry of environmental affairs, head of communications for the World Summit on Sustainable Development and board chairperson of the Indalo Yethu Environmental Campaign.

“Tabane, a media personality, communications expert, author and business executive, will lead a global board with members from Agilitee operations in the UK, US, Asia, Europe and Africa and is also a significant shareholder in the business who has advised the company for almost two years,” the company said.

“Working in a revolutionary green and Al [artificial intelligence] space is a privilege on opening a whole new carbon-free future for our economy,” Tabane said.

“I look forward to [put] into practice what I have been focusing on since my participation in the world summit in 2000 and looking forward to a successful IPO for Agilitee to go to new heights.”

Agilitee said it hoped to launch three electric vehicles and about 200 AI products in October at the Johannesburg Expo Centre.

TimesLIVE

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