Name: Neal Alan Reynolds (35)
Region: Southern Region
Job Title: Group Financial Controller
Years in this position: 10
Company Name: Pan African Resources PLC
Entry Category: Corporate
Neal Reynolds is a finance executive and a director of all Pan African Resources PLC subsidiaries, notably Barberton Mines Pty Ltd, Evander Gold Mining Pty Ltd and recently Elikhulu Tailings Retreatment Pty Ltd. Neal’s greatest achievement was maintaining a work/life balance while being a donor of approximately 30% of his liver to his son who required a liver transplant at 2½ years old in October 2016. The liver transplant was a success and his son is fit and healthy.
He has held additional roles as the acting CFO of Pan African Resources PLC at the age of 29 and interim joint CEO and director of the cash generative Uitkomst Colliery coal-mining operation during 2016/17, which was subsequently sold to MC Mining Ltd. Neal is a business manager and entrepreneur and in addition to managing the bottom line on existing mining operations and being involved in merger and acquisition opportunities, he has been successful in creating top-line value in new businesses such as the R1,7-billion Elikhulu project, which is currently being constructed for to treat and re-mine historical gold tailings in Evander.
Neal is skilled and innovative in BEE transaction structuring, and negotiated and implemented the Barberton Mines and Evander Mines employee share ownership scheme resulting in the employees owning 5% of the equity. Over the past five years, these schemes have paid out some R26 million in dividends to the employees.
In 2010 he was one of the founding trustees of the Barberton Mines Transformation Trust, which has directed more than R100 million in CSI/LED spend in the Barberton community. The structure was replicated in Evander by establishing the Evander Transformation Trust and was instrumental in sourcing R8 million in the initial funding of the trust from supplier contributions. He has been privileged to be involved in the construction of the Sinqobile primary school in Barberton with Pan African Resources partnering with the Cyril Ramaphosa Adopt-a-School Foundation in 2012.