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Pan African Resources names new CEO and finance head

JOHANNESBURG (Reuters) - South Africa's Pan African Resources said on Monday it had named a new chief executive and financial director. The company said interim joint chief executive Ron Holding will take over as CEO with immediate effect. It also named Cobus Loots, a managing director at Shanduka Resources, as its next financial director. Loots will replace Busi Sitole who steps down at the end of September.