Central Energy Fund Board Announces New Key Appointments

The South African Central Energy Fund (CEF) Board has appointed Chairperson of Matleng Energy Solutions and former Director-General for the Department of Energy, Nelisiwe Magubane, as the new Chairperson of the Strategic Fuel Fund (SFF) with immediate effect.

As a seasoned professional with 25 years’ experience in the sector and holding various senior positions, Magubane will take over the reins from the interim Chairperson, Dr. Monde Mnyande.

She joined the Department of Energy as the Chief Director and was responsible for the restructuring of the electricity sector, planning and implementation of the electrification program. She was later appointed as the department’s Deputy Director-General and then appointed as the Director-General of the Department for Energy from 2009 to 2014.

Meanwhile, the Board of the CEF also appointed Sembie Danana as a Non-Executive Director of PetroSA. Danana is an experienced business executive and an entrepreneur, whose career spans over a period of 36 years, ranging from public relations, aviation, mining and construction.

“These appointments could not have come at a better time when the group is embarking on a journey to merge three subsidiaries, PetroSA, Strategic Fuel Fund and IGas, to form a National Oil and Gas Company of South Africa,” said Dr. Monde Mnyande

“We look forward to tapping into their rich experiences, as business leaders to complement the work of existing directors to bring stability and certainty within the group.” he added.