CEF appoints new Directors to the PetroSA board

MEDIA STATEMENT

06 July 2017

CEF appoints new Directors to the PetroSA board

Johannesburg – The CEF Board is pleased to announce the appointment of an interim board for PetroSA with effect from the 5th July 2017.

This decision is the culmination of a thorough assessment, consultation and engagement with all parties concerned cognisant of the financial sustainability and the strategic direction of the national oil and gas entity.

The appointed team brings to PetroSA demonstrated and relevant industry experience and strategic acumen. Most importantly, their combined experience will further support the strategy to deliver value to the entity’s stakeholders through good governance, operational excellence, and continued growth.

The CEF board will work closely with the interim board to provide any requisite support and to ensure that its functioning is not hindered in its efforts to bring stability and sustainability to PetroSA.

The new PetroSA interim board is constituted as follows:

1. Mr Nhlanhla Gumede – Chairperson
2. Ms Leanne Williams
3. Mr Quentin Mathew Noto Eister
4. Ms Puleng Kwele
5. Mr Boy Manqoba Ngubo
6. Dr Nomvuselelo Songelwa
7. Mr Sepheu Simon Masemola
8. Mr Mthozami Xiphu

For any inquiries and, please contact: Mr Jacky Mashapu
Head of Corporate Affairs: CEF Group
Cell: 071 485 6856
Tel: 010 201-4700
E-mail: jackym@cefgroup.co.za

CEF appoints new Directors to the PetroSA board

MEDIA STATEMENT

06 July 2017

CEF appoints new Directors to the PetroSA board

Johannesburg – The CEF Board is pleased to announce the appointment of an interim board for PetroSA with effect from the 5th July 2017.

This decision is the culmination of a thorough assessment, consultation and engagement with all parties concerned cognisant of the financial sustainability and the strategic direction of the national oil and gas entity.

The appointed team brings to PetroSA demonstrated and relevant industry experience and strategic acumen. Most importantly, their combined experience will further support the strategy to deliver value to the entity’s stakeholders through good governance, operational excellence, and continued growth.

The CEF board will work closely with the interim board to provide any requisite support and to ensure that its functioning is not hindered in its efforts to bring stability and sustainability to PetroSA.

The new PetroSA interim board is constituted as follows:

1. Mr Nhlanhla Gumede – Chairperson
2. Ms Leanne Williams
3. Mr Quentin Mathew Noto Eister
4. Ms Puleng Kwele
5. Mr Boy Manqoba Ngubo
6. Dr Nomvuselelo Songelwa
7. Mr Sepheu Simon Masemola
8. Mr Mthozami Xiphu
For any inquiries and, please contact: Mr Jacky Mashapu
Head of Corporate Affairs: CEF Group
Cell: 071 485 6856
Tel: 010 201-4700
E-mail: jackym@cefgroup.co.za