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Former DG Appointed SFF Chairperson Featured

MEDIA STATEMENT

Attention: News Editors and Journalists

Date: 2 June 2020

For Immediate Release

 

FORMER DG APPOINTED SFF CHAIRSPERSON

Johannesburg -The Central Energy Fund Board today announced the appointment of former Director-General for the Department of Energy, Ms. Nelisiwe Magubane as the new Chairperson of the Strategic Fuel Fund (SFF) with immediate effect.

She will take over the reins from an interim Chairperson, Dr Mnyande who in his capacity as a CEF Group Chairperson was unanimously appointed by CEF Board in concurrence with the Minister of Mineral Resources and Energy, Mr Gwede Ma

ntashe, to oversee the management of SFF Board affairs whilst the process of appointing a permanent chairperson was being finalized.

Ms. Nelisiwe Magubane is not a stranger in the energy business. She is seasoned professional with 25 years’ experience in the sector. Over this period, she held various senior positions. In November 2000, she joined the Department of Minerals and Energy as the Chief Director responsible for the restructuring of the electricity sector, planning and implementation of the electrification programme.

She was later appointed as a Deputy Director General responsible for the development of the policies that govern the electricity, nuclear and clean energy in South Africa. In addition, later as the Director General of the Department for Mineral Resources and Energy from 2009 to 2014.

During her tenure as the Director General, she was instrumental in facilitating engagements in the formation of the Southern African region power bloc.

This power energy bloc included the Cahora Bassa power system negotiations with Government of Mozambique and Government of Portugal, the Grand Inga Treaty with the Governments of the Democratic Republic of Congo, Republic of Angola, Republic of Namibia and Republic of Botswana.

Currently, she is an Executive Chairperson of Matleng Energy Solutions (Pty) Ltd based in Johannesburg.  She also served as a non-executive director at various energy companies in South Africa. She holds a Bachelor of Science degree in Electrical Engineering from Natal University and a Post Graduate Diploma in Business Administration from the University of West London. She is a registered electrical engineer.

Meanwhile, the CEF Board also appointed Mr Sembie Danana as a non-executive director of PetroSA to fill a vacant position within its ranks. Mr Danana is a seasoned business executive and an entrepreneur, whose career spans over a period of 36 years, ranging from public relations, aviation, mining and construction.

Commenting on the appointment of these two non-executive directors, the CEF Group Chairperson, Dr Monde Mnyande said, “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. We look forward to tap into their rich experiences, as business leaders to complement the work of existing directors to bring stability and certainty within the group”.

For more information, contact:

Jacky Mashapu

Corporate Affairs Manager

Cell: 071 485 6856

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Ends

Last modified on Tuesday, 02 June 2020 10:59
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