Board of Directors

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Mr Neville Mompati 

Mr Mompati serves as the Chairperson of CEF and SFF. He is a teacher by profession, however, he has ventured into various business opportunities spanning from retail, petroleum and mining sector in the last two decades. He is currently, also a non-executive director at the African Share Housing and Northern Cape Mining, specializing in manganese and iron ore. He was appointed a non-executive director at CEF Board in 2016.

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Mr Tseliso Maqubela 

Mr Maqubela is currently the DDG for Petroleum and Petroleum Products  Regulations at the Department on Mineral Resources and Energy (DMRE). He has 21 years of experience in the energy sector having commenced his career at the Koeberg Nuclear Power Station. He led the drafting team for the Nuclear Energy Policy of SA & is currently the chairperson of the Council for Non-Proliferation of Weapons of Mass Production. He holds a MAP & a BSc (Hons). He was reappointed a non-executive director (DMRE representative) at CEF Board in 2017.

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Ms Gosetseone Florence Leketi 

Ms. Leketi is not a newcomer to the oil, petroleum and gas sector. She is currently a Chief Director: Petroleum and Petroleum Products at the DMRE and also serves as a director at the Chieta-Base Chemicals and Petroleum Chamber. She holds a BCom (Hons) Statistics. She was appointed a non-executive director (DMRE representative) at CEF Board in 2016.


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Mr Jim Besnaar

Mr Besnaar is currently the CEO for Makomota Investment Holdings (Pty) Ltd who has successfully held senior positions both at provincial and local government level. He also serves as a director/shareholder at Circle Way Trading, Bricksnet, Yard Plant Rentals (Pty) Ltd and Dragon Loo (Pty) Ltd. He is a Chartered Accountant by profession. He was appointed a non-executive director at CEF Board in 2016

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Mr. Lufuno Makhuba 

Mr Makhuba is responsible for the CEF Group financial strategic direction, long-term commercial viability and oversees the corporate finance function as well as key Group investments. He has in-depth experience in financial modelling, preparation of AFS (consolidated and unconsolidated), budgeting/forecast, auditing, due-diligence and Corporate Finance as well as Risk Management. He holds an MBL and is a Chartered Accountant by profession.  He was appointed an executive director at CEF Board in 2017.


Vision and Mission

 To secure reliable and affordable diversified energy security solutions for the South African economy by 2030.

To provide and enable sustainable energy security solutions for South Africa in order to contribute to economic development and alleviate poverty in an environmentally responsible manner.

About CEF


CEF SOC Ltd. is involved in the search for appropriate energy solutions to meet the energy needs of South Africa, the Southern African Development Community and the sub-Saharan African region, including oil, gas, electrical power, solar energy, low-smoke fuels, biomass, wind and renewable energy sources.