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Changes to the Board


(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE Share Code: EEL

ISIN: ZAE000248258

(“Efora” or “the Company”)


In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise that Mr Damain Matroos has been appointed by the Board as the Group Chief Executive Officer with immediate effect after having served in the role since February 2019 in an interim capacity.

Additionally, Mrs Tariro Gadzikwa is appointed by the Board as the Group Chief Financial Officer with immediate effect after having served in the role since February 2019 in an interim capacity.

Afric Oil (Proprietary) Limited (“Afric Oil”)

The Afric Oil board of directors (“the Afric Oil Board”) has also appointed Mr Ahlben Phillipus as the managing director of Afric Oil, the Company’s largest operating subsidiary.  Mr Phillipus holds an MBA (WBS), B. Com (UCT) and is currently completing his ICBB (Six-Sigma Black Belt).  He has thirteen years consulting and petrochemical experience with KPMG Advisory and Shell Petroleum, as an Independent Consultant.  His previous position held was that of Chief Operating Officer for African Group Lubricants before joining Afric Oil.

He has extensive experience within the petroleum energy sector which includes delivering on roles and projects across sales, marketing, supply, distribution, strategy and finance.  He is experienced in implementing and executing on business operating models, and developing new business opportunities.


2 March 2020


PSG Capital

For further information please contact:

Efora Energy Limited

Tariro Gadzikwa

+27 (0)10 591 2260

About Efora

Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and material downstream distribution operations throughout Southern Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade.


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