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Welcome to Efora Energy Limited

Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE.

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Board of Directors

The Board endorses a professional and robust approach to governance within the Group which reinforces its commitment to best practices.

Boas Seruwe

Boas Seruwe (52)

Non-executive Chairman
Appointed 1 April 2017
Chair of the Nominations Committee, member of the Social, Ethics and Remuneration Committee

Mr Seruwe holds B.Com (Accounting) and MBA degrees and is the executive chairman of AFGRI Poultry, the non-executive chairman of LA Crushers and holds non-executive directorships at Bophelo Insurance Group and Nzalo Short-term Insurance. He was also a member of the board of the Unemployment Insurance Fund (“UIF”) and the chairman of the Investment and Financial Advisory Committees of the UIF. Mr Seruwe has held senior appointments at the National Treasury, Department of Public Works and PricewaterhouseCoopers and is a former commissioner of the UIF.

Thuto Masasa

Thuto Masasa (39)

Lead Independent Director
Appointed: 1 April 2017
Chair of the Investment Committee and Audit and Risk Committee, Member of the Nominations Committee

Ms Masasa is a chartered accountant with extensive experience established over approximately 15 years working in commerce, assurance and corporate advisory services in South Africa and London. More recently she was a partner at Nkonki Incorporated where she was the Head of External Audit Services. Ms Masasa received an International Service Line Development Award at the 2015 Kreston World conference in Rio for driving the adoption of integrated reporting and a Young Accountant of the Year Award in 2016 at the London International Accounting Bulletin (“IAB”) and The Accountant (“TA”) Awards. She also holds non-executive directorships at General Electric’s Londolovota Trust, the Mpumalanga Economic Growth Agency and is a National Council and Finance Committee member of the South African Institute of International Affairs.

Patrick Mngconkola

Patrick Mngconkola (56)

Independent Non-executive Director
Appointed 1 April 2017
Chair of the Social, Ethics and Remuneration Committee

Mr Mngconkola holds B.Tech (Business Administration) and Human Resources Management degrees and served the South African Government with dignity and pride for 30 years in the South African Police Service. He served on the board of the Public Investment Corporation SOC Limited where he was a member of the Investment, Audit and Risk, and Directors’ Affairs Committees and chairman of the Human Resources and Remuneration Committee. Mr Mngconkola is also a member of the boards of the V&A Waterfront, Growth Point Properties Limited, Harith General Partners, and Premier Finishing and Food Brands.

Zanele Radebe

Independent Non-executive Director
Appointed 19 December 2018
Member of the Social, Ethics and Remuneration Committee, Audit and Risk Committee and Investment Committee 

Ms Radebe is an admitted attorney and conveyancer, specializing in commercial law. She is the Executive Head of Department: Public Sector at Vodacom and also served as legal advisor to ABSA and Standard Bank in the past.

VuyoNgonyama

Vuyo Ngonyama

Independent Non-executive Director
Appointed 19 December 2018
Member of the Nominations Committee, Audit and Risk Committee and Investment Committee 

Mr Ngonyama holds a B.Sc (Accounting) and an MBA degree from Roosevelt University. He has extensive oil industry experience which started at Texaco Inc in Houston and culminated at Caltex Oil (SA) where he worked in Finance & Accounting and Corporate Planning. He facilitated the restructuring of the Chevron/Texaco lubricants business in five countries in West Africa and restructured the procurement function at the Chevron Refinery in the Western Cape. Mr Ngonyama held executive positions in Governance and Risk Management at Metropolitan Health and in Real Estate Management for the National Department of Public Works.

Mr Ngonyama also holds a non-executive directorship at Pragma Holdings.

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Damain Matroos (47)

Interim Chief Executive Officer
Appointed 1 February 2015

Mr Matroos has over 20 years’ experience in corporate finance both in the United Kingdom and more recently in South Africa. He joined Efora from Sasol where he held the position of Vice President: Corporate Finance, responsible for mergers and acquisitions, and specialised funding for the Sasol Group. He played a significant corporate finance role on a number of Sasol’s major capital projects, including its mining, GTL refinery and upstream activities. He holds a B.Com (Accounting) degree and Post Graduate Diploma in Accounting from the University of Cape Town and is a chartered accountant.

Tariro Gadzikwa (40)

Interim Financial Director
Appointed 7 February 2019

Mrs Gadzikwa is a chartered accountant with more than 14 years' experience in finance, risk management, corporate governance and audit. After completing her degree at Rhodes University, she joined PriceWaterhouseCoopers ("PwC") where she worked in the Johannesburg, Baltimore, London and Malawi offices, responsible for assurance engagements for listed and unlisted entities in the construction, mining and manufacturing industries. Upon leaving PwC Tariro held various senior management roles responsible for compliance, financial management and reporting, and business development. Tariro is a member of The South African Institute of Chartered Accountants and an associate of the London Institute of Risk Management.

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