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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.

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Boas Seruwe (52)

Chairman and Non-executive Director
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 a National Higher Diploma in Taxation and is the Chief Executive Officer of AFGRI Poultry trading as Daybreak Farms Proprietary Limited. He is the non-executive chairperson of LA Crushers, Goitshepa Investment Holdings, Mamepe Insurance Brokers and Bakubung Business Supplies. He was also a member of the board of the Unemployment Insurance Fund (“UIF”) and the chairperson 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 (“PwC”) and is a former commissioner and chief financial officer of the UIF.

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Thuto Masasa (39)

Lead Independent Non-executive 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. She recently founded Phakisa Incorporated Assurance and Advisory Services after she left 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 at the 2016 The Accountant and International Accounting Bulletin Awards in London. She also holds non-executive directorships at General Electric’s Londvolota Trust and is a National Council and Finance Committee member of the South African Institute of International Affairs.

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Patrick Mngconkola (56)

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 chairperson 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.

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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 holds B.Com (Law) and LLB degrees and is an admitted attorney and conveyancer with 18 years' post-admission experience in various fields of corporate law. Her experience spans commercial property finance, structured finance and telecommunications law, having worked for commercial property finance institutions and major telecommunication companies, respectively. Ms Radebe is currently the executive head of legal affairs at Vodacom and is a member of the Corporate Counsel Association of South Africa.

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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 B.Sc (Accounting) and MBA degrees 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 has previously held executive positions in governance and risk management at Metropolitan Health and in real estate management for the National Department of Public Works. He is a nonexecutive director at Pragma Holdings.

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Damain Matroos (47)

Chief Executive Officer (Interim) from 1 February 2019
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, Gas-to-Liquid (“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.

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Tariro Gadzikwa (40)

Chief Financial Officer (Interim)
Appointed 7 February 2019

Ms Gadzikwa is a chartered accountant with more than 15 years’ experience in finance, risk management, corporate governance and assurance services. After completing her degree at Rhodes University, she joined PwC where she worked in the Johannesburg, Baltimore, London and Malawi offices, responsible for assurance engagements for listed and unlisted entities in the energy, construction, mining and manufacturing industries. Upon leaving PwC Ms Gadzikwa held various senior management and executive roles responsible for compliance, financial management and reporting, and business development. She 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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