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Interim Appointments
EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company”)
INTERIM APPOINTMENTS
Efora, the South African based independent oil and gas company, is pleased to announce
the appointment of Damain Matroos as Interim Chief Executive Officer (“CEO”) and Tariro
Gadzikwa as Interim Chief Financial Officer (“CFO”), with immediate effect. This follows the
announcement made by the Company on 25 October that Dr Thabo Kgogo would be stepping
down from the position of CEO.
Damain Matroos, has over 20 years of corporate finance experience in both the UK and South
Africa. He has extensive knowledge of the Company and its operations having joined the
Company as CFO in February 2015.
Tariro Gadzikwa is a chartered accountant with over 14 years of global experience and joined
the Company in 2013. She is currently the Company’s financial controller and will replace Mr
Matroos as CFO during this time.
The Company’s search for a new CEO remains active, and the Board are confident that Mr
Matroos and Ms Gadzikwa will execute the office of their new positions with continued
diligence.
Non-Executive Chairman, Boas Seruwe commented:
“On behalf of myself and the rest of the Board, I would like to thank Dr Kgogo for his significant
contribution to the Company and wish him all the best in the future.”
“The Board fully supports the interim appointment of Mr Matroos and Ms Gadzikwa and we
look forward to working closely with them during the search for Dr Kgogo’s replacement.”
Damain Matroos, Interim CEO commented: "I look forward to working with the Chairman, the
Board and the excellent management team at Efora and I have every confidence that we will
enhance the business' current momentum and continue to deliver on our strategy.”
Johannesburg
23 November 2018
Sponsor
PSG Capital
For further information please contact:
Efora Energy Limited
Damain Matroos
+27 (0)10 591 2260
Buchanan (Financial PR adviser)
Ben Romney / Chris Judd
+44 (0)20 7466 5000
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 in the Democratic Republic of Congo; a midstream project relating to crude
trading in Nigeria and material downstream distribution operations throughout South Africa
and Zimbabwe. 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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