The board of the State-owned Strategic Fuel Fund (SFF) and Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed Sesakho Magadla as acting Group CEO, effective immediately.
The board of directors remains fully committed to supporting the executive management teams of both the SFF and PetroSA to ensure the seamless continuation of operations.
“We also extend our gratitude to all stakeholders for their ongoing support as the companies work towards implementing strategic initiatives aimed at securing long-term sustainability.
“We extend our best wishes to Ms Magadla as she assumes her new role and leads the organisation through this important transition,” the board said.
It also expressed its appreciation to Mmete Petrus Fusi for his leadership and contributions during his tenure.
SFF and PetroSA remain committed to ensuring the security of energy supply for the country, the board said. 