Johannesburg - Former governor of the SA Reserve Bank, Tito Mboweni, has been appointed independent non-executive chairman for SacOil, the company said on Monday.
The company also appointed Mzuvukile Jeff Maqetuka as independent non-executive director, it said in a statement.
“SacOil is humbled to have acceptances to join its board from pre-eminent South Africans such as Mr Mboweni and ambassador Maqetuka,” SacOil CEO Robin Vela said.
“Their addition to the board will not only transform the SacOil board, but adds heavyweight individuals with experience and leadership roles in corporate South Africa 1/8and 3/8 also in international relations across the African continent.”
SacOil is an African independent upstream oil and gas company.
Mboweni said he was delighted to join the SacOil board.
“It has always been my wish to be part of efforts that harness Africa's resources,” he said.
“The oil and gas business is one avenue through which Africa's resources can be restored to her people.”
Mboweni said he looked forward to working with his new colleagues in building SacOil into a giant enterprise in the quest for Africa's development. - Sapa