SA Minister of Energy Sacks CEO of Central Energy Fund

In a brief press statement, The Minister of Energy has announced the removed of Mr Luvo Makasi as Director and Chairperson of the Board of CEF. This followed serious allegations that were brought to the attention of the Minister.

These serious allegations were discussed with Mr Makasi by Minister on 8 March 2019 and put to him in writing by the Minister on the same day. He responded to the Minister on 11 March 2019.

Having considered Mr Makasi’s written response the Minister on 15 March wrote to Mr Makasi removing him from the CEF Board and as Chairperson.

Author: Bryan Groenendaal

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