Our Team
The success of our business relies on strong leadership and robust corporate governance.
Hulisani has a leadership team of highly experienced professionals with a deep knowledge of the energy sector.
The success of our business relies on strong leadership and robust corporate governance. Hulisani has a leadership team of highly experienced professionals with a deep knowledge of the energy sector.
Masibulele Dem
Chief Financial Officer
Masibulele is a Chartered Account with extensive financial services experience. For over 16 years he worked with leading financial services organisations including KPMG, Barclays, Standard Bank, Mazwe Financial Services and Africa Rising Capital.
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Masibulele Dem
Masibulele Dem
Chief Financial Officer
Appointed: 1 July 2017
Masibulele is a Chartered Account with extensive financial services experience. For over 16 years he worked with leading financial services organisations including KPMG, Barclays, Standard Bank, Mazwe Financial Services and Africa Rising Capital. Previously, Masibulele was the chief financial officer at Mazwe Financial Services.
His expertise includes financial management and investment banking, all skills that provide him with the experience necessary to be the CFO of Hulisani.
He is passionate about finance and investments and has a particular interest in the energy sector of Sub-Saharan Africa.
Masibulele holds a BCom from UCT and a BCom (Honours) from the University of Natal.
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Non-Executive Directors
Patilizwe Mdoda
Independent Non-Executive Chairperson
Pat is a seasoned executive who served at various bluechip companies. He has held executive positions at South African Breweries – Beer Division, Edgars Consolidated Group (Edcon) and Kumba Resources Limited.
Patilizwe Mdoda
Patilizwe Mdoda
Independent Non-Executive Chairperson
Appointed: 11 February 2016
Pat is a seasoned executive who served at various bluechip companies. He has held executive positions at South African Breweries – Beer Division, Edgars Consolidated Group (Edcon) and Kumba Resources Limited. He also served as a member of the South African Petroleum Industry Association (SAPIA) Board of Governors. Pat’s contribution to the growth of Royale Energy as a founder, Board member and Chairman of the Group is one of his career highlights.
He participated in the deal structuring and fundraising that turned Royale into a multi-billion rand revenue company. Pat exited and sold his equity held through PYUTAZ Family Trust as part of the sale of the company to the Police and Prisons Civil Rights Union (Popcru). Pat has a strong understanding of empowerment, having been part of the committee which selected the participants in the Kumba Resources transaction which resulted in the development of Exxaro Resources Limited.
He has extensive networks and interfaces at senior level with both government and captains of industry. Pat holds a BComm (Unitra), MBA (Natal) and Certificate in International Relations (Delhi, India).
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Dudu Hlatshwayo
Independent Non-Executive Director
Dudu has over twenty years’ solid business management experience across a broad range of areas including corporate finance, business process re-engineering, organisational design, corporate strategy development, business planning, change management and programme and project management.
Dudu Hlatshwayo
Dudu Hlatshwayo
Independent Non-Executive Director
Appointed: 11 February 2016
Dudu has over twenty years’ solid business management experience across a broad range of areas including corporate finance, business process re-engineering, organisational design, corporate strategy development, business planning, change management and programme and project management.
She was previously a Partner at Ernst & Young, Director in the Corporate Finance Division of Andisa Capital, Product Manager at ABSA Bank, Group Executive at Transnet and Product Manager at Telkom. Dudu also founded management consulting business, Change EQ, in 2006.
Dudu has an MBA from the University of South Africa.
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Harald Schaaf
Independent Non-Executive Director and Investment Committee Chairperson
Harald has over 30 years’ experience in the development and implementation of power generation projects. He gained this experience leading a diverse range of projects across various continents, while employed by Lahmeyer International and UCI Utility Consultants International for 26 years.
Harald Schaaf
Harald Schaaf
Independent Non-Executive Director and Investment Committee Chairperson
Appointed: 14 April 2016
Harald has over 30 years’ experience in the development and implementation of power generation projects. He gained this experience leading a diverse range of projects across various continents, while employed by Lahmeyer International and UCI Utility Consultants International for 26 years.
Since 2007 Harald continued his career with E.ON Technologies and Uniper SE. He is currently the CEO of Uniper Energy Southern Africa (PTY) Ltd, a 100% subsidiary of Uniper SE. His experience includes EPC and contract management, improvement of operation and maintenance, performance improvement on large coal- fired steam and gas turbine power stations.
Harald studied instrumentation & control and mechanical engineering, holds a Master of Science from the Fachhochschule Osnabrück. He completed a programme for Executive Development at the IMD Lausanne.
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Karabo Ngwaname Kekana
Independent Non-Executive Director
Karabo’s qualifications include a MCom in International Accounting (CW) and a B.Com Accounting Honours degree from the University of Johannesburg. Karabo is also a qualified Chartered Accountant (SA).
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Karabo Ngwaname Kekana
Karabo Ngwaname Kekana
Independent Non-Executive Director
Appointed: 9 March 2020
Karabo’s qualifications include a MCom in International Accounting (CW) and a B.Com Accounting Honours degree from the University of Johannesburg. Karabo is also a qualified Chartered Accountant (SA).
She has several years of accounting experience and currently serves as a senior lecturer in accounting studies at the University of Johannesburg. Karabo also serves as a member of the South African Institute of Chartered Accountants Accreditation team and as a senior reviewer of the JSE Limited Pro-active Monitoring team.