We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Wescoal named Nedbank investment banker Reginald Lavhelesani Demana as its new CEO in a statement on Friday, also announcing several changes to its board and executive team. “Some of the notable transactions he has advised Wescoal on include the acquisition of Keaton Energy, a BEE transaction that saw Wescoal becoming majority black-owned, and various capital-raising transactions,” the statement said. “Recently, he has also been involved in Wescoal’s participation, along with Ata Resources Coal Investments, in the proposed acquisition by the consortium of the entire issued share capital of Universal Coal, as well as other significant transactions presently under consideration.” Demana joins Wescoal on April 1, filling a vacancy created when former CEO Waheed Sulaiman’s resignation, with effect from January 31, was announced on January 28, with no reasons provided for his exit. The junior coal miner’s independent non-executive director Humphrey Mathe has acted as interim CEO. Wescoal...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now