SacOil Holdings Limited announced the appointment of Ms. Thuto Masasa, Mr. Patrick Mngconkola and Mr. Boas Seruwe as non-executive directors of the company with effect from 1 April 2017 subject to the completion of procedures required by the Alternative Investment Market of the London Stock Exchange for the appointment of directors. Ms. Masasa is a partner at Nkonki Incorporated were she is the Head of External Audit Services. She holds non-executive directorship at the Mpumalanga Economic Growth Agency. Mngconkola serves on the board of the Public Investment Corporation SOC Limited where he is a member of the investment, audit and risk and directors' affairs committees and chairman of the human resources and remuneration committee. Mr. Mngconkola is also a member of the boards of the V&A Waterfront and Growth Point Properties Limited. He will serve on the Board of Directors of SacOil as a non-executive director. Seruwe is also a member of the board of the Unemployment Insurance Fund ("UIF") and the chairman of the investment and financial advisory committees of the UIF. Mr. Seruwe has held senior appointments at the National Treasury, Department of Public Works and PricewaterhouseCoopers and is a former commissioner of the UIF.