Non-Executive Directors:

Zizamele Makhaza

Non-executive Director and Chairman

Mr Zizamele Makhaza, presiding President of POPCRU since 1996 and member of the COSATU Central Executive Committee, joins the Royale Energy board of directors in a non-executive capacity.

Mr Makhaza hails from the South African Police Service where he served as Colonel since 1983.

In 1996 he was elected president of POPCRU and has since grown the organization from a mere 26,000 to over 160,000 members.

Mr Makhaza has a Bachelor of Technology Honours Degree in Policing and is currently completing his Master’s Degree at UNISA.

In 2007 he also obtained his Masters in Business Administration (MBA) from a business school in the Netherlands.

Mpho Dipela

Non-executive Director

Mr Mpho Dipela, chief financial officer of PGC, joins the Royale Energy board of directors in a non-executive capacity.

Mr Dipela has Bachelor of Commerce Degree in accounting from the University of the North and a Chartered Institute of Management Accounting (CIMA) certificate (1999).

He also serves as director of:

  • Shishangeni Lodge (Pty) Ltd;
  • WorkersLife Insurance (Pty) Ltd;
  • Workerslife Assurance (Pty) Ltd;
  • WorkersLife Direct (Pty) Ltd; and
  • Riskcon Security Holding (Pty) Ltd.

Mr Dipela also has shareholding interests in African Driveline Services (Pty) Ltd trading as Gearmax; and Blue Diamond Boutique Hotel (Pty) Ltd.

Fergus Marupen

Non-executive Director, REMCO Chairman

Fergus Marupen former Chief Human Resources Executive of ABSA has been seconded since November 2012 to the Office of the President of Business Unity South Africa and is currently the acting COO of BUSA. He holds a BA Hons (University of the Western Cape); Higher Diploma in Education (University of the Western Cape); B.Ed Honours (University of Pretoria); Masters Diploma in Human Resources Management (University of Johannesburg); MBA (University of Stellenbosch) and LCOR (Stanford, USA). Fergus has over 15 years extensive experience and understanding of HR Processes, HR Strategies, Business Processes and mentorship. Previous portfolios include General Management at Kumba Resources and Kumba Iron Ore, Vice President HR at BHP Billiton Energy Coal South Africa. He also serves on the boards of Iemas Financial Services, the Institute of People Management and the UNISA Council, HR Committee and Audit Committee. He is also a member of the Nedlac HR Committee.

Babalwa Lobbie

Non-executive Director, Chairperson of the Audit & Risk Committee

Babalwa is a Chartered Accountant with more than a decade experience in auditing, corporate finance, investments and asset management. Over the years, Babalwa has been involved in the implementation and execution of a number of mergers and acquisitions transactions across a broad range of industries. These include packaging, healthcare, office automation, aviation and services, being the Lanseria International Airport transaction. From these transactions, she has gained a lot of experience in deal structuring, fund raising, risk analysis and knowledge about different industries. She was a member of the Legal and Compliance Committee of the South African Institute of Chartered Accountants for 2013/2014 and sat on the board of Amasondo Fleet Services (Pty) Ltd.

Marcia Maphangula

Non-executive Director; Audit and Risk and Remuneration, Nominations & Governance Committee Member

Ms Marcia Maphangula, holds a BComm degree in Accounting, Business Management and Auditing and an honours degree in Auditing. She is a member of the Institute of Directors in Southern Africa (IoDSA); the South Africa Institute of Professional Accountants (SAIPA); and, the South African Institute for Business Accountants (SAIBA). Her skills lie in strategy alignment; corporate governance administration; finance and human resources.
Executive Directors:

Stephan Nothnagel

Chief Executive Officer, Executive Director 

Stephan Nothnagel is a qualified CA(SA)(University of Pretoria) and ia a practicing member of the South African Institute of Chartered Accountants. He is an accomplished South African businessman with significant experience in the petroleum industry. Before joining Royale Energy in 2006, Stephan worked at Engen where he was responsible for business planning and analysis management of a number of profitable business units within the company. After Engen he was appointed as the Financial Director of Afric Oil Petroleum where he instilled robust structures and took responsibility for establishing many profitable business units throughout the company. Since assuming the leadership role in Royale Energy, the company has grown significantly and remains on an upward growth trajectory despite challenging market conditions.

Henk de Jager

Chief Financial Officer, Executive Director 

Henk holds a degree in Accounting, completed Articles with audit firm Bentley & Partners, is a Chartered UK company Secretary & Administrator and has an MBA from Gordon Institute of Business Science in Johannesburg. Henk also completed a post graduate diploma as Non-Executive Director through Sunday Times in London and most recently he obtained a FinTech certificate from the Said Business School at Oxford. For the past twenty-five years Henk has worked in financial services (Insurance, Banking and Micro finance) with various companies in Africa and in the Middle East. He joins Royale Energy from Emirates Insurance Company, a listed short-term insurance company in Abu Dhabi, where he was the Head of Finance & Administration. He has been the CFO of Bank Gaborone, Botswana, GM for a foreign exchange risk management company in Johannesburg and Finance Director for Lesaka Employee Benefits. Henk is also a practising member of South African Institute of Professional Accountants.