SANRAL appoints new CEO in the multi-skilled Reginald Demana

The board of the South African National Roads Agency Limited (SANRAL) has appointed Reginald Lavhelesani Demana as the entity’s new CEO.

Reginald Demana’s appointment at SANRAL is subject to standard clearance and verification procedures and this comes as Sanral has been without a permanent CEO since November last year.

According to media reports, Demana is currently a divisional executive at the State-owned Industrial Development Corporation (IDC).

At IDC, Demana is responsible for a portfolio that covers the mining, metals, infrastructure, and energy sectors and he is a trained engineer and has more than 20 years’ of working experience, including in the investment banking sector.

In addition, SANRAL announced that current acting CEO Lehlohonolo Memeza will continue in her role until Demana assumes responsibility.

“As soon as formal communication is received from the Minister of Transport, the board will finalise all processes relating to the appointment,” notes board chairperson Themba Mhambi.
Demana’s expertise includes mergers and acquisitions, the structuring of empowerment deals, capital raising, and general strategic corporate finance.

He was also the former CEO of JSE-listed coal mining and trading company Wescoal, which was recently renamed Salungano.

“Demana began his professional working career as a mining engineering trainee with Anglo American Platinum, and then as a mine health and safety inspector with the Department of Mineral Resources and Energy,” reports Engineering News.

“He holds a BSc in Mining Engineering from the University of the Witwatersrand and a, MSc in Mining Engineering (with distinction) from Exeter University in the UK.”

Meanwhile, the SANRAL board believes with his expertise, Demana will contribute towards the stabilisation of the road agency’s finances, particularly the toll portfolio.

Moreover, it is expected that Demana will continue implementing the company’s mandate to plan, build and maintain the national road network with the excellence associated with SANRAL based on his impressive educational qualifications, experience in senior strategic positions, and the leading roles he has played in corporate finance in general.

Main Image: Reginald Demana/MiningMX