Delegate Profile

Mr Refiloe Noel Matekane
Board Chairman
Lesotho Electricity Company
Lesotho
W : www.lec.co.ls
Industry / Sector
Power & Energy
Personal Profile
Refiloe Matekane Chairman Of The Board at Lesotho Electricity Company Lesotho Experience Lesotho Electricity Company Chairman Of The Board December 2017 - Present Maseru Lesotho Nkholi Capital Founding Partner January 2016 - Present Ministry Of Police and Public Safety (Government of Lesotho) Principal Secretary January 2014 - December 2015 (2 years) Public Officers' Defined Contribution Pension Fund (Lesotho) Member of the Board of Trustees November 2013 - February 2015 (1 year 4 months) Lesotho Mountain Star Holdings (Pty) Ltd CEO January 2013 - December 2013 (1 year) Mountain Star Holdings is a Lesotho based Investment Holding Company with operating subsidiaries in the following sectors: Mining (Diamond prospecting and Sandstone mining), Energy, Oil and Gas exploration, Property development, Civil and Structural Engineering Consultancy and Agriculture (Tahal Lesotho) Lulenge Metals Chief Executive Officer January 2006 - November 2012 (6 years 11 months) Lulenge Metals is an Exploration and Mining company with assets and Zimbabwe and the Democratic Republic of Congo. Our focus is gold, coal and diamonds. Page 1 of 2 Decillion Alternative Asset Managers Head: Quantitative Analysis Division January 2006 - December 2008 (3 years) AngloGold Ashanti Senior Quantitative Analyst and Risk Manager : Treasury January 2004 - December 2005 (2 years) Responsible for formulating strategies for the hedging of the Gold price, currency and interest rate risks that Anglogold was exposed to. Responsible for the risk management of the positions that made up the AngloGold Gold and Currency Hedge Book. Reported continuously to the Treasurer and Directors on the state of the Hedge book . Exposure to the gold market and gold marketing for a major gold mining company. Gensec Bank Quantitative Analyst: Risk management Division January 1999 - December 2000 (2 years) Johannesburg Education University of the Witwatersrand BSc Honors, Advanced Mathematics of Finance · (1998 - 1999) National University of Lesotho BSc Degree, Mathematics and Physics · (1992 - 1996)
Company Profile
Company profile Lesotho Electricity Company is the electricity utility company 100% owned the Government of Lesotho. It was established in 1969 and is responsible for transmission, distribution and supply of Electricity within Lesotho. LEC has about 230 000 customers and about 550 employees. its peak power was 156 MW in winter of 2017. 66 % of electrical energy is obtained from local generation while 33% is being imported from neighboring countries, namely South Africa and Mozambique. LEC is a member of South African Power Pool since its establishment in 1995 and participate in trading in the pool. The company has a challenge of old network which need to be refurbished, expansion of network to facilitate more connections, construction of own generating facilities to reduce import of electricity and is a need to develop skills of its technical staff. Access to finances are the only solution to Lesotho electricity company problems.