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Through its subsidiaries, the CEF has been a key player for over 60 years in ensuring South Africa’s energy security supply
The CEF is a state-owned enterprise that reports to the Department of Mineral Resources and Energy . Its mandate, which is derived from the Central Energy Fund Act , is to contribute to the security of energy supply of South Africa and the region through exploration, acquisition, development, marketing and strategic partnerships.
Tasked with driving economic growth, CEF group has embarked on an aggressive acquisition drive focusing on enabling energy infrastructure geared to position the group as a credible energy investment company that will continue to invest in profitable growth opportunities across the energy value chain in Southern Africa to fulfil its mandate.
SFF has commenced exploration activities and a service provider was appointed at the end of June 2022 to commence with the acquisition of Gravity Magnetic Data in Block B2 in South Sudan. The project is forecast to finalise its exploration activities by drilling wells in 2026.key turnaround initiatives are starting to yield positive results.
PASA has a partnership with the Council for GeoScience to evaluate the shale gas potential in the Karoo region. This partnership is crucial in determining the amount of shale gas resources available in the country and directing investors towards viable opportunities. By evaluating and promoting its petroleum resources, South Africa can accelerate investments in the production of its own oil and gas.
Subsequently, during his budget vote held on the 16th May 2023, Minister Mantashe announced that following the tabling of the Upstream Petroleum Resources Development Bill in Parliament, the cabinet approved the merger to form SANPC.
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