Mantashe says former chair of Central Energy Fund resigned, was not fired

2019-10-03 14:08

This contradicts a previous statement by ex-minister Jeff Radebe, who said he fired the fund's former chair in mid-March.

Forensic probe into 2015 sale of strategic fuel stocks complete - Mantashe

2019-07-10 06:01

The probe concerns the sale of 10.3 million barrels of oil by the Strategic Fuel Fund in late 2015 when global oil prices were at a historic low.

Consumers in for a 'shock' with third straight petrol price increase expected in May - AA

2019-04-15 16:16

Strong international fuel prices have increased the likelihood of an unwelcome petrol price hike for May, says the AA.

CEF to probe PetroSA, SFF deals and will seek legal action over fuel sale

2017-10-24 06:01

The Central Energy Fund's board wants a court to declare an illegal sale of SA's strategic oil reserves void, and plans to launch a full-scale probe into the Strategic Fuel Fund and PetroSA, a source told Fin24.

PetroSA makes R1.4bn loss in 2016/17

2017-09-29 19:04

PetroSA’s net loss of R1.4bn in the 2016/17 financial year casts doubt on whether the state-owned entity would be able to continue operating, the Auditor General says in a report.

Energy Minister suspends Central Energy Fund board, including acting CEO and CFO

2017-08-01 05:45

Energy Minister Mmamoloko Kubayi has suspended the Central Energy Fund board, including its acting chief executive, chief financial officer and company secretary.

Relief for financiers as loss-making PetroSA gets new board

2017-07-06 10:40

The Central Energy Fund has appointed an interim board for PetroSA as financiers seek assurances after PetroSA’s botched Project Ikhwezi made a R14.5bn loss.


Petrol price to increase by 11 cents per litre

2019-08-02 20:16

The price of petrol will increase by 11 cents per litre from August 7

Carbon tax expected to cancel out petrol price drop in June - AA

2019-05-28 15:05

While the petrol price may be headed for a 10c a litre drop in in June, the new carbon tax on fuel of nine cents per litre is expected to cancel out the decrease, according to a projection by the AA.

Petrol price relief: November price cut expected after eight long months

2018-10-25 16:01

But the same data that suggests a petrol price cut shows there could be trouble for diesel users.

SA seeks Glencore, Vitol talks as legal fight looms

2017-10-11 11:30

South Africa plans to engage with traders who acquired strategic oil reserves two years ago, even as it prepares legal action to try to cancel the deal.

Minister denies CEF board suspension

2017-08-01 15:51

Energy Minister Mmamoloko Kubayi has denied that she had suspended the Central Energy Fund's board members.

Robust rand could buffer expected petrol price hike

2017-07-17 13:58

If the rand remains stable against the dollar over the next few weeks, consumers could see a smaller than expected increase in the fuel price in August.

Project to retrieve SA's apartheid oil stash stalls

2017-06-30 05:00

A company that borrowed $15.4m worth of oil sludge from the government to help fund the recovery of crude stored in a mine during apartheid has yet to deliver more than three years later, says a source.

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