HOT TOPICS
ARTICLES RELATING TO CENTRAL ENERGY FUND

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.

Wait on for veil to lift on SA secret fuel sale

2017-10-03 07:02

The Central Energy Fund board chairperson says the fund is still calculating how much SA lost when 10.3 million barrels from its strategic fuel reserve were sold off in 2015.

Only two board members left at beleaguered PetroSA - report

2017-06-07 12:13

Four of the six remaining board members at PetroSA have tendered their resignations, according to a report.

Energy minister wants to clean house after fuel stock saga

2017-05-19 19:56

The sale of SA’s strategic fuel stock has prompted Energy Minister Mmamoloko Kubayi to second her director-general to act as CEO at the Strategic Fuel Fund.

Petro SA mum on business rescue reports

2017-05-04 17:10

The Central Energy Fund is handling certain issues regarding its subsidiary Petro SA internally and will make its decisions known in time, says a spokesperson.

Under-fire CEF to pay staff over R41m in bonuses

2016-11-11 10:54

The Central Energy Fund, which is responsible for overseeing PetroSA and the Strategic Fuel Fund, will pay more than R41m in bonuses to its staff this financial year.

Oilgate: How insiders stole R1.5bn in sale of SA’s strategic oil stockpile

2016-08-23 08:00

ALEC HOGG EXCLUSIVE: Those who engineered the sale of SA’s Strategic Fuel Fund on the conditions reported did it to enrich themselves.

AG to probe R5bn 'secret’ oil deal

2016-06-21 21:30

The Auditor General will be investigating the allegedly unlawful sale of 10 million barrels of crude oil fuel stocks involving Minister of Energy Joemat-Pettersson.

Energy Fund downplays 'secret' oil sale

2016-05-26 13:32

The Central Energy Fund has defended its "secret" sale of oil, saying SA still has access to 90 days of crude oil reserves, which is 30 days more than the required volumes.

PetroSA move 'victory for political pressure'

2014-11-28 11:10

The DA has hailed the decision to fire Tshepo Kgadima as director and chairperson of PetroSA as a victory for political pressure.

 

Caught between a rock and Zwane

2017-10-08 06:00

Facing insolvency, the Central Energy Fund is being dogged by a dodgy fuel deal and uncertainty over the role of the resources minister.

Energy Minister wants assurance on KPMG analysis of oil sale

2017-09-20 19:06

A probe into South Africa's sale of 10 million barrels of crude oil reserves in 2015 may be delayed after Energy Minister Mmamoloko Kubayi expressed concern that KPMG conducted a a key financial analysis in the probe.

Criminal charges in the pipeline for fuel fund execs - minister

2017-05-30 13:00

Energy Minister Mmamoloko Kubayi says her department's probe into the Strategic Fuel Fund's attempts to buy assets in the country from Chevron is heading for criminal action.

MPs demand answers on 'illegal' fuel stock sale

2017-05-19 13:17

Political parties have again lambasted the "secret" sale of South Africa's strategic fuel stocks and insist on answers from new Energy Minister Mmamoloko Kubayi about the deal.

Central Energy Fund mum on fate of PetroSA board members

2017-04-24 20:16

The Central Energy Fund declined to comment on a report that its chairperson allegedly asked board members of PetroSA to resign with immediate effect.

Central Energy Fund grilled over oil deal

2016-11-08 14:07

The Central Energy Fund is being trounced by Parliament over its failure to recognise the gravity of the controversial sale of 10 million barrels of SA’s crude oil reserves.

Energy minister orders review of fuel fund contracts

2016-07-28 09:55

Energy Minister Tina Joemat-Pettersson has ordered the Central Energy Fund to conduct a review of Strategic Fuel Fund contracts since 2014.

Energy minister, SFF chief face legal action over 'secret’ oil deal

2016-05-27 13:29

The DA will be taking legal action against the Energy Minister and Central Energy Fund chief regarding its "secret" sale of oil, it has announced.

Kgadima fiasco shows PetroSA has no control

2014-11-30 09:22

The chairperson fiasco at PetroSA shows the Central Energy Fund is still treating its most recognised brand as a child, says brand management expert Solly Moeng.

Gauteng petrol could go up to R13.20/l

2013-06-14 11:34

A weaker rand and higher international product prices may push Gauteng's retail petrol price close to the April record of R13.20 per litre in July‚ data shows.

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