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South Africa
Army of consultants mobilised to forge South Africa's future state oil company

Five well-known South African consultancies, including Kearney, Mazars and Cliffe Dekker Hofmeyr, have been asked to provide legal and technical support to the Central Energy Fund (CEF). The aim is to merge three of its subsidiaries into a single state-owned company. [...]
Published on 13.12.2023 at 04:40 GMT Reading time 3 minutes
Energy

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Further reading

In Focus | South Africa
State-owned PetroSA in death throes as national energy crisis persists

PetroSA has been fighting for survival since its Mossel Bay refinery shut in 2020. Its crisis has deepened in recent months, with a lack of funds preventing urgent maintenance work on high-risk infrastructure. Company documents seen by Africa Intelligence paint a grim picture of an almost bankrupt firm hobbled by inept management and an allegedly cavalier chairman, Nkululeko Poya.

LogoSubscribers only Energy, Politics 12.06.2023
PetroSA interim chairman Nkululeko Poya, Energy and Mineral Resources Minister Gwede Mantashe and President Cyril Ramaphosa.

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