The South African National Petroleum Company (SANPC) has reached a major milestone in its formation, officially welcoming 402 employees from key subsidiaries of the Central Energy Fund (CEF)—namely iGas, PetroSA, and the Strategic Fuel Fund (SFF). This marks the successful conclusion of the first phase in a broader transition process, bringing SANPC closer to becoming South Africa’s new national energy champion.
The transfer of staff is a pivotal step in consolidating the country’s energy resources and expertise under one unified entity. SANPC Chief Executive, Mr. Godfrey Moagi, hailed the development as a historic achievement that lays the foundation for driving South Africa’s re-industrialisation through major infrastructure programmes. “As we consolidate our internal resources and expertise to power South Africa’s energy future and support key government priorities, the SANPC will be at the centre of the country’s re-industrialization drive,” he said. “Through planned infrastructure programmes, the SANPC is geared to create meaningful jobs and future opportunities for all South Africans.”
The integration falls under both the short- and long-term objectives outlined in the CEF Group’s Adaptive Strategy and Scaling Up for Growth Strategic Horizon. These strategies are aimed at enhancing value creation, driving operational efficiency, and expanding the group’s energy portfolio.
Mr. Moagi added that efforts are ongoing to streamline operations and unlock value from ring-fenced assets, which will be gradually transferred to SANPC as legal and commercial frameworks are finalised. “We remain focused on the swift and practical implementation of solutions to turn around ring-fenced assets and operations. These will be progressively transferred to the SANPC once all commercial and legal requirements have been resolved,” he explained.
As SANPC continues to take shape, it is positioning itself not just as a national asset but as a regional force in the energy sector. The company is being developed as a symbol of hope and transformation, poised to impact communities across South Africa and beyond. “This will be a legacy that will transcend all the man-made borders to impact lives of ordinary lives in its quest to Power our Tomorrow,” Moagi concluded.