Party says failure impacts the three merging SOEs – PetroSA, iGAS, and SFF – and over 400 employees
Failed launch of National Petroleum Company sparks uncertainty for SOEs and Energy future
2 April 2025
The South African National Petroleum Company (SANPC) was set to launch yesterday, Tuesday 1 April 2025. This didn’t happen and there’s been no communication from the SANPC or it’s transitional holding company the Schedule 2 state owned CEF group.
The failure to go live or launch by the company has serious implications for the three merging SOEs namely PetroSA, iGAS and SFF.
More than 400 employees from these three SOEs were supposed to be transferred to SANPC with the conclusion and fulfilment of all corporate plans. The future of these three SOEs and their employees now remains unclear with the legal status of the SANPC in limbo.
The DA has been calling for the complete scrapping of this super SOE.