Parliament has confirmed the establishment of the SA National Petroleum Company (SANPC), a new state-owned entity formed through the strategic consolidation of PetroSA, iGas and the Strategic Fuel Fund.
The announcement, made during Monday’s economic cluster media briefing by portfolio committee chair Mikateko Mahlaule, marks a step in the rationalisation of SA’s energy governance framework.
SANPC, launched in May 2025, now operates under the Central Energy Fund (CEF) Group, which also oversees the African Exploration Mining and Finance Corporation and Petroleum Agency SA.
The move follows a cabinet directive aimed at streamlining state-owned entities and enhancing operational coherence across the petroleum value chain.
“Our portfolio and the country at large has a brand-new state-owned company,” Mahlaule said, describing the development as a structural intervention aligned with the committee’s oversight mandate.
The announcement coincides with Parliament’s adoption of the department of mineral and petroleum resources’ R2.86bnbudget for the 2025/26 financial year. Of this, R1.16bn — more than 40% — was allocated to transfers and subsidies for SOEs.
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