Central Energy Fund hands over leased assests
The South African National Petroleum Company says it will focus on stabilising the organisation, as it charts its way into becoming a national energy champion.
SANPC is a newly established state-owned entity in South Africa formed by merging three entities: iGas, PetroSA, and the Strategic Fuel Fund.
Its primary goal is to enhance energy security and reduce reliance on imported petroleum products.
The Central Energy Fund held a media briefing earlier today to hand over assets and funding to operationalise SANPC.
SABC News Economics Reporter Liabo Setho is there.
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