Formed through the merger of PetroSA, iGas, and the Strategic Fuel Fund, the SANPC is part of government efforts to stabilise state-owned entities and boost the economy.

CEF Chair Ayanda Noah said the company was established to improve energy security and respond to global market risks.

“Geopolitical tensions can affect supply. This company is key to protecting our energy future,” she said.

--ChannelAfrica--