PetroSA

Central Energy Fund (CEF) is a fully state-owned company headquartered in South Africa. In 2021, its revenue was USD 0.94 billion. The CEF Group operates several wholly owned subsidiaries across the energy sector value chain namely: AEMFC, iGAS, PASA, PetroSA, and SFF. PetroSA, the largest subsidiary in the Group, is the company that was assessed in the previous 2021 ACT assessment, scoring 0.5E-. PetroSA operates in the oil and gas exploration and production sector. All of CEF’s upstream oil and gas activity is under PetroSA’s control, while a proportion of its midstream gas operations are controlled by iGAS. The AEMFC mines and supplies coal for the generation of electricity. It supplies over of 1.5 million tons of coal per year.