CEF faces probing questions from lawmakers on plan to revive refineries

The Central Energy Fund (CEF) group of companies faced sceptical questioning this week from lawmakers over plans to revive the Sapref refinery in Durban and PetroSA’s gas-to-liquids (GTL) refinery in Mossel Bay. During a marathon session of the Portfolio Committee on Mineral and Petroleum Resources held to deliberate on CEF’s delayed 2024/25 annual report, CEF chairperson Ayanda Noah stressed the importance of the two refineries to the future of the group, as well as the recently formed South African National Petroleum Company (SANPC).
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UK in talks to extend $1bn debt guarantee South Africa has failed to use

The UK may extend a $1-billion debt guarantee to help South Africa with its transition to a greener economy as it nears expiry without having been used. The guarantee was approved in late 2023 and is scheduled to expire at the end of the year, even as South Africa negotiates with the African Development Bank (AfDB) over a $400-million loan for municipal energy and water services, to be guaranteed under that arrangement.
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