The Department of Mineral Resources and Energy (DMRE) has extended the timeframe for submissions of public comments on the draft South African National Petroleum Company (SANPC) Bill, published in government gazette number 49711, of November 13, to January 15, 2024.
The Bill, according to the DMRE, aims to establish the SANPC, ensure proper governance and to consolidate and transfer assets of the company in line with the relevant legislation, with the DMRE Minister – currently Gwede Mantashe – as the sole shareholder of the company.
The Bill, according to the DMRE, aims to establish the SANPC, ensure proper governance and to consolidate and transfer assets of the company in line with the relevant legislation, with the DMRE Minister – currently Gwede Mantashe – as the sole shareholder of the company.
