The Portfolio Committee on Mineral Resources and Energy was briefed by the Department of Mineral Resources and Energy on the merger of iGas, PetroSA and Strategic Fuel Fund (SFF), also received an update on the forensic reports from the Central Energy Fund (CEF) group of companies, SFF, PetroSA and African Exploration Mining and Finance Corporation, as well as update on the Project Ikhwezi.
The iGas, PetroSA and SFF are subsidiaries of the CEF group which is a state-owned company, and their merger is effective from 1 April 2021. The new entity that will emerge out of the merger will be called the South African National Petroleum Company.
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