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Central Energy Fund

The Central Energy Fund is a South African state-owned energy company that operates as a holding entity for strategic national energy assets and subsidiaries. Established under the Central Energy Fund Act of 1977, it functions under the oversight of the Department of Mineral Resources and Energy. The organisation's mandate centres on promoting South Africa's energy security through investment in petroleum, gas and renewable energy projects, as well as managing the country's strategic fuel reserves. The fund holds equity stakes in several key energy entities, including the Strategic Fuel Fund, PetroSA (the national oil and gas company), iGas (focused on gas infrastructure and distribution), and the Petroleum Oil and Gas Corporation of South Africa. Through these subsidiaries, the Central Energy Fund participates across the energy value chain, from exploration and production to storage and distribution. The organisation plays a significant role in advancing South Africa's energy independence and supporting the development of domestic energy resources. It also contributes to broad-based black economic empowerment initiatives within the energy sector. The fund's activities align with national energy policy objectives, including the diversification of energy sources and the promotion of gas as a transition fuel. Its strategic importance has grown alongside South Africa's efforts to address energy security challenges and transition towards a more sustainable energy mix.

Central Energy Fund Updates


South Africa's diesel prices are expected to rise further
South Africa's diesel prices are expected to rise further
24th April 2026 By: Creamer Media Reporter

South Africa’s diesel price is set for another painful increase in May, driven by the ongoing US-Israel war against Iran and its knock-on effect on global oil markets. 


When the fuel price becomes a strategy problem
When the fuel price becomes a strategy problem
21st April 2026

South African industry has long treated diesel as a cost of doing business. That calculation has now changed. From 1 April 2026, diesel prices increased by between R7,37 and R7,51 per litre, among... 


Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources
Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources
17th April 2026 By: Terence Creamer

The Department of Mineral and Petroleum Resources (DMPR), which is now preparing for a prolonged period of fuel supply and pricing pressure as a result of the damage to energy infrastructure during... 


Fuel pumps
Organisations welcome fuel price relief but call for further measures
31st March 2026 By: Creamer Media Reporter

Agriculture representative bodies AgriSA and Agbiz have welcomed the announcement by Finance Minister Enoch Godongwana and Mineral and Petroleum Resources Minister Gwede Mantashe of a R3-a-litre... 


Diesel disruptions and early hikes point to possible gap in pricing framework
Diesel disruptions and early hikes point to possible gap in pricing framework
25th March 2026 By: Terence Creamer

Government and the liquid fuels industry insist that recent disruptions to diesel supply in parts of South Africa are not related to a physical shortage of the fuel in the country. However, the... 


Image of LPG storage tanks
Island View Precinct liquefied petroleum gas terminal, South Africa
27th February 2026 By: Sheila Barradas

State-owned freight and logistics company Transnet National Ports Authority signed a 25-year terminal operator agreement with the WASAA Gases and Central Energy Fund Joint Venture in December 2025... 


An image of members of the JV at the signing ceremony
TNPA signs 25-year LPG Durban port terminal deal
30th January 2026

State-owned port authority Transnet National Ports Authority (TNPA) signed a 25-year Terminal Operator Agreement with petroleum and petrochemical company WASAA Gases (WASAA) and the Central Energy... 


WASAA founder and MD Nokwanele Qonde
25-year deal signed for new Port of Durban LPG terminal
12th December 2025 By: Terence Creamer

A 25-year terminal operator agreement to develop and operate a new R1.4-billion liquefied petroleum gas (LPG) terminal at the Port of Durban’s Island View precinct has been concluded. The deal was... 


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