Warning about imminent energy crisis in S Africa
The Portfolio Committee on Mineral Resources and Energy has warned of an imminent energy crisis in South Africa if nothing is done, as a matter of urgency, to turn things around.
This followed the Central Energy Fund’s (CEF’s) briefing of the committee last month on the crisis facing national oil company PetroSA with regard to the expected depletion of indigenous feedstock by 2020.
Committee chairperson Sahlulele Luzipo said he was “concerned about the fact that a multilayered board could be responsible for slow decision-making”, which he noted was “not a sustainable business practice” in a competitive environment.
It is against this backdrop that the committee strongly believes that PetroSA should be empowered to become a strategic standalone oil and gas company.
Another issue of great concern to the committee with regard to the CEF and its subsidiaries, as well as other entities under the Department of Mineral Resources and Energy, is that many senior officials continue to occupy their positions in an acting capacity.
“This is dangerous for the country because there is [a limit] to which a person in an acting capacity can take decisive decisions,” Luzipho said, noting this was also costly.
The committee plans to convene an urgent meeting with the CEF within the next two weeks to discuss a number of issues, including access to market, a turnaround strategy, the strategic nature of some entities, legislative alignment and collaborations.
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