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Central Energy Fund not in Talks to Buy SASOL’S Petrol Stations Featured

MEDIA STATEMENT

Attention: News Editors and Journalists

Date: 26 May 2020

For Immediate Release

CENTRAL ENERGY FUND NOT IN TALKS TO BUY SASOL’S PETROL STATIONS

Johannesburg – The Central Energy Fund has noted with concern a daily newspaper media report titled: Central Energy Fund in talks to buy Sasol’s petrol stations” as malicious and bothering around sensational reporting.

 

At the recent portfolio committee meeting for Mineral Resources and Energy, the Chairperson of CEF, Dr Monde Mnyande informed the committee that the Group would be embarking on a campaign to drive, both domestic and foreign direct investments in the energy value chain geared to reignite the South African economy and create much-needed job opportunities.

Part of this campaign will be to take advantage of all available energy assets that are up for sale in the marketplace and are in need of strategic partnerships.

He further cited Sasol’s available assets, which are by now a public knowledge, and are up for sale as an example, which CEF Group would consider in line with its investment strategy.

At no stage, did the CEF Group Board nor its Chairperson; Dr Mnyande publicly announced that it is negotiating with Sasol to buy its petrol stations.

For more information, contact:

Jacky Mashapu

Corporate Affairs Manager

Cell: 071 485 6856

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Last modified on Thursday, 28 May 2020 09:17
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Vision and Mission

Vision
 To secure reliable and affordable diversified energy security solutions for the South African economy by 2030.


Mission
To provide and enable sustainable energy security solutions for South Africa in order to contribute to economic development and alleviate poverty in an environmentally responsible manner.

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CEF SOC Ltd. is involved in the search for appropriate energy solutions to meet the energy needs of South Africa, the Southern African Development Community and the sub-Saharan African region, including oil, gas, electrical power, solar energy, low-smoke fuels, biomass, wind and renewable energy sources.