JOHANNESBURG-The South African National Petroleum Company (SANPC) is pleased to
announce the successful completion of the first phase of employee transfers, welcoming 402 team
members from the Central Energy Fund’s subsidiary companies: iGas, PetroSA, and the Strategic
Fuel Fund (SFF). This achievement marks a significant and historic leap forward in the
operationalisation of the SANPC as a South African Energy Champion.

As we consolidate our internal resources and expertise to power South Africa’s energy future and
support key government priorities, the SANPC will be at the centre of the country’s re-industrialization
drive. Through planned infrastructure programmes, the SANPC is geared to create meaningful jobs
and future opportunities for all South Africans, said Chief Executive, Mr. Godfrey Moagi.

These developments are part of both short- and long-term initiatives under CEF Group Adaptive
Strategy and Scaling Up for Growth Strategic Horizon. This approach is rooted in value creation,
operational excellence, and portfolio diversification.

“We remain focused on the swift and practical implementation of solutions to turn around ring-fenced
assets and operations. These will be progressively transferred to the SANPC once all commercial
and legal requirements have been resolved, added Moagi.

The emergence of this rising South African Energy champion will be the beacon of hope not only to
South Africa but to the region, as well. This will be a legacy that will transcend all the man-made
borders to impact lives of ordinary lives in its quest to Power our Tomorrow

About SANPC

The South African National Petroleum Company (SANPC) is the newly established State-Owned
Company. This company was formed after the merger of three of the Central Energy Fund (CEF)
subsidiaries, iGas, PetroSA and Strategic Fuel Fund.

It is poised to become a leading player in South Africa’s energy sector, ensuring energy security,
driving modern technologies, developing, and enabling essential infrastructure, fostering strategic
partnerships, and propelling social and economic development.

The SANPC is also expected to oversee strategic planning, coordination, and governance of the
country’s petroleum resources, contributing to the country’s sustainable development and economic
growth.

For more information, please contact:

Jacky Mashapu
Executive: Communications
South African National Petroleum Company (SANPC)
Mobile: 081 011 7528
Email: jacky.mashapu@sa-npc.co.za