CEF (SOC) Ltd is the holding company for a number of subsidiaries and associates that operate across the entire energy-sector value chain to contribute to security of energy supply for South Africa. This noble responsibility is at the core of our business operations and defines our existence as we execute our mandate, which flows from the Central Energy Fund Act, No 38 of 1977 (CEF Act) and successive ministerial directives. CEF Group employs a total of 1976 employees across its value chain.
The core entities that make up the Group are the South Africa’s National Oil Company (PetroSA), Petroleum Agency SA (PASA), South African Gas Development Company (iGas), African Exploration Mining and Finance Corporation (AEMFC), Strategic Fuel Fund (SFF) and the Energy Projects Division (EPD). The CEF Group is a Schedule 2 State Owned Company, incorporated in terms of the Companies Act, No 71 of 2008, and is governed by the Central Energy Fund Act, No 38 of 1977.
The strategic relevance of the Group lies in the execution of its mandate in support of the broader objectives of the NDP through various strategic initiatives geared to national security of energy supply. CEF Group through its various initiatives contributes significantly into the South African economy.