Use your fuel rewards and cut travel costs
Several of South Africa’s major banks offer rewards schemes that enable their customers to earn back some of their spending on fuel every month.
Central Energy Fund
PetroSA pressured to provide information on potential job losses
A union asked mediators to force PetroSA to provide information on proposals that may result in 40% of its employees losing their jobs, writes Bloomberg.
Central Energy Fund, Sasol deny asset sale talks
Fuel and chemical maker Sasol is not divesting its downstream fuel retail business as part of its ongoing asset disposal process.
SAA June take-off confusion; Covid-19 hammers Absa, Netcare; PetroSA circles Sasol; diesel rations; Distell
SAA is set to take off again. It aims to resume domestic flights between Johannesburg and Cape Town from mid-June.
State-owned Central Energy Fund looks to buy Sasol assets
South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol.
Jeff Radebe removes Central Energy Fund chairman Luvo Makasi; cites serious allegations
South Africa’s Energy Minister Jeff Radebe removed Luvo Makasi as chairman of the nation’s Central Energy Fund, citing “serious allegations.”
South Africa should ‘freeze or cut’ fuel levy – ANC
South Africa should “seriously consider” freezing or decreasing its fuel levy to reduce the impact on consumers of record-high gasoline prices, the ruling African National Congress said.
Legal spat looms: SA govt in bid to ‘nullify’ strategic oil sale contracts
South Africa plans to engage with traders who acquired strategic oil reserves two years ago, even as it prepares legal action to try to cancel the deal.
Heads of SA Strategic Fuel Fund quit following unauthorised bid for Chevron’s assets
The heads of the Strategic Fuel Fund resigned on Friday, a day after the DoE said it will investigate its unauthorised bid to buy Chevron’s assets in the country.
SA faces R40bn bill on urgently needed upgrades to its six crude refineries
The cost to upgrade South Africa’s six crude refineries to produce lower-sulphur fuel will be about 40 billion rand ($2.7 billion) and this still may not be sufficient to supply the domestic market.