Summary
Early in October 2024, the Cabinet approved submitting the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. The bill establishes the State Petroleum Company, as contemplated in section 34 of the UPRD Act, through a merger of PetroSA, the South African Gas Development Company (iGas), and the Strategic Fuel Fund (SFF).
View DetailsIs it working?
Not yet in effect.
Actions
The board has been announced by the minister of mineral resources and energy.
Are there plans?
Approved by Cabinet, the bill has been sent to parliament.
Is it on the agenda?
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Goals
To establish a state-owned petroleum company. The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act, and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa
Departments / Govt Institutions
Summary
Early in October 2024, the Cabinet approved submitting the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. The bill establishes the State Petroleum Company, as contemplated in section 34 of the UPRD Act, through a merger of PetroSA, the South African Gas Development Company (iGas) and the Strategic Fuel Fund (SFF). The company has been established and became opertional in 2025; however the bill is still before parliament and is not yet in effect.
View DetailsIs it working?
The company is operational ahead of the National Petroleum Company Bill being enacted -- it is still before Parliament.
Actions
The board has been announced by the minister of minerals and petroleum resources.
Are there plans?
Approved by Cabinet, the bill has been sent to parliament.
Is it on the agenda?
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Goals
To establish a state-owned petroleum company. The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa.
Departments / Govt Institutions
Summary
Early in October 2024, the Cabinet approved submitting the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. The bill establishes the State Petroleum Company, as contemplated in section 34 of the UPRD Act, through a merger of PetroSA, the South African Gas Development Company (iGas) and the Strategic Fuel Fund (SFF). The company has been established and became opertional in 2025; however the bill is still before parliament and is not yet in effect.
View DetailsIs it working?
The company is operational ahead of the National Petroleum Company Bill being enacted -- it is still before Parliament.
Actions
The board has been announced by the minister of minerals and petroleum resources.
Are there plans?
Approved by Cabinet, the bill has been sent to parliament.
Is it on the agenda?
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Goals
To establish a state-owned petroleum company. The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa.
Departments / Govt Institutions
Summary
Early in October 2024, the Cabinet approved submitting the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. The bill establishes the State Petroleum Company, as contemplated in section 34 of the UPRD Act, through a merger of PetroSA, the South African Gas Development Company (iGas) and the Strategic Fuel Fund (SFF). The company has been established and became operational in 2025; however the bill is still before parliament and is not yet in effect.
View DetailsIs it working?
The company is operational ahead of the National Petroleum Company Bill being enacted - it is still before Parliament.
Actions
The board has been announced by the minister of minerals and petroleum resources.Cabinet approved the bill for consideration by Parliament.The bill is being considered by the portfolio committee on minerals and petroleum resources before it will be formally introduced to Parliament.
Are there plans?
Approved by Cabinet, the bill has been sent to Parliament's portfolio committee on minerals and petroleum resources.
Is it on the agenda?
Cabinet approved the bill for tabling before Parliament in October 2024.Mineral Resources and Energy Minister Gwede Mantashe has since announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise. The SANPC has been operationalised but its bill must be finalised.
Goals
To establish a state-owned petroleum company. The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa.
Departments / Govt Institutions
Summary
The Bill aims to establish the SANPC, ensure proper governance as well as to consolidate and transfer assets of the company in line with the relevant legislation, with the Minister as the sole shareholder of the company.
View DetailsIs it working?
Not yet
Actions
The board has been announced by the minister of mineral resources and energy
Are there plans?
The operationalisation of the company
Is it on the agenda?
The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act, and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa
Goals
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the initial board of the South African National Petroleum enterprise (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Departments / Govt Institutions
Summary
The Bill aims to establish the SANPC, ensure proper governance as well as to consolidate and transfer assets of the company in line with the relevant legislation, with the minister as the sole shareholder of the company.
View DetailsIs it working?
Not yet in effect.
Actions
The board has been announced by the minister of mineral resources and energy.
Are there plans?
The operationalisation of the company.
Is it on the agenda?
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Goals
The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act, and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa
Departments / Govt Institutions
Summary
Early in October 2024, the Cabinet approved submitting the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. The bill establishes the State Petroleum Company, as contemplated in section 34 of the UPRD Act, through a merger of PetroSA, the South African Gas Development Company (iGas), and the Strategic Fuel Fund (SFF).
View DetailsIs it working?
Not yet in effect.
Actions
The board has been announced by the minister of mineral resources and energy.
Are there plans?
Approved by Cabinet, the bill has been sent to parliament.
Is it on the agenda?
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Goals
To establish a state-owned petroleum company. The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act, and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa
Departments / Govt Institutions
Summary
Early in October 2024, the Cabinet approved submitting the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. The bill establishes the State Petroleum Company, as contemplated in section 34 of the UPRD Act, through a merger of PetroSA, the South African Gas Development Company (iGas), and the Strategic Fuel Fund (SFF).
View DetailsIs it working?
Not yet in effect.
Actions
The board has been announced by the minister of mineral resources and energy.
Are there plans?
Approved by Cabinet, the bill has been sent to parliament.
Is it on the agenda?
The call for public comments closed on 15 January 2024. On 3 April 2024 Mineral Resources and Energy Minister Gwede Mantashe announced the inaugural board of the South African National Petroleum Company (SANPC), as well as Godfrey Moagi's appointment as interim CEO of the state-owned enterprise.
Goals
To establish a state-owned petroleum company. The SANPC will be the state's energy champion, facilitating energy infrastructure along the energy value chain. Its functions will include, but are not limited to, managing the state's exploration and production rights, interests acquired and exercised under the Upstream Petroleum Resources Development Act, and ensuring that petroleum resources are developed in a sustainable manner that benefits the people of South Africa
Departments / Govt Institutions
No data available for the deliverable: UPRDA
No data available for the deliverable: UPRDA
No data available for the deliverable: UPRDA
Summary
On 29 October 2024, the President assented to the Upstream Petroleum Rights Development (UPRD) Act. The implementation date is to be determined. Two separate licensing phases are each governed by ministerial notices, guarantee openness and flexibility by permitting a minimal work commitment and providing an open-door system for potential investors. Additionally, it demonstrates the government's commitment to balancing the public interest by maintaining a 20% carrying state interest in all petroleum rights and allowing holders to reclaim a sizeable amount of the state's share. Importantly, the requirement that at least 10% of petroleum rights be given to black people on commercial terms promotes equity and inclusivity in the sector. Draft regulations to support the implementation of the act are still to be published.
View DetailsIs it working?
Not yet in effect, regulations to support its implementation are to be finalised.
Actions
It is now an act of parliament with implementation date to be determined by the president. This will follow after regulations are published.
Are there plans?
Signed to an act, but it comes into effect on a date proclaimed by the president through another government gazette. UPRDA regulations, led by the Department of Minerals and Petroleum Resources, are now scheduled to be finalised by the end of the financial year, March 2026, director-general Jacob Mbele told the portfolio committee on minerals and petroleum resources in December 2025.
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Is it on the agenda?
Signed into law by President Cyril Ramaphosa on 29 October 2024.Regulations are to be finalised.
Goals
For the upstream petroleum industry to grow and thrive, the Upstream Petroleum Resources Development (UPRD) Act is an essential legislative foundation to be put in place. The act encourages a systematic approach to resource management by establishing a petroleum right that covers both the exploration and production stages, which in turn boosts confidence among investors.
References
Departments / Govt Institutions
No data available for the deliverable: UPRDA
No data available for the deliverable: UPRDA
No data available for the deliverable: UPRDA
No data available for the deliverable: UPRDA