Mantashe hails competition approval of CEF’s Sapref acquisition

Mineral and Energy Resources Minister Gwede Mantashe has welcomed the Competition Commission’s approval of the Central Energy Fund’s (CEF's) application to acquire the South African Petroleum Refineries (Sapref) refinery. This approval follows the completion of the sale purchase agreement between bp Southern Africa (bpSA) and Shell Downstream South Africa (SDSA), transferring assets located at the Sapref precinct to the State-owned CEF.