Petroleum, Oil and Gas Corporation of South Africa (PetroSA)

Contact Details

Physical: 151 Frans Conradie Drive, Parow, Cape Town
Postal: Private Bag X5, Parow, 7499
Tel: 021 929 3000
Fax: 021 929 3144
Web:

Overview

The mission of the Petroleum, Oil and Gas Corporation of South Africa SOC Ltd (PetroSA) is to be the leading provider of hydrocarbons and related quality products by leveraging its proven technologies and harnessing its human capital for the benefit of its stakeholders.

The core strategic function of PetroSA is to make it possible for the government of South Africa to: improve the supply of fuel, oil and gas to the country; mitigate the impact of oil price variations and foreign currency fluctuations; drive transformation initiatives in the South African oil, gas, fuel and petrochemical value chain; champion, support and entrench the growth of Black Economic Empowerment (BEE) in the sector; manage the contingency crude oil reserves and the strategic petroleum assets of the government; access upstream petroleum assets for the benefit of the citizens of South Africa; and competitively operate PetroSA in a sustainable commercial manner.

Office Bearers/Management

Chief Executive Officer
Mr S Mthethwa

Chairperson:
n/a
Board Members:
Mr William Solomon Steenkamp
Mr Owen Cedric Tobias
Chief Executive Officer:
Mr Siphamandla Mthethwa (Acting)
Chief Financial Officer:
Mr Webster Fanadzo (Acting)
Senior Management:
Mr Joern EP Falbe (Vice President: New Ventures – Midstream)
Ms Zama Radebe-Luthuli (Vice President: Corporate Affairs and Shared Services)
Ms Baxolile J Zwane (Acting Vice President: Trade Supply and Logistics – TS&L)
Communications Officers:
Ms Thabo Mabaso (Group Communications Manager)

Financial Information

All Financial Values: R'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assetsn/a7 856 8989 675 11613 714 272
Non-Current Assetsn/a13 063 25510 155 64020 343 318
Total Assetsn/a20 920 15319 830 75634 057 590
Current Liabilitiesn/a3 110 2924 201 3735 668 441
Non-Current Liabilitiesn/a13 673 65911 492 4179 916 751
Total Liabilitiesn/a16 783 95115 693 79015 585 192
Total Net Assetsn/a4 136 2024 136 96618 472 398
 
FINANCIAL PERFORMANCE
Total Revenuen/a16 614 11519 731 54422 953 449
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expendituren/a(16 614 879)(34 066 976)(24 459 612)
Employee Costsn/a(994 144)(1 003 286)n/a
Surplus/(Deficit) for Yearn/a(764)(14 335 432)(1 506 163)
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a2 502 8893 900 1362 615 261
Net Cash Flows from Investing Activitiesn/a(3 688 367)(4 220 990)(4 636 749)
Cash & Cash Equivalents at End of Yearn/a3 272 3824 049 7875 132 248
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a51116 9371 589 118
Fruitless & Wasteful Expendituren/a5001 8936 013
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/an/an/an/a
 
Sources n/a Annual ReportAnnual ReportAnnual Report

Overseeing Department/Entity

Annual Reports


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