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'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assets7 856 8989 675 11613 714 27216 367 213
Non-Current Assets13 063 25510 155 64020 343 31819 361 695
Total Assets20 920 15319 830 75634 057 59035 728 908
Current Liabilities3 110 2924 201 3735 668 4415 735 492
Non-Current Liabilities13 673 65911 492 4179 916 75110 014 855
Total Liabilities16 783 95115 693 79015 585 19215 750 347
Total Net Assets4 136 2024 136 96618 472 39819 978 561
 
FINANCIAL PERFORMANCE
Total Revenue16 614 11519 731 54422 953 44920 066 903
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expenditure(16 614 879)(34 066 976)(24 459 612)(19 454 754)
Employee Costs(994 144)(1 003 286)n/an/a
Surplus/(Deficit) for Year(764)(14 335 432)(1 506 163)612 149
 
CASH FLOW
Net Cash Flows from Operating Activities2 502 8893 900 1362 615 2613 746 315
Net Cash Flows from Investing Activities(3 688 367)(4 220 990)(4 636 749)(9 634 391)
Cash & Cash Equivalents at End of Year3 272 3824 049 7875 132 2487 442 483
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure51116 9371 589 118-
Fruitless & Wasteful Expenditure5001 8936 013-
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/an/an/an/a
 
SourcesAnnual ReportAnnual ReportAnnual ReportAnnual Report

Overseeing Department/Entity

Annual Reports


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