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Energy is a key driver of Africa’s economy and CEF’s vision is to be the leader in Africa in energy.

Mission of CEF

To manage specific energy interests for the South African government and to act as a catalyst for the development of appropriate new energy entities.

To actively pursue commercially viable opportunities in oil, gas, coal and renewable energy.

Supporting values

In all the dealings with persons and entities and in its business relationships, CEF and the staff of CEF support the values of:

High standards of environmental awareness and responsibility: It is CEF's policy to conduct all its activities in such a way as to take account of the health and safety of all persons and to give due regard to the conservation of the environment

Business integrity: CEF and the staff of CEF conduct their business dealings in a cost effective manner, with dedication, always protecting the interests of the company, fostering the good name of CEF, with high ethical values and standards

Respect for people and organisations: The organisation and its staff aims to be fair and considerate in their treatment of fellow employees by cultivating healthy business relationships while scrupulously avoiding conflicts of interest and being co-operative and constructive in all that they do.

Communication with employees: CEF subscribes to the concept of openness, fairness, relevance and promptness in communications. CEF also believes that the best interests of the company should be considered when applying the concept of openness, as disclosures may not be appropriate in all circumstances and in certain instances these may be in conflict with legal or regulatory requirements.

Employee participation: CEF believes in establishing participative structures at various levels for handling issues, which affect employees directly and materially. These structures are intended to seek consensus on such matters and this is facilitated by an established employee forum.

Consultation with employees: The transparent sharing of relevant information, identification and resolution of conflict can also enhance good employee relations. There must also be consultation about decisions that materially and directly affect employees, except were this is prohibited by law or regulation of if doing so would adversely affect the well being of CEF.

Shareholder reporting: CEF will report honestly, accurately, appropriately and timeously to the Board and shareholders on the performance and prospects of the company.

Operating principles:

All commercial activities shall be performed in accordance with the highest ethical standards.

Selection of supplier and placing of business shall be carried out in accordance with the best interests of CEF, in compliance with applicable policies and without favour to specific suppliers or contractors.

The judgments and actions of all should be in the best interests of CEF and unbiased by motives of personal gain or prejudice.

Compliance with the laws of the country in all commercial activities.