| Strategic Fuel Fund |
Postal address Sandton
Street address
Telephone
Fax The Strategic Fuel Fund Association (SFF), is a Section 21 company and a subsidiary of CEF. It manages South Africa’s strategic inventory of crude oil on behalf of the State. SFF holds strategic stocks of about 10.5-million barrels of crude oil. It manages the storage facilities in the Western Cape at Milnerton, outside Cape Town, and at Saldanha Bay. It also owns sizeable coal deposits near Johannesburg. The strategic stocks of crude oil and the land and buildings used to hold the stock are the property of the State. SFF has acted as the agent of the State in managing these assets under the guidance of ministerial directives issued by the Minister of Minerals and Energy in terms of the CEF Act. On 1 October 2002, in response to a ministerial directive, SFF entered into a sub-agency agreement with PetroSA, in which the management of strategic stocks is carried out by PetroSA. PetroSA manages the remaining functions of SFF as well, excluding pollution prevention and control, which is managed by OPCSA. |
