The Sapref oil refinery has been non-operational since 2022. The government’s Central Energy Fund is planning to revive and potentially expand the refinery by partnering with private and other entities.
Sesakho Magadla, CEF’s transaction lead, emphasized the importance of an inclusive approach, aiming for a public-private partnership with a majority South African ownership. This strategy seeks to combine the efficiency of the private sector with government support to enhance bilateral relations and operational effectiveness.
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