For more financial news, go to the News24 Business front page. State-owned oil company, PetroSA has announced that its CEO, Xolile Sizani, has been suspended. In a statement on Thursday, it said that ...

PetroSA has suspended its CEO, Xolile Sizani, eight months after his appointment, pending an investigation. The embattled state-owned entity (SOE) made the announcement on Thursday. PetroSA did ...

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As a state-owned enterprise created to play a strategic role in the oil and gas industry, PetroSA’s success or failure has ...

The Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed Mmete Fusi as acting group CEO, effective immediately. The entity highlights that Fusi has vast leadership experience ...

The corruption-plagued state-owned oil company PetroSA on Thursday appointed Mmete Fusi as its acting chief executive. PetroSA said in a statement that Xolile Sizani had been “recused from ...

Government-owned petroleum and gas companies are in the process of being merged under the new company while the legislative process is still underway in parliament.

Ghana's crude oil production rose by 10.7% in early 2024, marking the first increase after five years of decline.

Crude oil production in Ghana, Africa's leading gold producer, began in 2010, but output fell to a five-year low in 2023 due ...

On 21 October 2024, the draft Petroleum Products Bill (Bill) was published in the Government Gazette in South Africa. The ...

SIU spokesperson, Kaizer Kganyago, said the interviews included top executives from Eskom, Transnet, PetroSA, SAA and the Department of Human Settlements. "The state institutions and the ...