The Strategic Fuel Fund Association (SFF), a subsidiary of the Central Energy Fund (CEF), prudently manages the country’s strategic crude oil stockpile as well as the commercialisation of its substantial crude oil storage facilities in the Western Cape. We also ensure environmental protection against oil pollution.

The SFF is committed to creating sustainability through operating efficiently and collaborating with strategic partners in exploring new opportunities, as well as by leveraging agile and empowered people operating responsibly in a compliant manner.

Since 1964, we have managed to generate net income for the country, and over the last few years have been able to finance the operating costs of maintaining South Africa's strategic oil reserves at no cost to the State.

About

SFF TIMELINE
1964
The Strategic Fuel Fund Association (SFF) is established as a as a Section 21 company.
The first crude oil ever owned by the SFF is stored in its Milnerton tanks.
1967
1975
A levy on fuel payable into the Central Energy Fund is introduced and managed by CEF (SOC) Ltd. A portion is paid to SFF.
Construction of the Saldanha tank farm begins.
1976
1978
Oil sanctions are imposed against South Africa by the United Nations.
The world suffers the second major international oil crisis. At the same time, procurement of crude oil by SFF on behalf of the oil companies begins and the first Saldanha oil tank is completed.
1980
1982
The entire Saldanha tanks farm project is completed.
The fuel levy is discontinued and the strategic crude oil stock reaches its peak of 158,5 million barrels. (This would have kept South Africa going for a year and a half at the rate of consumption prevailing at the time.)
1988
1990
The SFF enters the oil trading business, thereby not only making itself self-funding but also contributing to State coffers. The company also begins phasing out its procurement of crude oil for the country’s oil companies.
Sanctions are lifted and international crude oil trade with South Africa is normalised, changing the role and activities of SFF profoundly.
1993
SFF TIMELINE
1964
The Strategic Fuel Fund Association (SFF) is established as a as a Section 21 company.
1967
The first crude oil ever owned by the SFF is stored in its Milnerton tanks.
1975
A levy on fuel payable into the Central Energy Fund is introduced and managed by CEF (SOC) Ltd. A portion is paid to SFF.
1976
Construction of the Saldanha tank farm begins.
1978
Oil sanctions are imposed against South Africa by the United Nations.
1980
The world suffers the second major international oil crisis. At the same time, procurement of crude oil by SFF on behalf of the oil companies begins and the first Saldanha oil tank is completed.
1982
The entire Saldanha tanks farm project is completed.
1988
The fuel levy is discontinued and the strategic crude oil stock reaches its peak of 158,5 million barrels. (This would have kept South Africa going for a year and a half at the rate of consumption prevailing at the time.)
1990
The SFF enters the oil trading business, thereby not only making itself self-funding but also contributing to State coffers. The company also begins phasing out its procurement of crude oil for the country’s oil companies.
1993
Sanctions are lifted and international crude oil trade with South Africa is normalised, changing the role and activities of SFF profoundly.