# The DA says the failed launch of the South African National Petroleum Company has serious implications for the three merging state-owned entities PetroSA, iGAS and the Strategic Fuel Fund. The company was set to be launched on Tuesday with over 400 employees from these three SOEs set to be transferred to SANPC. The DA says this failure to launch should be a clear sign to the Department of Mineral and Petroleum Resources, that the pursuit of a national petroleum company with the history of SOEs in South Africa is ill-advised.
DA says the failed launch of the National Petroleum Company sparks uncertainty for SOEs