MOSSEL BAY NEWS - PetroSA's Mossel Bay Gas-to-Liquids (GTL) refinery may be seized by the South African Revenue Service (Sars) should the company be unable to pay off its R4.5b tax debt.
On 2 December, the Parliament's Portfolio Committee on Mineral and Petroleum Resources heard from PetroSA executives that Sars representatives had visited the refinery on 25 November to discuss plans for it to honour its debt.
The briefing was live-streamed on the Parliament of the Republic of South Africa's YouTube channel.
A letter from Sars was sent to PetroSA following the visit, stating that in absence of payment, Sars would attach the refinery to recover the amount.
Nombulelo Tyandela, PetroSA's CFO, said the refinery’s book value is at is R340m, an amount that falls far below the R4.5b owed to Sars.
The portfolio heard that the amount owed to Sars comes from the clearing and movement of product when it is sold in Mossel Bay. PetroSA said while it has declared this, the payments have not gone through.
PetroSA added that about 70% of its operating cost is dedicated to the care and maintenance of assets that are currently not operating. She added that above and beyond the R4.5b owed to Sars, PetroSA also owes some of its product suppliers.
The committee also heard that the company's liabilities totalled R20b.
The footage of the entire briefing, which is just over 10 hours long, can be viewed here: Portfolio Committee on Mineral and Petroleum Resources, 2 December 2025
.Tyandela begins speaking at the 07:45:00 mark.
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