Reatile Energy (“Reatile”), a 100% owned subsidiary of Reatile Group, today announced that it has increased its stake in CNG Holdings (“CNG”) to 61.36%, further cementing its commitment to advancing the role of natural gas in South Africa’s energy mix. This acquisition builds on Reatile’s initial 25.01% stake, which it acquired in 2014.
The new ownership structure, which includes the Industrial Development Corporation (IDC) retaining the remaining shares, underscores Reatile’s long-term strategy to enhance energy security and sustainability through the use of natural gas. The partnership aligns with Reatile’s ongoing efforts to support South Africa’s transition to cleaner energy sources while ensuring reliable access to affordable power. With an emphasis on safety, efficiency, and sustainability, Reatile and CNG arepoised to play a key role in shaping the future of South Africa’s energy landscape.
“This acquisition is a significant milestone for Reatile and aligns with our long-term vision to increase our natural gas footprint in South Africa,” said Simphiwe Mehlomakulu, Chairman of Reatile Group. “Natural gas plays a crucial role in the country’s energy mix, offering a practical solution to reduce emissions while ensuring energy security. By further integrating CNG into the Reatile family, we are not only strengthening our position in the market but also reaffirming our belief that natural gas is a key driver for a sustainable energy future for our customers and broader community.”
CNG, a renowned provider of compressed natural gas (CNG), has been a pioneer in promoting the use compressed natural gas. By joining forces with Reatile, CNG is poised to expand its reach and accelerate its growth trajectory. As part of the new agreement, CNG will align with Reatile’s governance structures, ensuring a seamless integration and operational efficiency across all operations.
“We are excited to welcome Reatile Energy as the majority shareholder of CNG,” said Josua le Roux, CEO of CNG Holdings. “This strategic partnership will significantly enhance our ability to scale our operations. As we integrate closely with Reatile, we remain focused on our commitment to safety, environmental responsibility, and customer satisfaction.”
