The whole offer is very strange.— Carol Paton, Business Day
The Strategic Fuel Fund (SFF) - Government’s keeper of strategic fuel stocks - on Wednesday announced that it has offered to buy Chevron South Africa’s assets.
These assets include 845 Caltex petrol stations, its refinery in Cape Town and its Durban lubricants factory.
On Thursday Energy Minister Tina Joemat-Pettersson said the SFF didn’t consult her regarding its resolution to bid for Chevron South Africa’s assets.
According to Joemat-Pettersson, this is a major governance breach and illegal.
The Money Show’s Bruce Whitfield interviewed famed Business Day journalist Carol Paten.
Scroll down for quotes from the audio below.
Perhaps they think that by being bold and audacious they’ll force the hand of the Minister.— Carol Paton, Business Day
In December they sold oil stocks without permission and nothing happened!— Carol Paton, Business Day
These are complex businesses. You need the discipline of shareholders and competition to keep on the straight and narrow.— Carol Paton, Business Day
Recommendedby NEWSROOM AI
Get a free credit report, then follow these five tips and see by how much you can improve your credit record.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.
Smuggled out of Germany in the 1930s, then forgotten in Joburg. Bruce Whitfield interviews fine art specialist Luke Crossley.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
In the first episode of Solutionist Thinking with RMB, Bruce Whitfield speaks with author, businessman and trailblazer Reuel Khoza.
With only five teams in the World Cup, Africa's performance hasn't exactly been memorable, so what could be the problem?
A CapeTalk listener shares the story of a young man who saved a family of five from a burning house.
Reverend Solomuzi Mabuza says he is considering laying charges against the woman for calling him a ka***r.
Freedom Under Law is demanding an explanation from the NPA after Jiba was spotted at their offices, defying a court order.
The concept is not new, or a hipster fad. The Money Show’s Bruce Whitfield interviews Nude Foods founder Paul Rubin.
State-owned (but not managed) Ethiopian Airlines is profitable. Bruce Whitfield interviews Africa correspondent Lee Kasumba.
On Tuesday, SuperSport released the findings of an investigation by Advocate Vincent Maleka.
Employment law litigator Joe Mothibi explains that an annual increase is not a given unless stated otherwise in the job contract.
On Tuesday SuperSport and Multichoice's said there was no evidence of racism following an investigation into the incident in May.
AfriForum's Kallie Kriel says Jiba abused her position to fabricate a case against former KZN Hawks head General Johan Booysen.