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
Bruce Whitfield asks branding and advertising expert Andy Rice to critique the week’s advertising “heroes” and “zeroes”.
The Money Show’s Bruce Whitfield interviews Luno Country Manager Marius Reitz.
The Money Show’s Bruce Whitfield interviews Zodwa Velleman, CEO at the Vapour Product Association of South Africa.
The Money Show's Bruce Whitfield interviews Africa correspondent Lee Kasumba
Bruce Whitfield interviews Manser about his attitude toward money (hopes and fears, successes and failures, etc.).
Bruce Whitfield interviews Dr Adrian Saville (Gordon Institute of Business Science) and Rand Merchant Bank Strategist John Cairns.
Marianne Thamm wrote the forward to 'The Lost Boys of Bird Island' and worked with Mark Minnie in editing the controversial book.
Khabazela shares Facebook posts, YouTube videos that have gone viral including one with the smartest dogs.
Former NDPP Mxolisi Nxasana says he didn't know the payout he received was a golden handshake.
Indian writer Arundhati Roy shares profound insights about her literary life and what inspires her to put pen on paper.
MD at World Wide Worx Arthur Goldstuck explains how your phone may record your voice conversations.
Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.
The Money Show’s Bruce Whitfield interviews Dlala Nje founders Nickolaus Bauer and Michal Luptak.
Juan Sanchez shares stories of Fidel Castro that’ll make you re-examine everything you thought you knew about the Cuban dictator.