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
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The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
John Maytham interviews EWN’s Barry Bateman about the allegations against the Acting National Police Commissioner.
Capetonians are accustomed to seeing whales playing along the coast, but it is very rare to hear of orcas in the Langebaan Lagoon.
The latest figures show dam levels at 36.8%, which means they could run almost empty by the time 2017 the winter rains come.
Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.
Cape Town residents are concerned that residents might be wasting water and lying about having boreholes by using fake signs.
Chuma spends her days making art and her nights on a bench in The Company's Garden in Cape Town where she displays her artwork.