Energy minister, Mmamoloko Kubayi told Parliament's Energy Committee on Tuesday, that she plans on taking action over the sale of South Africa's oil reserves.
EWN reporter, Ilze-Mari le Roux says the minister also alluded to the possibility of laying criminal charges. Kubayi told the committee that they haven't yet followed the money trail of the sale of South Africa's oil reserves.
She did however says that the probe did show that a certain person may have benefited from the transaction.— Ilze-Mari le Roux, EWN reporter
Le Roux adds that the minister also intended to look into lodging a forensic investigation and couldn't reveal who the people involved may be for fear of contaminating the case.
The report was also presented by the Central Energy Fund. They gave some facts around the story, three companies were involved in this and happened between December and January 2016.— Ilze-Mari le Roux, EWN reporter
The Central Energy Fund claims only realised what going on in May when the funds reflected in its account. The investigation further showed a number of procedural laws and regulations that the Strategic Fuel Fund did not follow, says Le Roux.
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