Energy minister may lay criminal charges over sale of SA's oil reserves

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.

Read: Opinion: Tina Joemat-Pettersson must account for lying in Parliament

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.

Listen to the audio below:


This article first appeared on 702 : Energy minister may lay criminal charges over sale of SA's oil reserves


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Energy Minister Kubayi confirms PFMA violation in fuel reserve sale

Energy Minister Kubayi confirms PFMA violation in fuel reserve sale

Kubayi spoke to 702's Karima Brown about the controversial sale of South Africa’s strategic oil stock.

New Energy Minister to probe unauthorised sale of strategic fuel stock

New Energy Minister to probe unauthorised sale of strategic fuel stock

Minister Mmamoloko Kubayi spoke about the sale of SA's strategic fuel stock without the sign off from National Treasury, and more.

Why SA no longer has strategic oil reserves

Why SA no longer has strategic oil reserves

John Maytham spoke to Business Day’s Carol Paton after new energy minister admitted selling off the country's oil reserves.

Energy minister gets the nod (for now) from DA shadow minister

Energy minister gets the nod (for now) from DA shadow minister

New Energy Minister Mmamoloko Kubayi has committed to fixing errors of her predecessor.

Opinion: Tina Joemat-Pettersson must account for lying in Parliament

Opinion: Tina Joemat-Pettersson must account for lying in Parliament

Energy Minister Mmamoloko Kubayi told Parly that SA sold much of its strategic fuel stock in 2016‚ contradicting her predecessor.

High Court rules SA nuclear deal unlawful and unconstitutional

High Court rules SA nuclear deal unlawful and unconstitutional

Earthlife Africa, which brought the case, says the judgment vindicates its argument that the process government has followed was unlawful.

'It's totally possible that more ANC MPs will resign'

'It's totally possible that more ANC MPs will resign'

Will more MPs join the exodus from the African National Congress’ caucus? Maybe, says EWN's Parliamentary correspondent Gaye Davis.

Iconic Cape children's hospital reveals R46m modern, warm look

Iconic Cape children's hospital reveals R46m modern, warm look

The 81-year-old St Joseph’s Hospital is now more modern and has less of a dark "institutional" feel thanks to a generous donor.

Popular articles
Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Get ready for another round of load shedding as Eskom workers shut down power

Get ready for another round of load shedding as Eskom workers shut down power

Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.