Minister brushes off gossip over R5bn oil sale | Fin24
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Minister brushes off gossip over R5bn oil sale

Sep 07 2016 16:39
Liesl Peyper

Cape Town - Minister of Energy Tina Joemat-Pettersson was not prepared to “entertain gossip and assertions cast on individuals” with regard to the sale of South Africa’s stock fuel held by the Strategic Fuel Fund.

She was responding to questions from opposition MPs in parliament on Wednesday, following the alleged unlawful sale of R5bn worth of fuel stocks this year.

Read: #Oilgate in a nutshell: 7 quick facts on SA oil sale scandal

Joemat-Pettersson said the authorisation of the sale was done with certain conditions, among others that any rotation of fuel stock would be undertaken with ministerial approval and due diligence by the Strategic Fuel Fund.

“I provided all the details and documents to Treasury and the Auditor General to review all the transactions to see if there had been lapses or irregular actions. I implore members who have information to come forward with any information.”

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