South Africa: DA Calls for Criminal Inquiry After R5 Billion Sale of SA’s Strategic Fuel Reserves

As the oil price on Thursday clawed back up past the symbolic $50 a barrel for the first time since October 2015, news that Minister of Energy Tina Joemat-Pettersson and Central Energy Fund CEO Sibusiso Gamede have flogged around 10 million barrels of South Africa's strategic fuel reserves at the bargain-basement price of around $28 a barrel, in a closed tender process and without informing Treasury, has set off alarm bells. The Democratic Alliance is referring the sale to the Auditor General and/or urging Treasury to press criminal charges. By MARIANNE THAMM.

Minister of Energy Tina Joemat-Pettersson is not big on transparency. Civil society lobby groups EarthLife Africa and the Southern African Faith Communities Institute had to drag her off to court because of government's opaque massive nuclear procurement plan and our apparent long-term marriage to Rosatom.

In that instance Joemat-Petterssson had attempted to illegally sidestep advice by the state law advisor that a crucial public participation process should take place. The Minister was meant to deliver responding affidavits in that court challenge by 13 May but unsurprisingly missed the deadline, prompting the lobby groups to approach the court to force her to do so.

Source: Daily Maverick