South Africa: Unlawful Strategic Fuel Fund Sale Must Be Reversed - Minister Pettersson Suspended

press release

The report from the Auditor-General, in the Central Energy Fund's 2015/16 AFS, into the sale of the Strategic Fuel Fund's (SFF) fuel stock has found glaring irregularities and has been declared by the A-G to be unlawful.

The DA will write to the Minister of Energy, Tina Joemat-Pettersson, demanding that she reverse this dubious transaction immediately. This will prevent the state from buying back fuel for the SFF at higher prices and wasting billions of public money through a loss making exercise.

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