29 Jan An investigative team has now been set up, to investigate how South Africa's Strategic Fuel Fund.
The long-awaited investigative team has now been set up, to investigate how South Africa's Strategic Fuel Fund sold 10-million barrels of the state's oil reserves in 2015. This, without the go-ahead from Treasury, but with apparent approval of former Minister of energy, Tina Joemat-Pettersson. The Central Energy Fund wants to know why the state's strategic oil was sold only at a fraction of its value, and they want answers by July this year. On the Forum at 8 this morning, we focus on what exactly are they investigating?