Fears about Minister Dlodlo weren't unfounded. Six months into the job, she's been accused of issuing illegal interception orders, writes Adriaan Basson.
Investigations into the disposal of strategic crude oil stock in December 2015 are expected to draw to a close soon, members of Parliament heard.
The state-owned national energy utility showed a profit after tax of R354m in the 2017/18 financial year, compared to a net loss of R621m in the 2016/17.
"Mid-month unaudited data from the Central Energy Fund is predicting the biggest fuel price hike in South Africa's history by some margin," according to the AA.
Current data from the Central Energy Fund suggests a price rise for petrol, diesel, and illuminating paraffin at the beginning of August, the Automobile Association has warned.
Facing insolvency, the Central Energy Fund is being dogged by a dodgy fuel deal and uncertainty over the role of the resources minister.
A probe into South Africa's sale of 10 million barrels of crude oil reserves in 2015 may be delayed after Energy Minister Mmamoloko Kubayi expressed concern that KPMG conducted a a key financial analysis in the probe.
Energy Minister Mmamoloko Kubayi says her department's probe into the Strategic Fuel Fund's attempts to buy assets in the country from Chevron is heading for criminal action.
Political parties have again lambasted the "secret" sale of South Africa's strategic fuel stocks and insist on answers from new Energy Minister Mmamoloko Kubayi about the deal.
The Central Energy Fund declined to comment on a report that its chairperson allegedly asked board members of PetroSA to resign with immediate effect.
The Central Energy Fund is being trounced by Parliament over its failure to recognise the gravity of the controversial sale of 10 million barrels of SA’s crude oil reserves.
Turning around state oil company PetroSA is one of the biggest priorities of its parent company, the Central Energy Fund.
But the same data that suggests a petrol price cut shows there could be trouble for diesel users.
The substantial rand weakness could undo recent fuel price stability, warns the Automobile Association, commenting on unaudited fuel price data.
The Central Energy Fund's board wants a court to declare an illegal sale of SA's strategic oil reserves void, and plans to launch a full-scale probe into the Strategic Fuel Fund and PetroSA, a source told Fin24.
The Central Energy Fund board chairperson says the fund is still calculating how much SA lost when 10.3 million barrels from its strategic fuel reserve were sold off in 2015.
Four of the six remaining board members at PetroSA have tendered their resignations, according to a report.
The sale of SA’s strategic fuel stock has prompted Energy Minister Mmamoloko Kubayi to second her director-general to act as CEO at the Strategic Fuel Fund.
The Central Energy Fund is handling certain issues regarding its subsidiary Petro SA internally and will make its decisions known in time, says a spokesperson.
The Central Energy Fund, which is responsible for overseeing PetroSA and the Strategic Fuel Fund, will pay more than R41m in bonuses to its staff this financial year.
ALEC HOGG EXCLUSIVE: Those who engineered the sale of SA’s Strategic Fuel Fund on the conditions reported did it to enrich themselves.
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