Forensic probe into 2015 sale of strategic fuel stocks complete - Mantashe

2019-07-10 06:01

The probe concerns the sale of 10.3 million barrels of oil by the Strategic Fuel Fund in late 2015 when global oil prices were at a historic low.

CEF to probe PetroSA, SFF deals and will seek legal action over fuel sale

2017-10-24 06:01

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.

'My decision was correct' - energy mnister defends fuel fund appointment

2017-10-10 13:37

Energy Minister Mmamoloko Kubayi has told Parliament she did "nothing illegal" in making Thabane Zulu the Strategic Fuel Fund's acting CEO, after MPs questioned the appointment.

Wait on for veil to lift on SA secret fuel sale

2017-10-03 07:02

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.

Criminal charges in the pipeline for fuel fund execs - minister

2017-05-30 13:00

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.

MPs demand answers on 'illegal' fuel stock sale

2017-05-19 13:17

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.

Under-fire CEF to pay staff over R41m in bonuses

2016-11-11 10:54

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.

Oilgate: How insiders stole R1.5bn in sale of SA’s strategic oil stockpile

2016-08-23 08:00

ALEC HOGG EXCLUSIVE: Those who engineered the sale of SA’s Strategic Fuel Fund on the conditions reported did it to enrich themselves.

Energy Dept to probe fuel fund’s interest in buying Chevron

2016-06-30 14:37

Energy Minister Tina Joemat-Peterson will investigate why the Strategic Fuel Fund has expressed interest in buying Chevron’s assets without her consent, says her department.


Net closing on those linked to the illegal sale of key crude oil stock, MPs hear

2019-03-13 06:15

Investigations into the disposal of strategic crude oil stock in December 2015 are expected to draw to a close soon, members of Parliament heard.

Sold fuel reserves still stored in SA tanks - Kubayi

2017-10-10 15:54

Energy Minister Mmamoloko Kubayi has confirmed that the country's strategic fuel reserves - controversially sold off in late 2015 - are still stored in South African tanks.

Court to determine if SA still has access to its strategic fuel stocks

2017-10-04 19:51

The Strategic Fuel Fund’s controversy-plagued sale of 10 million barrels of the country's strategic fuel reserves in late 2015 has muddied the waters around who the fuel now belongs to.

Minister denies CEF board suspension

2017-08-01 15:51

Energy Minister Mmamoloko Kubayi has denied that she had suspended the Central Energy Fund's board members.

Energy minister wants to clean house after fuel stock saga

2017-05-19 19:56

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.

New twist in sale of Chevron's SA assets after fuel fund saga

2017-01-05 07:54

An oil trader group is suing Cerberus Capital Management, alleging the firm is refusing to pay its share of costs incurred when they made a failed R8.8bn bid for Chevron in SA.

Central Energy Fund grilled over oil deal

2016-11-08 14:07

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.

Strategic Fuel Fund CEO resigns after Chevron bid

2016-07-03 09:34

The Strategic Fuel Fund's chairperson and acting chief executive have stepped down, following the fund's unauthorised bid to buy Chevron's assets.

Strategic Fuel Fund's bid for Chevron assets not approved - DoE

2016-06-30 13:17

The Department of Energy says the Strategic Fuel Fund has not been cleared to make an offer to buy 75% of Chevron's refinery and other downstream assets.

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