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EXPLAINER | Where is the govt in its fight to reverse R5bn sale of strategic crude oil reserves?

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Tina Joemat-Pettersson.
Tina Joemat-Pettersson.
Adrian de Kock, Netwerk24

South Africa's Central Energy Fund (CEF) has headed to the Western Cape High Court, asking it to overturn a Strategic Fuel Fund (SFF) decision to sell 10.3 million barrels of the country's strategic crude oil reserves in 2015.

This as the SFF, a wholly-owned subsidiary of the CEF, reached an agreement with Glencore, one of the eight oil companies the reserves were sold to, to have the sale of three million of the 10.3 million barrels set aside. 

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