Sunday, April 28, 2013

PetroSA accused of spending R1 billion on foreign businesses

Athenkosi MVane
28 April 2013

Media organizations on Friday reported that PetroSA under its former CEO Yekani Tenza had spent about R1 billion in foreign businesses.

It is alleged that PetroSA spent R200 million in a Company in Ghana that had liabilities which amounted to R800 million.

The Democratic Alliance has called on the Public Protector, Thuli Madonsela to investigate the allegations.

A Member of Parliament Jacques Smalle said the Democratic Alliance will be approaching the standing committee standing Chairperson Themba Godi, Minister of Energy Dipuo Peters and PetroSA management to appear before the Scopa potfolio.

“This is to deal with questions regarding to acquisitions and PetroSA’s dealings in foreign countries such as Ghana” Smalle added.

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