https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

EFF: EFF on Energy Minister Kubati admitting that the country's strategic fuel stocks were sold in secret

Close

Embed Video

1

EFF: EFF on Energy Minister Kubati admitting that the country's strategic fuel stocks were sold in secret

Energy Minister Mmamoloko Kubayi
Photo by GCIS
Energy Minister Mmamoloko Kubayi

3rd May 2017

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

The EFF condemns the admittance by Energy Minister Kubayi that the country's strategic fuel stocks were sold in a secret deal last year as proof that ours has become a mafia state. This assertion is in stark contradiction to former Energy Minister Tina Joemat-Pettersson who declared that South Africa's fuel stocks were being rotated.

The sales of the fuel stocks amount to R300-million which remain in the accounts of the Strategic Fuel Fund. The occurrence of this is a threat to the country. Dating back to the year 2006, it had been estimated that a 'no stock' fuel crisis circumstance could very well result in a loss of GDP to the country that can amount to R1-billion a day.

Advertisement

Furthermore, Muzi Mkhize of DOE in the year 2015 made a declaration that strategic stocks would only be released and proposed for sale should the country reach a state of emergency. The Strategic Fuel Fund had been responsible for procuring, maintaining and managing strategic fuel stock held by government, companies and those in their possession through the agreement they made with the state.

The EFF calls for an immediate independent investigation on the matter and that former Minister of Energy responsible for having sold off the fuel stocks must face the necessary legal implications for lying to parliament and trading the country's reserve resources in secret.

Advertisement

A kleptocratic occurrence of such dramatic proportions can only happen under an equally kleptomaniac Zuma. That such national interests could be compromised under his watch is yet anyone reason why he must step down as President of the Republic. One only wonders how many more secret deals are being administered, both on his direct instructions and inspired by his lawlessness.

South Africa faces great consequences on fuel shortages, all because of the unsatisfiable, gluttonous thirst to loot public resources by ANC ministers and their families, friends and comrades.

 

Issued by EFF

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

 

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now