PetroSA’s dirty business
𝗧𝗵𝗶𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝗹𝗹𝘆 𝗮𝗶𝗿𝗲𝗱 𝗼𝗻 𝟭𝟬 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯.
State-owned company PetroSA used to produce diesel and other fuels from gas at its refinery in Mossel Bay. But in 2020, it ran out of gas... and money. Two decades of woeful investments, scandals, absence of governance, and profligacy had rendered the company bankrupt. But Minerals and Energy Minister, Gwede Mantashe, has refused to let it fail. He has big plans for PetroSA’s revival into a new petroleum company with the sole shareholding vested in his office. Meanwhile, inside the boardroom of PetroSA, all is not well as the chairman makes headlines. He reportedly wants the CEO’s position, but a string of misconduct findings against him may scupper his plans. As details of questionable tender processes emerge, Carte Blanche investigates an institution operating behind a veil of secrecy not even parliament seems able to penetrate.
𝙐𝙋𝘿𝘼𝙏𝙀: 𝙏𝙝𝙚 𝙢𝙤𝙧𝙣𝙞𝙣𝙜 𝙖𝙛𝙩𝙚𝙧 𝙩𝙝𝙞𝙨 𝙨𝙩𝙤𝙧𝙮 𝙖𝙞𝙧𝙚𝙙, 𝘾𝙖𝙗𝙞𝙣𝙚𝙩 𝙘𝙤𝙣𝙛𝙞𝙧𝙢𝙚𝙙 𝙩𝙝𝙖𝙩 𝙞𝙩 𝙝𝙖𝙙 𝙖𝙥𝙥𝙧𝙤𝙫𝙚𝙙 𝙩𝙝𝙚 𝙥𝙧𝙤𝙥𝙤𝙨𝙚𝙙 𝙙𝙚𝙖𝙡 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙋𝙚𝙩𝙧𝙤𝙎𝘼 𝙖𝙣𝙙 𝙍𝙪𝙨𝙨𝙞𝙖-𝙗𝙖𝙨𝙚𝙙 𝙂𝙖𝙯𝙥𝙧𝙤𝙢 𝘽𝙖𝙣𝙠 𝘼𝙛𝙧𝙞𝙘𝙖.
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