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BusinessLive reports that the chairperson of the Central Energy Fund, government’s energy holding company, was suddenly dismissed on Friday after allegations emerged that he solicited a bribe from a global oil trader Vitol.
The controversy around Luvo Makasi came as a forensic investigation into the illegal sale of SA’s strategic fuel stocks in December 2015 was at last reaching finality and as the Hawks launched a criminal investigation into the sale. The stocks, which remain in tanks at Saldanha, are the subject of a court application before the Western Cape High Court. The Central Energy Fund wants the transaction declared illegal and set aside. Makasi has been accused of approaching Vitol with an offer to drop the litigation in return for a large payment. In a statement on Sunday, energy minister Jeff Radebe’s office said that “serious allegations were discussed with Mr Makasi on March 8 and put to him in writing on the same day. He responded on March 11. Having considered Mr Makasi’s written response the minister on March 15 wrote to Mr Makasi removing him from the Central Energy Fund board.” Makasi, who claimed he had resigned on Friday prior to being fired, said on Sunday he stood by his submission to Radebe denying the allegations. He said he hoped the matter would be “investigated to its logical conclusion”.
- Read the full original of Carol Paton’s report on the dismissal at BusinessLive
Get other news reports at the SA Labour News home page