DA to request Treasury intervention in fuel fund deal
30 June 2016
The DA will submit a letter to the National Treasury requesting that the dodgy Chevron deal be investigated and prevented from going ahead. In such a dire economic climate, the government has no need to spend public money on establishing a retail presence in the fuel sector that may cost up to R15 billion.
This is money that could be better used on boosting economic growth, creating jobs, and delivering better services.
Our 9 June letter to the Minister of Finance, Pravin Gordhan, that requested Treasury to confirm whether it has received any funds from the illegal sale of the national fuel reserves, has not yet received acknowledgement.
This comes after it was reported that the Strategic Fuel Fund (SFF) had offered to purchase Chevron’s SA assets which include the Cape Town refinery, Durban lubricants plant and 845 retail fuel stations.