DA to request Treasury intervention for unlawful sale of fuel reserves
9 June 2016
The DA has written to the Minister of Finance, Pravin Gordhan, to seek clarity as to whether National Treasury (NT) received any of the money from the unlawful sale of our fuel stocks and whether it will be taking any disciplinary action against Minister of Energy, Ms Tina Joemat-Pettersson, for contravening the Public Finance Management Act (PFMA) in this transaction.
According to the PFMA, section 54(2d):“Before a public entity concludes any of the following transactions, the accounting authority for the public entity must promptly and in writing inform the relevant treasury of the transaction and submit relevant particulars of the transaction to its executive authority for approval of the transaction: (d) acquisition or disposal of a significant asset.
Furthermore, we also need to know where the fuel stocks are located after the sale; this would be a huge case of delinquency if the very same fuel was purchased at a great loss to replenish stocks.
Even worse is if this is another case of an ANC cadre enrichment scheme with the possibility of some of the huge profits being channeled into the ANC election campaign.