State fuel authority heads resign over Chevron bid
01 July 2016 - 20:20
The Acting CEO of the Strategic Fuel Fund (SFF) Sibusiso Gamede and the chairman of the Central Energy Fund (CEF) Riaz Jawoodien on Friday resigned with immediate effect following the debacle over the unauthorised bid for Chevron SA‚ which is up for sale.The bid incurred the displeasure of Energy Minister Tina Joemat-Pettersson‚ who is the shareholder representative of all companies in the Central Energy Fund group‚ as governance procedures were flouted and permission for the transaction was not...
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