PetroSA advertised a tender in January looking for a partner willing to invest at least $200-million (R3.7-billion) to refurbish the refinery. Twenty companies submitted bids, but the unusually strict technical criteria meant that 19 of the 20 were eliminated, leaving Gazprombank’s local subsid.
amaBhungane | PetroSA pushes for R3 7bn deal with Russia news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
The board of Eskom that took office in December 2014 will have to be investigated by law enforcement authorities to determine their culpability in the irregular and wasteful R43-million contract entered into between the power utility and Gupta-owned TNA Media to sponsor its business breakfasts. Acting Chief Justice Raymond Zondo states in his first report of the state capture commission that he chairs, that “while accountability structures are indeed useful, if the board of a public entity fails in its duties to ensure that they are observed, they will prove useless in the fight against irregular and wasteful expenditure.”