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Thread: Time has run out for PetroSA, says DA

  1. #1
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    Default Time has run out for PetroSA, says DA

    Cape Town - The official opposition Democratic Alliance (DA) said it was considering taking legal action against the state oil and gas company, PetroSA.

    DA energy spokesperson Hendrik Schmidt said: "Time has run out for PetroSA.

    "Thirty days have elapsed since the Democratic Alliance filed its internal appeal against PetroSA's decision not to comply with the DA's application in terms of the Promotion of Access to Information Act (PAIA)."

    "The DA will now consider taking legal action against PetroSA."

    On May 23 the DA used the PAIA to request that PetroSA make available "all recorded information and documentation relating to the transaction and contract (awarded on 15 October 2002) between PetroSA, Imvume Management and Glencore International," reported Schmidt.

    He said this was the contract which lay at the heart of the Oilgate scandal and which saw PetroSA make a double payment of R15m to Imvume Management for a single shipment of oil condensate.

    Imvume allegedly used the first of these payments to make an R11m donation to the African National Congress, said Schmidt.

    "In refusing to comply with the DA's original application PetroSA stated, on July 19, that "after consideration of the request, representation by the affected party (Imvume Management) and all the relevant legal issues in this matter, PetroSA has decided not to grant the request.

    "This is so, on the basis that the recorded request concern commercial information of the third party that is confidential."

    "The DA believes that PetroSA's decision was incorrect and that the PAIA legislates for mandatory disclosure if the records concerned reveal evidence of a failure to comply with the law, or if the public interest in the disclosure of the record clearly outweighs the harm that the disclosure might cause.

    "The DA therefore submitted an internal appeal, as required by the Act and appealing PetroSA's decision, on July 22."

    "The DA has now referred the matter to its lawyers and will consider what action to take once it has received a legal opinion."

    PetroSA is due to appear before the Standing Committee on Public Accounts on Wednesday.

    Schmidt said there remained many unanswered questions surrounding Oilgate, and the contract between PetroSA and Imvume Management.
    Source: News24
    Quote Originally Posted by Nicci View Post
    Why is your name Polish? You are not black?

  2. #2

    Default R7,50 per litre petrol shock

    You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.
    Quote Originally Posted by bekdik View Post
    Expecting a corporate to do something out of a spirit of goodwill is about as efective as expecting to win a lottery without purchasing a ticket. It ain't gonna happen!

  3. #3

    Default

    PetroSA is a company that's in the same league as Telkom. Both of them feel nothing for the workers. At PetroSA you are not even a number. Both of them are involved in shady dealings. They just suck.

  4. #4

    Default The M&G gagged

    The M&G gagged
    Interesting debate going on at the Mail and Guardian forum.

    I was searching this morning and couldn't find the exact breakdown of the shareholding of PetroSA.
    Anyone care to deliberate.
    As we know so well from our experience from Telkom, shareholding plays a crucial part.
    I must go work.
    Later.
    You can take Telkom out of the Post Office but you can't take the Post Office out of Telkom.
    Quote Originally Posted by bekdik View Post
    Expecting a corporate to do something out of a spirit of goodwill is about as efective as expecting to win a lottery without purchasing a ticket. It ain't gonna happen!

  5. #5
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    Default

    ANC and their god damn cronies !!
    UTD : full signal 100 % of the time , MTU 1352 , RWIN 255520 -external aerial makes a huge difference

    "To be prepared for war is one of the most effectual means of preserving peace." George Washington (1732-1799)
    Evil triumphs when good men do nothing !!

  6. #6

    Default

    The only shareholder in PetroSA is the Goverment.

    Brief history of PetroSA: Formed in January 2002 with the merger of 3 previous entities; Mossgas, Soekoe E&P and part of the Strategig Fuel Fund Association. PetroSA owns, operates and manage the goverments assets in the petroleum industry. The company operates as a commercial non-listed entity under South African Law.

    PetroSA is a subsidiary of the Central Energy Fund (CEF).

    The organisation has a unitary board appointed by the Minister of Minerals and Energy... (which is now our new deputy president).

  7. #7
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    Default

    Quote Originally Posted by Ghatto
    The organisation has a unitary board appointed by the Minister of Minerals and Energy... (which is now our new deputy president).
    I smell another scandal coming.......
    UTD : full signal 100 % of the time , MTU 1352 , RWIN 255520 -external aerial makes a huge difference

    "To be prepared for war is one of the most effectual means of preserving peace." George Washington (1732-1799)
    Evil triumphs when good men do nothing !!

  8. #8

    Default

    Oilgate: PetroSA managers to appear in parlaiment

    Can't wait to hear what they have to say....

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