Energy Minister Jeff Radebe has been linked to a mystery R14.5 billion oil deal in South Sudan. The minister made an investment pledge that doesn't sit well with other members of the government.
South Africa's Energy Minister, Jeff Radebe, is reportedly involved in a massive $1 billion (about R14.5 billion) mystery oil deal with South Sudan.
His investment pledge has left other government members frowning and it could him into serious trouble.
A report by BusinessLIVE indicates that Minister Radebe has already spent R20 million in his chase after this deal.
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Radebe apparently hired a costly private jet to travel to South Sudan, and this expenditure is considered irregular by insiders.
The minister wants South Africa to invest in the construction of an oil refinery in the war-torn country.
Briefly.co.za gathered that the Central Energy Fund has advised against this pursuit.
Sunday Times reported that the minister said the project doesn't need the approval of higher-ups because it is at a feasibility stage.
Six experts and a CEO have already been appointed to run the project.
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