File: Oil demand quickly recovered part of the lost ground from April when much of the world was in lockdown to slow the spread of the virus.
JOHANNESBURG - The Strategic Fuel Fund begin hearings into the unauthorised sale of South Africa’s crude oil reserves on Monday.
The sale of 10.3-million barrels happened between December 2015 and March 2016.
This was during Tina Joemat-Petersen’s tenure as energy minister, who at the time, denied the sale.
She told Parliament that it was instead a strategic rotation of oil resources.
The Strategic Fuel Fund commissioned a forensic report, while the Hawks also probed the matter.