Speaking to local news eNCA on Sunday, Radebe said: “The submission of that intergovernmental agreement of Russia, US and South Korea was put to test in the High Court in South Africa where the court decided that the submission of those was unconstitutional and unlawful and we are back to square one… which has now been set aside by the court.
“The submission of that agreement into Parliament as you know will require a ratification by our Parliament in order to have an agreement to be valid.”
Quoting the Minister, eNCA said that he added that corruption at the Central Energy Fund will be rooted out: “Well it is true that there are challenges in PetroSA, not just PetroSA, the whole holding group of the Central Energy Fund and I am deeply concerned about it. That’s why we appointed the Boston Consulting Group to help us to turn around that entity.
“We are in the final stages of taking decisions about the turnaround of the whole group in SA today. After that, we will be filling positions because as you know there are many Hollywood actors in CEF, in PetroSA, in Strategic Fuel Fund and so on.
“That situation cannot go forward unattended, so it is one of my priorities in the next few weeks to ensure there is stability in the CEF.” Read more: Energy minister sets target to boost South Africa’s economy
Watch The Fix’ exclusive interview with energy minister Jeff Radebe below where they unpack the points he raised during his speech at a stakeholder engagement last week.