SABC News - Energy Minister delivers budget speech :Friday 19 May 2017

Energy Minister delivers budget speech

Friday 19 May 2017 18:13

Zalene Merrington

Kubayi briefed journalists after delivering her department's R8.1 billion budgets in Parliament.

Kubayi briefed journalists after delivering her department's R8.1 billion budget in Parliament.(SABC)

Minister of Energy Mmamoloko Kubayi says those responsible for selling the country's fuel reserves will be investigated - and criminally charged if necessary.

She briefed journalists after delivering her department's R8.1 billion budget in Parliament.

About two weeks ago, Kubayi admitted to Parliament's Energy committee that most of the country's strategic fuel stock was indeed sold and not a rotation of oil stock as claimed by her predecessor, Tina Joemat-Pettersson.

The oil is reported to have been sold to a foreign enterprise at the low price of 29 dollars a barrel.

In her maiden budget speech, Minister Mmamoloko Kubayi had many issues to address.

From controversy at PetroSA, the nuclear deal and the sale of the country's fuel reserves and on the sidelines of her budget vote, she told journalists that this sale will be investigated.

“We are thinking we might have to get Hawks or the Special Investigating Unit (SIU) because we want to make sure that there are consequences for what has happened. Some have to answer under oath because in some countries to be quite frank, this is treasonous.”

She again assured MPs that going forward, talks around nuclear would be transparent.

“We will proceed with signing inter government agreements with five countries and submit to Parliament within reasonable time.

We will review all determinations to comply with judgment, continue to reiterate commitment to open dialogue about nuclear as well as demonstrating transparency and accountability during process.”

As part of the country's energy mix, Kubayi's department will look into price fixing of liquid petroleum gas.

The opposition had harsh words for the department.

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