Subscribe to industry newsletters

Search jobs

PetroSA's chairman quits suddenly

PetroSA's chairman Benny Mokaba has quit with immediate effect.
PetroSA's chairman quits suddenly

Mandla Tyala‚ spokesman for the Central Energy Fund (CEF) which owns the company‚ said CEF's chairman Sankie Mthembi-Mahanyele announced that Mokaba would leave the company immediately at a special meeting called on Monday (29 April) morning.

"The move follows the conclusion of an investigation ordered by the Minister of Energy, Dipuo Peters, to investigate the procurement system at PetroSA‚" Tyala said.

"The investigation was part of an initiative by the minister to ensure adherence to good corporate governance principles and transparency at enterprises which report to the department of energy," he added.

A preliminary report issued by the investigating team last month found several instances of what seemed to be inappropriate over-riding of internal controls by executives at PetroSA.

This meant proper processes and procedures were not followed with regard to tenders and contracts at PetroSA.

The team's report also contained allegations against current and former senior officials at the company.

Tyala could not confirm whether Mokaba had chosen to resign or had been fired‚ nor could he confirm whether Mokaba had been implicated in the report.

Source: Sapa via I-Net Bridge


For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to:

Let's do Biz