https://www.engineeringnews.co.za

PetroSA chair vacates position

29th April 2013

By: Sapa

  

Font size: - +

PetroSA chairperson Benny Mokaba has vacated his position at the company, it was announced on Monday.

Mandla Tyala, spokesperson for the Central Energy Fund (CEF) which owns the company, said CEF chairperson Sankie Mthembi-Mahanyele announced Mokaba's departure on Monday morning.

"The move follows the conclusion of an investigation which was ordered by the Minister of Energy Dipuo Peters to investigate the robustness of 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."

Mokaba's departure was effective immediately.

A preliminary report issued by the investigating team last month found several instances of inappropriate executive override of internal control systems at PetroSA.

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

The team's report also made allegations against current and former senior officials.

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.

Edited by Sapa

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.085 0.609s - 142pq - 2rq
Subscribe Now