SOUTH AFRICA: CENTRAL ENERGY FUND BOARD NOT SUSPENDED

PRETORIA– Energy Minister Mmamoloko Kubayi has not suspended the Board of Directors of the Central Energy Fund (CEF) as has been reported by the media.

Minister Mmamoloko Kubayi has not suspended the Board of Directors of Central Energy Fund as purported by the media. The Minister has however given the board members letters on the morning of the 26th of July 2017 requesting an explanation on concerns, said the Department of Energy on Tuesday.

The state owned national energy utility entity, which focuses on oil, gas, coal and renewable and clean energy options, reports to the Department Of Energy.

It is also important to stress the fact that Kubayi is the shareholder to CEF and all matters relating to governance at the state owned company will be dealt between herself and the Board, as such matters are dealt within the confidentiality it deserves, said the department.

The department further added that should there be a need to make a public announcement on any matter relating to the issues, Kubayi will do so at an appropriate time.

At this stage, we appeal to all not to give a misrepresentation of the process.

Source: NAM NEWS NETWORK

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