State oil company PetroSA, which has been mired in controversy for five of its seven-year existence, is once again in the spotlight. New evidence has come to light in an investigation that shows links between politicians, businessmen and directors of the parastatal, reports the Financial Mail.
PetroSA’s Chief risk & compliance officer, Lerato Lesole claims he uncovered evidence which showed Mkhize and Nika had been involved in irregular tender practices. He also says that some directors have shareholdings in companies that had contracts with PetroSA. The FM has established independently that Mkhize has a shareholding in at least one company (of 26%) linked to a former contractor.