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He said that despite the fact that intergovernmental Framework agreements were signed long ago, these agreements could not be followed if invalidated by courts and could not be implemented without being ratified in Parliament.
Minister Radebe also added that the Boston Consulting Group has appointed to help root out corruption surrounding the Central Energy fund. “That situation cannot go forward unattended, so it is one of my priorities in the next few weeks to ensure there is stability in the CEF,” concluded Radebe.
The agreement of Russia, US and South Korea was definitely done under very suspicious circumstances during the dark times of state capture. The truth is that the deal was brokered by the Gupta brothers and would have cost the state millions in tenders. The Central Energy Fund, was manipulated by the Zuma administration and the Guptas his business associates to benefit their wealth. The CEF has long been a victim of state capture antics, and it remains to be seen whose head will fall from the chopping block. The Boston Consulting Group will have its work cut out for it as an American based firm investigating the dirty work of South African corruption.
Meanwhile the president has just come under fire from Democratic Alliance leader Mmusi Maimane.
Ramaphosa has been the leader of the governing party for half a year now, and the vultures have been circling throughout that period: especially when he became the country’s Head of State at the expense of President Jacob Zuma. Many have asked for Ramaphosa to be given an opportunity to settle in and course correct, following the unceremonious departure of Zuma. However, Maimane believes Ramaphosa has been given a fair opportunity and that he has failed to protect the interests of working South Africans. Speaking at the Noord Taxi Rank in Johannesburg, Maimane said: “At midnight last night, the price of petrol hit a record high of R 15.70 per litre – the highest it has been since the dawn of democracy in 1994.”
Ramaphosa has indeed come under fire for having failed to see his predecessor jailed for what his previous policies were like. The president may not have control over how international oil prices are set. Given the new forms of chaos and uncertainty sweeping oil producing nations such as those in the Middle East, in South America like Venezuela as well as the new unpredictability of American diplomacy a hike in oil prices could not be avoided. The president may be a skilled negotiator but not even he can change the way global prices are governed. It will take some time and patience before this is resolved.