It appears the court has lumbered the state with all the legal costs plus the purchasers’ expenses following the cancelation of the crooked 2015 sale of SA’s strategic oil reserves.

Although it is more than likely that the corruption arose from a scheme cooked up by state players, the purchasers can hardly be regarded as innocent victims.

Oil traders are acutely aware  of the market price on a minute-by-minute basis, so it is inconceivable that they weren’t aware that criminality was involved when oil was offered at $28 a barrel while the market price was $38, any more than a member of the public being offered a R20,000 flat screen TV for R6,000 wouldn’t be aware that it had “fallen off a lorry”.

Sydney Kaye
Cape Town

JOIN THE DISCUSSION: Send us an e-mail with your comments. Letters of more than 300 words will be edited for length. Send your letter by e-mail to letters@businesslive.co.za. Anonymous correspondence will not be published. Writers should include a daytime phone number.

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.