It was more than four years ago that some disturbing goings-on emerged at the Strategic Fuel Fund (SFF), a state-owned entity mandated to protect SA’s energy security.

The gist of the story is well known by now: the fund irregularly sold 10-million barrels of oil — virtually all of SA’s emergency reserves — under the guise of "rotating" it. The sale was concluded at a price well below the Brent crude benchmark at the time.

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