Cartel Uses Zimbabwe Import Licence To Purchase Fuel From SA And Resell It In SA

Business Times has reported that the National Oil Infrastructure Company (NOIC) is investigating a scandal in the energy sector after a “cartel” reportedly used Zimbabwe Import Licence to purchase fuel from South Africa and then resold it in South Africa at a higher price instead of the intended destination, Zimbabwe.

The cartel is reportedly purchasing the fuel at R6 per litre and resells the fuel at R14 in South Africa despite the acquittal of fuel import forms at Beitbridge Border Post that the fuel would have crossed into Zimbabwe.

The probe into the matter was confirmed by NOIC chairman Daniel Mackenzie who told Business Times that a number of companies were importing fuel individually. He said:

They have mostly been importing from South Africa but that fuel never reaches Zimbabwe but is rather sold in South Africa.

Mckenzie added that about 42 companies are also being accused of exporting fuel to neighbouring countries adding that these companies were given until tomorrow to submit all papers relating to the importation of petrol and diesel between January 2018 and December 2019.

These reports come when the country has a huge fuel deficit highlighted by elongated queues at fuel stations.

More: Business Times

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.

RSS Recent Pindula Profiles

Comments

Back to top

Write a Comment

Your email address will not be published.