The CEF said the sale was now the subject of investigations and legal action with board members having already filed affidavits. However, the fund was still waiting for the court case to be enrolled in the Western Cape High Court after it filed an application last year to declare the sale unlawful and invalid.
Deputy director-general in the Department of Energy and CEF board member Tseliso Maqubela said they were happy with progress made with the investigations.
“As the CEF board, we are confident that those investigations have been managed very well. There will be consequences,” said Maqubela.
He said the law enforcement agencies will deal with the criminal prosecution of the matter.