Sibusiso Gamede was acting chief executive of the Strategic Fuel Fund during the 2015–16 sale of 10 million barrels of the national reserve.
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Acting CEO of the Strategic Fuel Fund who disposed of the entire strategic crude reserve in December 2015 on what the High Court found to be "incomplete due diligence" and "misleading" representations.
Sibusiso Gamede was acting chief executive of the Strategic Fuel Fund during the 2015–16 sale of 10 million barrels of the national reserve.
Status: Fired
Pain points driven by the 1 case(s) Sibusiso Gamede is implicated in.
Cases where Sibusiso Gamede is documented as perpetrator, enabler, beneficiary, orchestrator, political protector, accused, or convicted.
One name on the record. The file it belongs to runs to hundreds.
$281 million (~R4.5bn at 2016 rates) for the entire reserve; state ordered to refund buyers