On the topic of AdeR’s book. The Econ Oil story has released a fox in the hen house.
AdeR claims that Econ Oil was merely a middleman, that the company started out from within Sasol, didn’t even have its own infrastructure, and added markups way beyond what was reasonable.
But, interestingly the company is actually older than state capture, at least as properly understood. It was founded in 2001. The source for this is Econ oil’s own website so it is unclear if this reflects the date that the idea came up to the founder, or if there was more to it.
In 2013, they opened their own facilities. Google maps have photos. It looks like a single tank of some sort, which is being repaired at the time:
And it was opened by none other than Malusi Gigaba.
They make a LOT of noise about it being entirely black and female owned (not hard, it has one female black director, Nothemba Mlonzi).
This is rather interesting: It means this company operated for 12 years, even managing to land lucrative fuel oil deals without its own facilities! The evidence is right there, on the internet.
Whatever facilities it’s got doesn’t look world class at all. Sadly Google Streetview doesn’t have coverage of the area.
Now it seems to me this really is the expectation: That because you are black, and female, therefore you are entitled to this sort of empowerment. I do not disagree with the empowerment, what I disagree with is that this can be done while charging more money. Give the deal to a small upcoming company, by all means! Employ people from the area, that is good and right! But do it at competitive or at least justifiable prices.
It is almost as if, once you’ve established that you are entitled to benefit, that entitlement is pushed way further than it can reasonably stretch. It is almost as if this lady really believes she is being wronged, in other words.