amaBhungane | PetroSA’s R3.5-Billion ‘Raid’ on Student Funding

amaBhungane | PetroSA’s R3.5-billion ‘raid’ on student funding

Documents and emails show that PetroSA, the state-owned fuel company, attempted to divert R1.2 billion – earmarked to train unemployed youth – to fix an offshore oil rig.

PetroSA’s R3.5-billion ‘raid’ on student funding - AmaBhungane Centre for Investigative Journalism

As universities open their doors, 1 in 3 South African youth will be left behind at home. 34 percent of youth (age 15 to 24) are not in employment, education or training, according to Stats SA. Yet ANC chair Gwede Mantashe has suggested that these unemployed youths have only themselves to blame. “The ANC has given you a fishing rod — must it now catch fish for you?” Mantashe, who is also the minister of minerals and petroleum, said during a rece…