Grapevine

By News 24
Jul 26, 2024

PetroSA's multibillion-rand offshore gas deal thwarted by unpaid soccer player

It has since emerged that Equator Holdings (Pty) Ltd was also trading as Tshakhuma Tsha Madzivhandila (TTM) Football Club in Limpopo. And in March, Equator was liquidated for failing to pay one of TTM's soccer players.

Documents suggest PetroSA was unaware of Equator's liquidation and kept pursuing the multibillion-rand deal, raising questions about PetroSA's due diligence on a deal that had already raised eyebrows.

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In December 2023, PetroSA entrusted a potential R21.6-billion gas infrastructure deal to notorious wheeler-dealer Lawrence Mulaudzi.

Three months later the deal was dead, killed not by environmental groups or Russian sanctions, but by 34-year-old soccer player Cheslyn Chase Jampies.