Strategic Fuel Fund loses appeal bid in dispute over crude oil readings
Supreme Court of Appeal clarifies the limits of arbitration and what a court is allowed to do
18 June 2024 - 16:37
The Strategic Fuel Fund (SFF), which monitors and manages SA’s strategic energy feedstocks, has lost an appeal bid in a R7.6m dispute with an international monitoring company over claims of accuracy of crude oil readings.
The Supreme Court of Appeal (SCA) ruled the SFF had earlier entered into an arbitration agreement with monitoring company Krohne that stipulated payment to Krohne of R7.6m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.