PetroSA says Nako Energy owes it 833 million rand
By the AFREEQUE newsroom, based on The Namibian
South African state-owned oil company PetroSA is contesting at the Western Cape High Court a liquidation application filed by its former partner Nako Energy. Its acting chief executive, Nombulelo Tyandela, says Nako owes it 833 million rand, against the 606 million claimed by the company, according to an affidavit filed with the court.
PetroSA, the South African state-owned oil company, says its former partner Nako Energy owes it 833 million rand, despite a 606 million rand claim made by Nako. In an affidavit filed this week with the Western Cape High Court, PetroSA's acting chief executive, Nombulelo Tyandela, argues that the debts should be offset, meaning Nako would then have to pay 227 million rand to the state-owned company, reports The Namibian.
Nako has gone to court to seek PetroSA's liquidation. The company says PetroSA failed to pay for unleaded petrol delivered to Mossel Bay in June 2024; PetroSA acknowledged this debt the following year. PetroSA, for its part, says Nako failed to settle a shipment of diesel bought in Durban.
Tyandela accuses Nako of using liquidation proceedings to force PetroSA to pay even though, she says, Nako itself is a debtor. The state-owned company also says that in December, despite lawyers' letters demanding payment of the 606 million rand, it awarded Nako a three-month contract to supply diesel to Durban.
PetroSA recently said it had fended off another liquidation threat, this time linked to a debt of 796 million rand owed to its fuel supplier Gunvor, reports The Namibian. Nako is led by Nqobani Mkhwanazi, who was recently described by some as having been a trusted adviser to PetroSA.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
