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Tank pipework onboard the Karmol LNGT Powership Asia floating storage and regasification unit (FSRU), operated by Karpowership, viewed from the ship’s bridge whilst docked at Cape Town port in Cape Town, South Africa. Photographer: Dwayne Senior/Bloomberg via Getty Images
ANNA MOKGOKONG

Karpowership: ‘State capture on steroids’ deal unearthed

Battle between Karadeniz and its partners shows what seems to be a plan to trade influence and deals to get Karpowership permits and benefit businesswoman Anna Mokgokong

  • Susan Comrie
14 min read
Offshore oil and gas development in South Africa is governed, among others, by the National Environmental Management Act 107 of 1998, as amended in 2022, and the Mineral and Petroleum Resources Development Act.
GAUTENG HIGH COURT

Karpowership shareholders to square up in court over R200bn gas deal

PowergroupSA accuses the Turkish company of trying to transfer its shares to another black economic empowerment company without sticking to their agreement

  • Mandisa Makgakga
4 min read