New state-owned petroleum company must go ahead without fear of corruption

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Government-owned petroleum and gas companies are in the process of being merged under the new company while the legislative process is still underway in parliament.

CAPE TOWN - Mineral and Petroleum Resources Minister Gwede Mantashe says the state needs to set up its new petroleum company without fear that it will fall prey to corruption and mismanagement.

"I'm not a subscriber to this belief that everything must not be done because there’s corruption. Every activity smells corruption, therefore we must be inactive and do nothing," said Mantashe.

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