Pic: Ruben Goldberg

The findings of the audit into the Liquid Fuels Charter are extremely disappointing given the timelines, Energy Minister Dipuo Peters said on Thursday.

“We are disappointed that this compliance audit reveals that over these 10 years under scrutiny, overall compliance stands at a mere 48 percent,” Peters told reporters in Midrand.

“On ownership, the finding concludes that the average effective narrow-based black shareholding is 18.91 percent, instead of the 25 percent.

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