- In December 2023, PetroSA selected Equator Holdings owned by controversial businessman Lawrence Mulaudzi to fund and refurbish its offshore gas infrastructure, a deal potentially worth R21.6 billion.
- It has since emerged that Equator Holdings (Pty) Ltd was also trading as Tshakhuma Tsha Madzivhandila (TTM) Football Club in Limpopo. And in March, Equator was liquidated for failing to pay one of TTMs soccer players.
- Documents suggest PetroSA was unaware of Equators liquidation and kept pursuing the multibillion-rand deal, raising questions about PetroSAs due diligence on a deal that had already raised eyebrows.
- News24 Business front page .
In December 2023, PetroSA entrusted a potential R21.6-billion gas infrastructure deal to notorious wheeler-dealer Lawrence Mulaudzi.
Three months later the deal was dead, killed not by environmental groups or Russian sanctions, but by 34-year-old soccer player Cheslyn Chase Jampies.
Last year, Jampies asked the Johannesburg High Court to liquidate Tshakhuma Tsha Madzivhandila Football Club (TTM), after the club failed to pay his R35 000-a-month salary.
With time and interest, Jampies claim against the club rose from R70 000 to R725 000.
TTM, which is owned by Mulaudzi, failed to oppose the case. And on 7 March this year, the court ordered that TTM be placed in final liquidation.
