SECRETARY to the Treasury Felix Nkulukusa has now openly admitted that the decision to turn Indeni Energy from a refinery into an oil marketing company was regrettable and, if time could be reversed, it should not have been allowed. He says Indeni does not have the capital, the technology, the equipment or the capacity to survive in fuel trading. That admission is important because it confirms what many people warned about when this shift was first being pushed. The problem is that government has realised this truth after public money has already been exposed to a business it was never properly suited for. This is exactly why government is not supposed to invest in business without first carrying out a...