Transnet's sponsorship deals for SABC/TNA Business Breakfasts was irregular - State Capture report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Transnet’s Former Group Chief Executive Officer Brian Molefe and the parastatals then Group Manager for Corporate Affairs Mboniso Sigonyela have been fingered as the main role-players in the approval of the sponsorships.

Hosted by the Gupta Owned New Age Newspaper, the Breakfast featured government Ministers in the main and were sponsored by various parastatals including Eskom and Transnet. According to the report, Molefe played a significant role in facilitating TNA contracts at Transnet after he was appointed as the Group Chief Executive Officer in February 2011.

The request contained no detail about the value of the sponsorship for Transnet and there was no motivation provided for the price.Six months later, TNA sent another request for the sponsorship of the Breakfast.The report says, however this time around, a memorandum prepared by Sigonyela for approval by Molefe described the deal not as a sponsorship but as a partnership.

To anything that comes from this good document, the question now comes, so what?

For millions of rands... A clever person or journalist would know that is nonsense !! They have no evidence if they cant even state the exact figure.

It's obvious, monies were being siphoned out of all entities involved. SABC was used to clean the stolen monies. Millions of rands would then go missing from SABC's revenue streams. No one at SABC would he held accountable for missing monies/revenue at SABC.

And then Brian's picture? StateCaptureReport

So if irregular are wasteful expenditure is state capture then it's still alive in 20/21 financial year at Eskom.

Hendricksnino77 I am so excited and grateful to you 🥰 Hendricksnino77 with the management of R25.500.000 and you gave us this opportunity to shine and get rich in this company, thank you very much Mr Hendricksnino77

So how does that link with state capture... Was the Group CEO coerced by any government official or the former head of state come on mani!! We need to know how the state was captured not this

You are telling us about useless, bias and stinking report, the country is burning! Always you are found with your pants down.

Time for actions

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parliament fire flares up again - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The fire that broke out in Parliament on Sunday has flared up again. Thick smoke can be seen billowing from the Assembly building. Inside job. They collapsed the Anc, followed by the SOE's , now the parliament. Somgaga released the lethal gas Why not just tear down the whole structure & rebuild from scratch? After all, that's our country's parliamentary building & should be the pride of the nation, not some old, raggity remnant from the old days. Some of us have no emotional attachment to it other than bad memories.
Source: SABCNews - 🏆 37. / 51 Read more »

GALLERY: Fire that gutted Parliament - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A fire broke out in the Parliament precinct in Cape Town on Sunday, which resulted in extensive damage to historic buildings. I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to TraderMNelisi on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her TraderMNelisi Words can neither qualify how helpful your guidance and advice has been . I am forever grateful for your support .Thank you AMBREYMARCUS1 I just received a profit of R234,000 in my bank account. thank you very much
Source: SABCNews - 🏆 37. / 51 Read more »