The Treasury is looking at mechanisms to prevent state-owned entities from making offshore payments such as those made to overseas Gupta companies during the years of state capture, acting Treasury director-general Ismail Momoniat said on Tuesday.
These offshore payments saw a lot of illegal financial flows from Eskom, Denel and Transnet disguised as legitimate payments...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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