News Formal

Dan Matjila denies coercing BEE companies to merge in Total SA deal

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Matjila's testimony concerning what transpired in the run-up to the acquisition of a stake in Total SA by two BEE consortiums has left more questions than answers

Warren Thompson

But despite signing an engagement letter with the PIC, Mulaudzi said Matjila told him he had to merge with Sipho Mseleku’s Sakhumnotho group if they were to get any funding from the PIC. Mulaudzi said they were forced to “form one consortium”, with each party holding 50% of the shares. Mulaudzi’s testimony indicated that Matjila had inserted Sakhumnotho into the transaction late in the bidding process, at a point where Mulaudzi thought his company had an exclusive undertaking from the PIC to fund the transaction.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

#PICInquiry: Dan Matjila tried to defend the PIC from state capture | IOL Business ReportPICInquiry: Former Public Investment Corporation CEO Dr Dan Matjila on Tuesday told of how he and his colleagues worked hard to defend the PIC from StateCapture during his 15-year tenure at the state-owned asset manager.
Fonte: IOL - 🏆 46. / 51 Leggi di più »