JOHANNESBURG - Joburg Mayor Geoff Makhubo said he wanted to leave his company Molelwane when he became MMC for Finance, but the resignation process took longer than expected.
Makhubo has told the state capture commission that Molelwane and Gupta-linked company Regiments Capital signed an agreement with the City of Joburg in 2005, three years before he became African National Congress treasurer in Johannesburg.Previous witnesses have accused him of using his company to facilitate the transfer of illicit payments meant for him and other ANC officials.
The commission has presented to Makhubo records that show that his company received an accumulative R35 million from Regiments with some of those funds directed to his personal account. He is yet to confirm the accuracy of these records but has confirmed that Molelwane continued to be paid 10% of Regiments fees even though he was already Finance MMC.
He said this was part of the initial agreement: “It’s common cause that it continued until 2015 because of an interdict on the second award by a certain company.” WATCH LIVE: State Capture Inquiry, 27 November 2020 Part 2
nthakoana Oh...and he wanted to get something out.. or did ewn miss that part?
nthakoana 🙈🙊🙉🐒 ons sien of voel Fokol FokofANC myanc VoetsekANC VoetsekDuduzane VoetsekMkize RemoveANCfromPower VoetsekCyril VoetsekMabuza VoetsekFuckyMbalula VoetsekACE VoetsekTito VoetsekANCvoter
nthakoana Ai... 🙄
nthakoana The resignation from a company can take less than a week. Ask theCIPC
nthakoana True , writing a resignation letter can be a very very long undertaking.
nthakoana Nonsense
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