Dan Matjila faced tough questions regarding the role he allegedly played in ensuring Kilimanjaro Capital and Sakhumnotho Holdings formed a consortium to secure a 25% stake in Total SA.
“Without the merger both companies stood a real risk of losing the bid as they were both small,” he said. Matjila had previously testified that he was unaware of Sakhumnotho’s interest in the deal and only knew of KiliCap as the preferred bidder. KiliCap received a non-binding letter of expression of interest from the PIC on 2 June 2015.
“What did you mean when you said we may have to persuade them to work together because you have denied before this commission forcing KiliCap to merge with Sakhumnotho?” Monahela asked.
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