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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Joburg mayor Geoff Makhubo saw no conflict of interest in his company doing business with cityCity of Johannesburg mayor Geoff Makhubo has made the shocking revelation that he did not see any conflict of interest in continuing to “watch over” the financial affairs of a company that he is the sole signatory of, despite it having a contract with the municipality. There is a big conflict I bet you got government contracts Zuma should learn from this thyma. Go there, answer questions and go home🤣🤣🤣 Amazing how these politician’s mothers, fathers, children and siblings turn out to be such fantastic business people and coincidentally get these lucrative contracts from government, hey? Off course there’s no conflict to see here. Just normal business. Move along!!
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