The owner of a leading sanitation company who stands accused of fronting so he could score government tenders is trying to clear his name in court after an adverse finding against him by the Broad-Based BEE Commission.
He wants the commission’s report to be reviewed and set aside, and is still waiting for the date for the hearing.Diedericks not only owns 100% of Cemforce CC, he also holds a 74% stake in Izwelethu- Cemforce, which he allegedly used as a front because the company had black shareholders.
In 2009, he was offered shares and a new position as operations manager with a R25 194.22 monthly salary.In his affidavit, he stated that Diedericks had controlled Izwelethu-Cemforce even though he was not a formal manager and the company had no assets. He added:"When I wanted to see the financials, Wicus Diedericks just said: ‘Sign where indicated, you won’t understand what’s in there anyway.’ In reality, Izwelethu-Cemforce was just a BEE front used to channel money, a sort of money laundering machine that retained no real profits and simply paid through its income [minus the cost of building the toilets] to Cemforce or wherever Wicus Diedericks wanted such funds to go.”.
Can he be jailed, to set precedence for many like him.
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JvanLogg He turned my R5000k to R58,000k in just 7days. I can't thank him enough. A good man with a good heart, Thank you so much. 👇👇👇 Mrart3rs
City_Press The first premise to defend this case I'd to attack the BEE law itself. I know the constitution court has been wishy washy on this but it needs to be looked at again. Any sentence needs to be applied with a final application to concourt
City_Press What is the name of the company 🤔
City_Press Can't blame the Guptas for everything.
City_Press White erasure (BEE) is evil. It is telling the young White man that he cannot get the job or make the team because he was born White and must atone for grievances never committed.