https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Audio / Audio Articles RSS ← Back
Consulting|Service
Consulting|Service
consulting-company|service
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

City of Joburg Mayor Geoff Makhubo to testify at Zondo commission

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

City of Joburg Mayor Geoff Makhubo to testify at Zondo commission

City of Johannesburg Mayor Geoff Makhubo

23rd November 2020

By: News24Wire

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Geoff Makhubo, the executive mayor of the City of Johannesburg, is expected to testify before the judicial commission of inquiry into allegations of state capture on Friday.

Evidence leader advocate Matthew Chaskalson, told Deputy Chief Justice Raymond Zondo, who chairs the commission, that Makhubo would be testifying about donations to the African National Congress (ANC) made by IT service management company EOH and by other companies, including Regiments Capital.

Advertisement

Makhubo was the treasurer-general of the ANC's greater Johannesburg region from 2008 to 2018.

"He was also MMC for finance when the City of Johannesburg concluded two IT contracts with EOH… and he will be testifying about his role in relation to those contracts," Chaskalson said on Monday.

Advertisement

"The last topic that will be traversed in the evidence of Mr Makhubo is his relationship with Regiments Capital which is 100% owner of Regiments Fund Managers, which won contracts to manage the sinking funds of Johannesburg," Chaskalson said.

In 2006, Regiments Fund Managers, a division of Regiments Capital, won a contract to manage the City's "sinking funds".

By 2015, Regiments had taken an estimated R300-million in fees.

The investigative journalism centre AmaBhungane previously reported on how Makhubo's firm, Molelwane Consulting, was given a 10% cut on a controversial contract Regiments won to manage the sinking funds.

The publication also said one of Molelwane's, and thus Makhubo's deliverables, was to "maintain… strategic relationships" with the City.

When the contract was signed, Makhubo held no official position in the ANC or the City.

However, when he was elected - first as ANC regional treasurer and then the City's MMC for finance - a serious conflict of interest arose, the publication stated.

AmaBhungane estimated that, between 2006 and 2015, Molelwane Consulting had received R30-million.

Makhubo has appeared before the ANC's Integrity Committee over allegations of impropriety involving the City of Johannesburg's Sinking Fund. He previously said he was cleared of any wrongdoing by the ANC's integrity commission, News24 reported.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now