Posts tagged with 'Guptas'

 

Unlawful R420m Gupta VAT refund – Sars legal head fired with immediate effect

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Revenue service Sars said on Friday it had terminated the services of its head of legal, Refiloe Mokoena, with immediate effect.

It said the decision was taken after a disciplinary hearing chaired by a senior counsel from the Johannesburg Bar.

Sars said Mokoena was found guilty of serious misconduct.

“Sars has accepted the chairperson’s recommendation of immediate dismissal and her services have been terminated with effect from today, November 15 2019,” Sars said.

BusinessLIVE reported in October that Mokoena, who was allegedly at the centre of granting the controversial Gupta family a reported R420m VAT refund, had been suspended.

It said Mokoena was asked by Sars in September to supply reasons why she should not be suspended by the tax agency over the Gupta refunds. Mokoena was one of five executives who were placed on precautionary suspension in recent months pending the conclusion of their disciplinary processes.

In October, Sars announced t
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Bankrupt Gupta mine in Mpumalanga sold to black-owned South African mining group

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A black-owned South African mining group, Lurco, is buying the Gupta family’s Koorfontein mine, Netwerk24 reported on Monday morning.

The bankrupt mine in Mpumalanga is owned by the Guptas’ Tegeta Exploration and Resources, a unit of Oakbay Investments. It used to supply coal to Eskom, but has not been operational for some time. Employees last received salaries in November 2018

Lurco was established in 2010 by businessmen Ellington Nxumalo and Aubrey Chauke. One of its largest projects is a coal beneficiation contract with Australian miner South32.

Lurco has until later this week to settle the R500m bid. Louis Klopper, the business rescue practitioner tasked with dealing with some of the Gupta companies, told Netwerk24 that a foreign-owned financier, who is supporting Lurco’s bid, has transferred a part of the money last week. The rest needs to be settled by 24 October.

If that doesn’t happen, another company, Black Royalty Minerals (BRM), will buy Koor
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Nyanda and Trevor Manual Drop Bombshells – Guptas Wielded Significant Influence in the Appointment and Dismissal of Ministers

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Siphiwe Nyanda, former cabinet minister told the Commission of Inquiry into State Capture today that he met with the Gupta brothers in the presence of former president Jacob Zuma’s son Duduzane Zuma. They introduced themselves and their company, Sahara Computers and indicated a desire to have a private meeting with him.

Under his portfolio as communications minister, Nyanda had oversight over the SABC, Icasa, Films and Publications Board and Brand SA, among others. The Guptas are suspected to have wielded significant influence in the appointment and dismissal of ministers who could further their business interests.

Nyanda’s meeting with the Guptas fell through because he was fired by Zuma during one of the former president’s cabinet reshuffles.

Earlier in the day, former finance minister Trevor Manuel testified that the reshuffle was aimed at replacing reluctant ministers with pliable ones who would work to further the business interests
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The State capture saga has kick-off for 2019 and 12 insane revelations from ex-Bosasa chief Angelo Agrizzi

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Former Bosasa COO Angelo Agrizzi makes the Guptas look like monks. His damning testimony at the state capture inquiry has turned heads nationwide.

We just do not know where to begin on this one. The state capture inquiry is most definitely doing its job, as bombshell testimony became a weekly fixture before Christmas. This was the commission’s first day back, and honestly, it was a thriller. Former Bosasa COO Angelo Agrizzi has been spilling tea like no-one’s business.

The security service company have long been under suspicion for a series of dodgy deals with private business, and the ANC government. In their most recent controversy, they made a suspicious payment of R500 000 to Cyril Ramaphosa’s son, Andile – a deal that still hasn’t been fully explained.

Angelo Agrizzi testimony at the state capture inquiry:

He was allowed access to NPA files
Agrizzi reportedly took photographs of a con
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Uncovering the Truth – That’s why Eskom is employing loadshedding and Jan van Riebeeck’s nor apartheid can be blamed for the failed state entity

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An anonymous engineer at Eskom revealed on social media the problems and forecasting of the failed state entity.

50% of coal power stations are out of order and will only be operational again in three years time.
Four of the six turbines at one power station have “broke down” due to poor grade coal (supplied by Gupta’s).
No or little maintenance has been done in the past four years.

All this said, loadshedding will be our forecast in January, and this will make the fierce economy even more damaging and more bankrupt.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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