“ANC Continue To Bankrupt The Country On Daily Basis” – Bantu Holomisa


The UDM leader, Bantu Holomisa in response to the allegations that the Public Investment Corporation (PIC) are  channeling money to the ANC, wailed that the ruling party is bankrupting the country on daily basis, and called on the Public Protector, Thuli Madonsela to find out the truth about the insinuations that the ANC used PIC money to pay the salaries of their staff members.

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Via a letter to the public protector, he hinted on the allegations of R40 million being transferred from the PIC account in the last month of last year to Deutsche Bank. It is being alleged that the R40 million was cornered to fund the 104th anniversary celebrations and salaries of ANC staff members.

With a second allegation suggesting that another R2 million was transferred from the PIC account to the Harith Company to benefit the ANC this month. That’s not all, Holomisa’s letter talked about another intent of the PIC giving out R1.5 billion to investment company identified as Sakhumnotho and Kilimanjaro Capital to enable it buy a 25% stake.

Wailing that the ANC cannot be trusted with worker’s money, Holomisa related that he was hinted about the corruption by an anonymous being. “They (ANC) continue to bankrupt the country on daily basis,” he cried. And lamented that “it is therefore logical for them to check for another source to advance their looting agenda.”

Hence, he’s demanding of the public protector to conduct an investigation to uncover if the transactions are in accordance with the laws governing the PIC. For according to him, the allegations above are indicating the “need for a thorough and comprehensive investigation of how the PIC is managing all the monies entrusted with them.”

While he opined that a judicial commission of inquiry is necessary  to guarantee that PIC money wasn’t left vulnerable “to the whims of the political elite,” he reminded the public protector that the PIC is the corporation tasked with the responsibility of investing the South African Government Employees Pension Fund.

Relating that the public protector’s office is yet to comment on the issue, News24 reported that the ANC spokesperson, Zizi Kodwa dismissed the allegations with a claim that the UDM was just grandstanding. “He has done so in the past, he’s got a reputation of grandstanding… It’s not surprising,” Kodwa said.

The ANC treasurer general, Zweli Mkhize, equally debunked the allegations as “false and baseless” stating that “the African National Congress has no knowledge of these transactions nor any record of such monies being paid to the organisation,”

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