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By Loyiso Sidimba 
6h ago
Johannesburg – Former group treasurer of the South African Airports Company (Acsa), Phetolo Ramosebudi, on Thursday invoked his privilege not to incriminate himself as he was questioned about the millions of rand he received from the Gupta-linked Capital of Regiments. .
Ramosebudi, who was also the treasurer of the Transnet group between March 2015 and October 2018, when he resigned after receiving a notification to suspend it from the board of the state railway and freight transport company, responded to the Commission’s questions. Zondo Research on the state. Capture stating that he did not want to incriminate himself.
Test leader Matthew Chaskalson SC questioned Ramosebudi about payments totaling almost R4.9 million he received from Regiments Capital.
Ka Ditlou Health Services 202, marketed as Rams Pharmacy, owned by Psychology Ramosebudi, who is his younger brother, also received around R213,000 from Regiments Capital for inspections of their facilities, providing herbal health products, training, a pharmacist and a personal trainer. .
Ramosebudi was paid the money through invoices sent by his companies Riskmaths Consulting, Azana Capital Markets and Venus Liquor Store.
In May 2010, he sent one of Regiments Capital’s directors, Niven Pillay, an invoice for R293 393.10, VAT included, from the Venus Liquor Store.
He denied having provided R250,000 worth of liquor for a Regimental Capital function.
Venus Liquor Store also billed Regiments Capital over R114,000 on the same day for the supply of spirits, beverages and catering, as well as for the venue and conference facilities.
At the time of the payments, Ramosebudi was treasurer of the Acsa group, a position he held between 2007 and 2011.
Ramosebudi denied being grossly negligent in favor of Regiments Capital, but claimed instead that he was just making sure that Acsa gets value for money, when asked by Chaskalson.
He distanced himself from appointing the company to develop a financing plan for Acsa and does not know whether the controversial firm was named through a tender process.
“I have not seen the contract with Regiments Capital, so I cannot say if there was a fixed fee or not,” Ramosebudi said, adding that he did not even know what his mandate was.
Regiment Capital received millions of rand from Acsa during Ramosebudi’s tenure.
The commission continues.
Political Bureau
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