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By Samkelo Mtshali 
19h ago
Johannesburg – Shocking revelations emerging from the Zondo Commission of Inquiry on Friday revealed that a company whose sole signatory is the Mayor of Johannesburg, Geoff Makhubo, had received up to R35.7 million obtained through contracts with the City between 2008 and 2016.
The money came from 10% fees paid by Regiments Capital, a company hired by the City to manage its Sinking Fund in 2006, to Makhubo’s business, Molelwane Consulting.
Between 2008 and 2016, Makhubo had served as the ANC’s Johannesburg region treasurer.
Molelwane Consulting had also conducted business with the City between 2005 and 2011 before becoming a public representative in May 2011 after being appointed as MMC for Finance in May 2011.
Between 2005 and 2011, Makhubo told the chairman of the commission, the vice president of the Supreme Court, Raymond Zondo, and the advocate for the evidence leader, Matthew Chaskalson, who had been a common citizen, he was allowed to do business with the government, but he resigned from the leadership of Molelwane Consulting “and all other companies” in November. after choosing to join the public service.
Referring to the sworn evidence in Makhubo’s statement to the commission, Chaskalson said that the now-Johannesburg mayor had seen no conflict of interest.
Reading Makhubo’s affidavit, Chaskalson said: “There was never a conflict of interest as the term of Molelwane’s agreement on the first Sinking Fund would have expired in January 2011, the year I took office. Molelwane Consulting did not continue to provide services on the second contract because it did not participate in the RFP (Request for Proposal).
“In addition to this, I declared all my private interests when taking public office as required by law, in addition to this, I subsequently resigned as a member of Molelwane Consulting and director of all other companies in November 2011. This was in line with my decision to use my skills as a public representative. “
However, despite his resignation from Molelwane, Makhubo kept his 67% stake, and the remaining stake was in his mother’s name despite the fact that Molelwane’s contract with the municipality was extended in 2015, the city was informed. commission.
Political Bureau
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