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Makhubo has told the state capture commission that Molelwane and the regimental capital of companies linked to Gupta signed an agreement with the city of Joburg in 2005, three years before he became ANC treasurer in Johannesburg.
New mayor of Joburg, Geoff Makhubo. Image: Sethembiso Zulu / EWN.
JOHANNESBURG – Joburg Mayor Geoff Makhubo said he wanted to leave his Molelwane company when it became MMC for Finance, but the resignation process took longer than expected.
Makhubo told the state capture commission that Molelwane and the Gupta-linked company Regiments Capital signed an agreement with the city of Joburg in 2005, three years before he became treasurer of the African National Congress (ANC) in Johannesburg.
He took the stand on Friday after being implicated in an alleged conflict of interest.
Previous witnesses have accused him of using his company to facilitate the transfer of illicit payments intended for him and other ANC officials.
The commission has presented Makhubo with records showing that his company received a cumulative R35 million from the Regiments with some of those funds directed to his personal account.
It has not yet confirmed the accuracy of these records, but has confirmed that Molelwane was still paid 10% of the Regiment fees, even though it was already Finance MMC.
He said this was part of the initial agreement: “It is a common cause that continued until 2015 due to an injunction on the second award by a certain company.”
LISTEN: Geoff Makhubo worked more for Guptas than for City of Joburg – Mashaba
WATCH LIVE: State Capture Consultation, November 27, 2020 Part 2
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