Corruption battered South Africans who care for our country need to sit up & listen what @dailymaverick & @amabhungane are telling us about this #Karpowership deal:
1. Rival bidder claims Turkish Karpowership's deal with SA gov is marred with illegalities & corruption;
1/
2. Energy analysts say the “emergency” 20yr R200-BILLION #Karpowership deal is insane & we are overpaying;
3. Environmentalists are warning of disastrous maritime consequences;
2/
4. Maritime lawyers warn that we don't have the physical space at ports to berth five floating power ships for 20yrs;
3/
5. While we dither, #Karpowership is hustling. Already tried to dodge mandatory environmental impact assessment process. Exemption was quashed by Barbara Creecy after it was exposed by @dailymaverick;
Excellent work by Tony Carnie, highlighting above: google.com/search?client=…
4/
6. Now @Dailymaverick got hold of info revealing #Karpowership asked Fikile Mbalula to dodge a regulatory requirement to circumvent normal approval processes on the grounds that SA need power ships to 'promote the national, strategic or economic interests of the Republic'
Fikile Mbalula says #Karpowership's attempt to dodge regulatory requirements AGAIN will be discussed with Cabinet - Tony Carnie for @dailymaverick tells you what you need to know: dailymaverick.co.za/article/2021-0…
7/
7. Meantime, @amabhungane tells us 2 businessmen linked to Gwede Mantashe & his wife has met with a tender bidder at a restaurant amidst corruption allegations. What are two businessmen doing in discussions re a deal they're supposedly not involved in? dailymaverick.co.za/article/2021-0…
8/
SA cannot afford R200BILLION on emergency power from #Karpowership over the next 20yrs.There are alternatives.
Definitely not while our children lack proper facilities at schools, while unemployment hasn't hit bottom & while we struggle to eradicate corruption.
Sit up & speak up.

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More from @PaulivW

25 Jun 20
Just in: A manager at Merafong Municipality in Jhb #ThysWienekus was arrested in connection with #VBS this morning. He will be charged with 1 count of contravening s173(3) of the Municipal Finance Management Act.
This is the first arrest in the #VBS Municipal investigations leg.
#ThysWienekus was later appointed as CFO of Merafong Municipality & may have been grossly negligent when he made a R50m investment with #VBS in contravention of the MFMA.
He acted on the instructions of(Screengrab is s173(3) of MFMA - what #Wienekus is charged with)
#NPA's charge sheet says #ThysWienekus made R50m investment in #VBS on instruction of Municipal Manager #RomeoMohaudi, despite knowing investments with VBS were not permitted.
It seems that #Wienekus may be used as state witness against Mohaudi and in this leg of investigations.
Read 7 tweets
18 Jun 20
#VBSArrests
A thread on why some arrested in the #VBS case admitted guilt before adv #Terry#Motau and Werksmans, but told the court today they will plead “not guilty”,
and why the amounts on the indictment is different from the amounts they actually received.
#TshifhiwaMatodzi & #AndileRamavhunga are the only accused who steadfastly denied before #Motau that they were not guilty of the #VBS bank heist. They told the court today they will plead "not guilty" and asked for bail. (@van1go is reporting on magistrate Nemavhidi's decision)
Testifying before Motau, #PaulMagula, #ErnestNesane, #PhilipTruter, #PhlaphalaRamikosi & #PhophiMukhodobwane confessed to some wrongdoing. #SiphoMalaba seemed to not have actually confessed, but his problem is that he signed off on #VBS' positive AFS and lied to the SARB.
Read 12 tweets
17 Jun 20
#VBS' chair #TshifhiwaMatodzi is one of 8 arrested relating to the fleecing of the bank. I wrote about his role here, and showed how he ordered money to be paid to the #EFF leaders' front company as "lobbying fees" & because the account was "strategic". dailymaverick.co.za/article/2020-0…
The #PIC appointed #ErnestNesane & #PaulMagula to guard their investment in #VBS. They rather helped to cover the black hole & took millions of poor people's money for themselves. Wrote about them here: dailymaverick.co.za/article/2019-0…
#PhilipTruter was instrumental in the #VBS scam and worked closely with #PhophiMukhodobwane and #TshifhiwaMatodzi, WhatsApp messages show. I wrote about Truter's part here: dailymaverick.co.za/article/2020-0…
Read 5 tweets
17 Jun 20
#VBS robbery: First arrests
8 men have been arrested early on Wednesday morning in connection with the theft of R2,7-billion at VBS Mutual Bank in around 2015 to 2018.
#VBS
NPA issued a racketeering certificate in which the group is accused of being instrumental in fleecing the bank's resources & its ultimate implosion. Will be prosecuted for a range of allegation, including racketeering, corruption, money laundering, fraud.
4 bankers, 2 officials from PIC, a KPMG auditor & a ltgenl in SAPS have been arrested in connection with their instrumental role in the theft of over R2,7-billion from #VBS Mutual Bank, a bank mainly catering for the poor. This group includes 4 chartered accountants & an attorney
Read 9 tweets

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