[Thread] The R280m Joburg ‘crime scene’: Okay, this is where things get interesting...
We know that the city of Joburg agreed to ‘gift’ 3ha of prime land to the Regiments Kgoro consortium, but who stood to benefit from the deal?
#Kgoro #CoJ #amaBhungane
We know that the city of Joburg agreed to ‘gift’ 3ha of prime land to the Regiments Kgoro consortium, but who stood to benefit from the deal?
#Kgoro #CoJ #amaBhungane
State capture kingpins Regiments Capital got 76.5%.
2% was given to Sipho Twala, businessman and brother-in-law of Parks Tau, the MMC of finance and economic development, and Joburg’s future mayor.
2% was given to Sipho Twala, businessman and brother-in-law of Parks Tau, the MMC of finance and economic development, and Joburg’s future mayor.
Another 2.5% went to the Transvaal Urban Machinery Investment Trust, an opaque trust that takes its name from an Umkhonto we Sizwe military operation.
The trustees and beneficiaries remain a mystery but we know the trust received at least R3m when it sold its shares.
The trustees and beneficiaries remain a mystery but we know the trust received at least R3m when it sold its shares.
But were there other “strategic partners” hiding in the deal?
Read part 2 of @amaBhungane’s three-part #Kgoro investigation: amabhungane.org/stories/211110… @sajournalist
Read part 2 of @amaBhungane’s three-part #Kgoro investigation: amabhungane.org/stories/211110… @sajournalist
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