Nene credibility called into question over son's PIC involvement

The Mail&Guardian and amaBhungane reported in 2014 that, Siyabonga Nene, the son of Nhlanhla Nene, asked the Public Investment Corporation (PIC) to fund a major investment S&S Refineries, a Mozambique-based oil company.

It reports Nene and businessman Amir Mirza were directors of Indiafrec Trade and Investment.

READ: 'Were the ANC top-6 part of the decision to fire Nhlanhla Nene?'

At the time of this occurrence, Nhlanhla Nene was Deputy Finance Minister and Chairperson of the PIC.

How does this fit into the puzzle of corruption allegations against Minister Nhlanhla Nene?

Investigative Journalist at the Mail & Guardian, Sabelo Skiti, says we all heard the Finance Minister and he was speaking to the rumours doing the rounds on social media.

He has got his theories about the origins and what they wanted to achieve those who circulated these WhatsApp messages.

Sabelo Skiti, Investigative Journalist at the Mail & Guardian

The story itself then explains probably why you would have heard these rumours in the first place. It looks at a transaction that was proposed by a company in which minister Nene's son Siyabonga is a partner and director with the PIC at the time where Nene was deputy finance minister and chairman of the PIC as well as the time he then becomes finance minister.

Sabelo Skiti, Investigative Journalist at the Mail & Guardian

He adds that if you look at these salient facts, there was very little transparency in as far as any declarations of relationships within the PIC.

Listen here to the full interview:


Recommended

by NEWSROOM AI
Read More
Zuma nearly spent all state budget on nuclear deal - Sikonathi Mantshantsha

Zuma nearly spent all state budget on nuclear deal - Sikonathi Mantshantsha

Deputy Editor at Financial Mail, Sikonathi Mantshantsha, explains how the cost of nuclear was going to cost SA's annual budget.

Nene reveals chilling details at the Zondo Commission of Inquiry

Nene reveals chilling details at the Zondo Commission of Inquiry

amaBhungane's Sam Sole says it is scary to see how close South Africa came to signing away its sovereignty

'Were the ANC top-6 part of the decision to fire Nhlanhla Nene?'

'Were the ANC top-6 part of the decision to fire Nhlanhla Nene?'

Ray White (on The Money Show) interviews EWN Editor-In-Chief Mahlatse Mahlase.

Zondo Commission: Nhlanhla Nene met with the Guptas four times

Zondo Commission: Nhlanhla Nene met with the Guptas four times

The EFF has accused Finance Minister Nhlanhla Nene of being captured by the Guptas days before he testified before the commission

 Nene takes the stand at the Zondo Commission, EFF says he must come clean

Nene takes the stand at the Zondo Commission, EFF says he must come clean

Casac Executive Secretary Lawson Naidoo says there isn't any real evidence behind the EFF's allegations at the moment.

The Sars lawsuit was hard on me and my family - Adrian Lackay

The Sars lawsuit was hard on me and my family - Adrian Lackay

Former Sars spokesperson Adrian Lackay says he is relieved that the R12 million civil suit against him has been dropped.

Holomisa vows to 'nail down' PIC looters amid reports Matjila wants a payout

Holomisa vows to 'nail down' PIC looters amid reports Matjila wants a payout

UDM leader Bantu Holomisa says his party will oppose in court if the board recommends a golden handshake for the PIC boss.

ICYMI: Who is Deputy Chief Justice Zondo?

ICYMI: Who is Deputy Chief Justice Zondo?

The country got a glimpse into Zondo's integrity and financial struggles to get to where he is today in a 2017 interview.

The country owes whistleblowers a huge debt for #Guptaleaks

The country owes whistleblowers a huge debt for #Guptaleaks

Two whistleblowers known as Stan and John lifted the hard drives containing the Gupta leaks.

Lawyer testifies on 300 000 emails known as the "Gupta Leaks"

Lawyer testifies on 300 000 emails known as the "Gupta Leaks"

Currin's identity was kept secret until he took the stand on Thursday to protect whistle blowers.

'People have found it easier to settle into a system without qualifications'

'People have found it easier to settle into a system without qualifications'

It was revealed that more than half the country’s municipal managers don't have the minimum competency levels to do their jobs.

Zondo Commission: Zwane basically threatened banks for not attending meetings

Zondo Commission: Zwane basically threatened banks for not attending meetings

Eyewitness News reporter Bonga Dlulane gives an update of the Zondo commission into state capture where Nedbank was testifying.

Bheki Cele confirms arrest of suspect in Sindiso Magaqa murder case

Bheki Cele confirms arrest of suspect in Sindiso Magaqa murder case

The former ANC Youth League general secretary was shot in July 2017. Cele says one man is in custody for the crime but he’s expecting more arrests.

'Government has no plan to get the country out of recession'

'Government has no plan to get the country out of recession'

Sikonathi Mantshantsha says South Africans will have to get themselves out of this mess because there is no plan from the government.

[LISTEN] Gigaba, Nene and Judge Davis appear before the Nugent Commission

[LISTEN] Gigaba, Nene and Judge Davis appear before the Nugent Commission

Finance Minister Nhlanhla Nene explained why he gave commissioner Tom Moyane the blessing to restructure Sars.

Nene announces plans to establish inquiry into the PIC

Nene announces plans to establish inquiry into the PIC

Finance Minister Nhlanhla Nene met with the board on Wednesday to discuss governance issues at the state-owned fund manager.

'Gag order' against Holomisa will not make bad publicity go away - Karyn Maughan

'Gag order' against Holomisa will not make bad publicity go away - Karyn Maughan

The court ordered Holomisa to stop repeating corruption claims implicating Lebashe Investment Group and other PIC associates.

Court gags Holomisa over PIC corruption claims

Court gags Holomisa over PIC corruption claims

The Pretoria High Court has granted a gag order against UDM leader Bantu Holomisa over PIC corruption claims against Lebashwe.

Popular articles
ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

BBC World News journalist, Lerato Mbele-Roberts shares a personal story of her experience at her Alma Mater (St Mary's School).

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

On the #WeekendBreakfast with Africa Melane, Zolani Mahola of Freshlyground tells us all about her first solo project.

Stormy weather expected over parts of South Africa

Stormy weather expected over parts of South Africa

The South African Weather Service is predicting some much-needed rain over some parts of South Africa over the weekend.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Finacial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested in the VBS saga.

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Private eye Paul O'Sullivan says the Sunday Times was an integral part of state capture and needs to come clean or face a boycott.

[WATCH] Sing with us: 'I can feel it coming  in the deer tonight'

[WATCH] Sing with us: 'I can feel it coming in the deer tonight'

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.