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:
More from Politics

Minister Jackson Mthembu passes away
In a statement, President Cyril Ramaphosa says Mthembu was an exemplary leader and a life-long champion of freedom and democracy.
Read More
Bandile Masuku says SIU findings have ruined his reputation and his career
Eyewitness News reporter Tshidi Madia gives an update between the former Gauteng MEC and the Special Investigating Unit.
Read More
Why do we have fewer women in public discourse?
Sunday Times deputy features editor Sue De Groot says women express very passionate views about things in safe spaces.
Read More
Report finds unfair racial discrimination evidence by three medical aid schemes
Advocate Tembeka Ngcukaitobi, who compiled the scathing Section 59 report, weighs in on the Section 59 report findings.
Read More
ANC serves Carl Niehaus with notice of suspension
The Umkhonto we Sizwe Military Veterans' Association spokesperson has 48 hours to respond to the letter.
Read More
Ramaphosa: Treasury will make sure money is available for COVID-19 vaccine
President Cyril Ramaphosa said that the country would get 20 million vaccines from a variety of suppliers including Pfizer, AstraZeneca as well as Johnson & Johnson.
Read More
Clement Manyathela and Tshidi Madia speak to the President
Cyril Ramaphosa comments about the war against #Covid19 and plans for our battered economy and the challenges facing the ANC.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read More
Malema willing to be the first one to get COVID-19 vaccine
EFF leader Julius Malema is calling for members to halt political gatherings pending further guidance from government.
Read More
Singh must provide affidavit by Monday after non-appearance at Zondo Commission
Former Eskom CFO Anoj Singh will still have to appear after not testifying as scheduled, says EWN's Gaye Davis. But will he sing?
Read More