State Capture Inquiry

Bosasa: Angelo Agrizzi spills his guts to stay out of jail

A screengrab of former Bosasa chief operations officer Angelo Agrizzi giving testimony at the Zondo Commission on 16 January 2019.

Agrizzi will give us unparalleled insight into the Bosasa world – intrigue, fast cars, cash and shady meetings in upmarket hotels. It’s a story fit for the big screen. And thanks to the state capture commission, South Africa will have a front row seat.

Kyle Cowan, News24

Dozens of senior officials, including Members of Parliament, Ministers and former President Jacob Zuma himself, are being implicated in a corrupt relationship with Bosasa (now known as African Global Group), a firm owned by the Watsons, an ANC luminary family.

The company’s shenanigans go way back, but it became a household name in South Africa after it became known that its CEO, Gavin Watson, donated R500 000 to Cyril Ramaphosa’s campaign to become ANC President.

Now former Bosasa COO Angelo Agrizzi - Watson’s closest associate for 17 years - is spilling the beans at the Zondo commission of inquiry into State Capture.

Bosasa was founded in 1999 (when it was called Dyambu Holdings).

At the time, according to News24, its shareholders included Lindiwe Sisulu, Baleka Mbete, Girlie Pikoli, Nosiviwe Mapisa-Nqakula and Nomvula Mokonyane.

The Money Show’s Bruce Whitfield interviewed Kyle Cowan, an investigative journalist at News24.

Cowan published an article on Agrizzi's testimony on Wednesday.

Listen to the interview in the audio below (and scroll down for quotes from it).

It’s the kind of access that prosecutors dream of!

Kyle Cowan, News24

It [Bosasa/African Global Group] is now a multi-billion rand tender machine…

Kyle Cowan, News24

He [Agrizzi] is trying to stay out of jail… If he is anything less than honest the Court won’t grant him indemnity… A team of investigators will fact-check… If he lies, he’ll be caught out faster than you can say ‘liar’…

Kyle Cowan, News24

There was an intricate scheme to get cash out of the legitimate business to pay bribes… for an auditor to miss this; I don’t think it was an accident.

Kyle Cowan, News24

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