So the State Capture Report came out yesterday and i’m guessing pretty much all of you didn’t download the entire 355 pages and probably didn’t read any of it apart from excerpts posted on social media. Besides the obvious fact that it’s likely the biggest scandal to rock South Africa since 1994 you may want to catch up on all the most notable parts so you don’t look like a fool when people discuss it.
So i’ve put together a cheat sheet if you will of screenshots of the most talked about sections of the report that should get you up to speed.
Jonas saying that the Guptas made a lot of money from the state and that the National Treasury was a stumbling block to their ambitions.
Contracts between the SABC and the Gupta owned New Age Newspaper to be investigated.
Number of calls made by Des Van Rooyen while at the Guptas Saxonworld.
The Guptas and Eskom CEO Brian Molefe had a close relationship. The below image is the payments from Eskom to the Gupta owned Tegeta company.
“It appears that the sole purpose of awarding contracts to Tegeta to supply Arnot Power Station was made solely for the purposes of funding Tegeta and enabling Tegeta to purchase shares in OCH (Optimum Coal Holdings).”
She finds furthermore that the Eskom board may have violated the Public Finance Management Act (PFMA) by approving, at a hastily convened after hours meeting, an advance payment of more than R659 million to Tegeta when it emerged that it needed funds to buy out OCH.”
Adv Thuli Madonsela saying that President Zuma repeatedly refused to provide answers to her questions..since March 2016.
Deputy finance minister Mcebisi Jonas revealing how he turned down a R600 million offer as well R600 000 in cash when visiting the Guptas.
Possible international incident as India’s Bank of Baroda is implicated in not picking up suspicious transactions involving Tegeta.
58 calls between Ajay Gupta and Eskom CEO Brian Molefe.
Will add more if i’ve missed any important ones.
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