Secret letter to Thabo

Secret letter to Thabo

Report reveals how ANC secret service scuppered recovery of R200bn-worth of apartheid-era loot.

Nearly two decades after the South African government was briefed on how extensive the dying apartheid-era’s looting was, nothing has yet has been recovered.

What is known on this matter is largely the result of the secret Ciex Report, dubbed Project Spear, which was completed in 1999 on instruction of then deputy president Thabo Mbeki and the head of the South African Secret Service, Billy Masetlha. In it, the London-based investigations company, headed by former senior British intelligence officer-turned-consultant Michael Oatley, provided the government with an itemised blueprint on how to reclaim the hidden money.

Since then South Africans have watched how this matter, with approximately R200 billion believed to have been stolen, has been pushed from one hearing to another; each saying the same thing – the state was looted but going after the perpetrators is too risky and costly. ...

Legal hanky-panky at Master's office

Legal hanky-panky at Master's office

It is widely believed in legal circles that bribery and corruption pervade the Master’s office, the division of the Department of Justice that deals with deceased estates and insolvencies.

Tamsanqa Moya’s two buses plied the 860km run between Johannesburg and Bulawayo, Zimbabwe – a nice little business. Until, that is, he decided to expand his fleet with the addition of two luxury coaches from China, 55-seaters, with reclining seats and air conditioning that would take his business to a new level.

The deal was arranged by a 53-year-old Joburg businessman Mahomed Saloojee who represented a close coroporation owned by his wife which supplied Combis to the taxi industry. “Tami” Moya paid R1.3 million for the coaches into the cc’s account at FNB. But when he contacted Shenyang Brilliance Jinbei Automobile in Shenyang five months later regarding progress on his order, he was shattered to be told that the Chinese company does not make coaches and they had not received his R1.3m.

Dr Munsamy, I presume

Dr Munsamy, I presume

He’s been called ‘A crook and a fraudster. An animal and a disgusting waste of skin and bones’.

In July last year, notorious Czech fugitive and gangster Radovan Krejcir stood in the dock in the Johannesburg Magistrate’s Court in connection with a money-laundering scam that defrauded the Central Bank of Swaziland of R7.6 million. Next to him stood his three co-accused – a prominent Gauteng businessman, Nico Oosthuizen, a relatively innocuous individual called Keith Bain and a Dr Mahendran Munsamy.

There have been several postponements since, and their next court appearance was scheduled to take place shortly after Noseweek went to press.

The world knows about Krejcir – but where had we heard of Dr Munsamy before? A bit of research revealed that the wealthy, suave medical doctor with a portfolio of lavish properties, from Hyde Park to Sandhurst, Johannesburg, has previously featured in a variety of elaborate, convoluted and allegedly criminal schemes involving South African banks and petroleum companies, a corrupted bank manager and the criminal underworld.

OUTsurance's Youi hooey

OUTsurance's Youi hooey

For misleading consumers with ambush sales tactics, OUTsurance’s wholly-owned New Zealand subsidiary, Youi, was fined NZ$320,000 (R3.08 million) in the Auckland District Court in December. The NZ Commerce Commission had filed 15 sample charges relating to misrepresentations made to consumers by Youi salespersons between July 2014 (when the insurer opened shop) and February 2016. The South African-owned insurer pleaded guilty to charges...

Draining Tshwane's swamp

Draining Tshwane's swamp

Mayor Solly Msimanga wants to focus on service delivery.

"We knew there were things that we knew and then there were things that we knew we didn’t know. Now I am finding out that we didn’t know what we would never have guessed. These are the things that are coming out right now,"
Solly Msimanga,
Executive Mayor, City of Tshwane


Since August last year the City of Tshwane’s metro municipality and its DA mayor, Solly Msimanga, have decorated many pages in Noseweek, which has exposed a litany of fraud and corruption left behind by the previous (ANC) regime and its ever-so greedy cohorts.

Shortly after being sworn in, Msimanga was confronted with the so-called shoe polish scandal. Tens of thousands of small tins of Kiwi shoe polish had been ordered over the years at three times the retail price and nobody was able to say why and for whom. Also stocked up in excess in the city’s warehouses were household cleaning products like Surf and Handy Andy – purchased by the thousand in the smallest packaging available but sold to the municipality at a 100% mark-up on the wholesale price. The most shocking was the energy saving globes that Tshwane purchased at R300 each, while Makro was selling the same items for R79 each.

Another year in Pondoland

Another year in Pondoland

They may not officially be married, but everyone can see SANRAL and the Australian mining company are having an affair.

One year ago, near the picturesque Wild Coast village of Mdatya, while the soothing strains of the Christmas carol Silent Night, Holy Night were still echoing tidings of goodwill and peace to all humankind, another child was born in the early hours of New Year’s morn. 

Akolwa Ndovela came into the world, not in a stable but under a Waterberry tree where her mother was hiding with her older siblings, having been chased out of their home by armed thugs intent on clearing the way for MRC Ltd, an Australian mining company, and their local BEE partner Xolco to mine their ancestral lands for titanium.

Arrests were made, but that did not end the conflict. 

2017: A year of living dangerously

2017: A year of living dangerously

Futurist Daniel Silke’s crystal ball reveals dramatic  probabilities for SA – and he argues that the ratings downgrade threat is teaching the government valuable lessons. 

The constant threat of a ratings agency downgrade was the best thing that could have happened to South Africa during 2016. “It was like a Sword of Damocles hanging over our heads all year and it kept us on our toes,” said Daniel Silke, the Cape Town futurist, political analyst and sought-after keynote speaker to blue-chip companies.

“The penny dropped and, even though the buy-in was not a hundred percent, the connection between delivery and more stable, prudent and globally acceptable policies became a glaring reality for our government, one which they had no option but to heed.

Not rocket science

Not rocket science

Medicinal cannabis. Beyond the anecdotes.

I have a special hairdresser we will call Bongo Man. He wears a giant woollen beanie over his labyrinthine locks. A professional. Proud of his work. The only person I trust to handle my own dreadlocks.

The stereotype that people like myself and Bongo Man are regular weed smokers could not be further from the truth, in my case. I have a Christian mother who once gave me a good hiding for holding an imaginary cigarette against my mouth.

Bongo Man is proud of his association with the plant and believes strongly in its many benefits, both medical and recreational. In many a session, we’ve discussed the possibility that this drug may soon (hopefully) be legalised in South Africa.

Wild idea. Shy-making

Wild idea. Shy-making

Attracting the most attention at the Art Gallery of New South Wales in Sydney – alongside Rodin’s The Kiss and works by Hockney, Picasso and Lucian Freud among others – is the much larger-than-life and hyper-realistic sculpture, Wild Man, by Australian Ron Mueck, which is part of the London Tate’s blockbuster collection of over 100 nudes on show. It is a strangely touching and almost embarrassing figure: a man looking startled on the edge of his chair, naked and defenceless among crowds of dressed people in a well-lit room.

Taxman has another go at Teflon Two

Taxman has another go at Teflon Two

Durban’s most flamboyant couple Shauwn and S’bu Mpisane, who have financed their high-flying lifestyle primarily through not paying taxes on their earnings from the lucrative government tenders, are now desperately trying to hide assets as the taxman hovers with claims totalling nearly a quarter of a billion rand.

According to court papers filed by SARS at the High Court, Durban, in November, the couple and their companies owe “in excess of R204 million”, most of it being part of a settlement agreement reached in 2014 with the tax authority.

SARS obtained the order in chambers in the North Gauteng High Court from Deputy Judge President Audrey Ledwaba and, in Durban, from Judge Rashid Vahed.

Of the total claimed, Shauwn owes R57m, but SARS is going after the two jointly, as they are married in community of property.

US expands VW emissions scandal

US expands VW emissions scandal

Some of Volkswagen, Germany’s top executives may find it too risky to leave Germany as US prosecutors prepare to charge more company officials. Oliver Schmidt, a senior  VW executive, was arrested in Miami in early January as he was returning to Germany from vacation. He faces charges of misleading regulators about the automaker’s diesel-emissions cheating devices.

Bloomberg reports that US prosecutors are preparing to charge more high-level German-based executives in the case, a source familiar with the matter said. Schmidt’s arrest caught many VW executives by surprise, including some who were attending an auto show in Detroit early in January.

Binary options: lawyers to sue

Binary options: lawyers to sue

London law firm Giambrone is preparing litigation against Banc de Binary (see nose206), according to a recent report on binary options’ website, Finance Magnates. The firm is reported to be investigating numerous complaints by victims of Banc de Binary’s fraudulent binary options trading, and is negotiating with a City of London litigation hedge fund to finance litigation aimed at recovering their losses.

When, oh when do we see JCI's accounts?

When, oh when do we see JCI's accounts?

Why hasn’t the JCI published audited annual financial statements since 2012? Noseweek has been asking that question for years, most recently in September 2016. Through the years JCI’s director ...

Classified ads #208 February 2017

Classified ads #208 February 2017

FOREIGN HOLIDAY ACCOMMODATION ♦ LOCAL HOLIDAY ACCOMMODATION ♦ LOCAL PROPERTY FOR SALE ♦ FOR SALE ♦  SERVICES ♦ COURSES, TUITION & COACHING ♦ WANTED ♦ LEGAL, INSURANCE & FINANCIAL ♦ TRAVEL AND LEISURE ♦ PERSONAL

The Hate Bill hates us

South Africa is on the brink of enacting a Bill that could make it a criminal offence to offend.

If there was ever a moment when the country was heading towards a future where thought was controlled and legislated by the State, the Prevention and Combating of Hate Crimes
 

Heroic doctors' torment

Heroic doctors' torment

Dedicated medics hounded by self-serving politicians. Mseleni Provincial Hospital is in the sticks in a distant corner of northern KwaZulu-Natal, yet this remote state hospital is renowned in specialist medical circles for its ...
 
Secret letter to Thabo

Secret letter to Thabo

Report reveals how ANC secret service scuppered recovery of R200bn-worth of apartheid-era loot. Nearly two decades after the South African government was briefed on how extensive the dying apartheid-era’s looting was, nothing has yet ...

Legal hanky-panky at Master's office

Legal hanky-panky at Master's office

It is widely believed in legal circles that bribery and corruption pervade the Master’s office, the division of the Department of Justice that deals with deceased estates and insolvencies. Tamsanqa Moya’s two ...

Dr Munsamy, I presume

Dr Munsamy, I presume

He’s been called ‘A crook and a fraudster. An animal and a disgusting waste of skin and bones’. In July last year, notorious Czech fugitive and gangster Radovan Krejcir stood in the dock in the ...

OUTsurance's Youi hooey

OUTsurance's Youi hooey

For misleading consumers with ambush sales tactics, OUTsurance’s wholly-owned New Zealand subsidiary, Youi, was fined NZ$320,000 (R3.08 million) in the Auckland District Court in December. The NZ Commerce Commission had filed 15 ...

Draining Tshwane's swamp

Draining Tshwane's swamp

Mayor Solly Msimanga wants to focus on service delivery. "We knew there were things that we knew and then there were things that we knew we didn’t know. Now I am finding out that ...

Another year in Pondoland

Another year in Pondoland

They may not officially be married, but everyone can see SANRAL and the Australian mining company are having an affair. One year ago, near the picturesque Wild Coast village of Mdatya, while the soothing strains ...

2017: A year of living dangerously

2017: A year of living dangerously

Futurist Daniel Silke’s crystal ball reveals dramatic  probabilities for SA – and he argues that the ratings downgrade threat is teaching the government valuable lessons.  The constant threat of a ratings agency downgrade ...

Not rocket science

Not rocket science

Medicinal cannabis. Beyond the anecdotes. I have a special hairdresser we will call Bongo Man. He wears a giant woollen beanie over his labyrinthine locks. A professional. Proud of his work. The only person ...

Wild idea. Shy-making

Wild idea. Shy-making

Attracting the most attention at the Art Gallery of New South Wales in Sydney – alongside Rodin’s The Kiss and works by Hockney, Picasso and Lucian Freud among others – is the much larger-than-life and ...

Taxman has another go at Teflon Two

Taxman has another go at Teflon Two

Durban’s most flamboyant couple Shauwn and S’bu Mpisane, who have financed their high-flying lifestyle primarily through not paying taxes on their earnings from the lucrative government tenders, are now desperately trying to ...

US expands VW emissions scandal

US expands VW emissions scandal

Some of Volkswagen, Germany’s top executives may find it too risky to leave Germany as US prosecutors prepare to charge more company officials. Oliver Schmidt, a senior  VW executive, was arrested in Miami ...

Binary options: lawyers to sue

Binary options: lawyers to sue

London law firm Giambrone is preparing litigation against Banc de Binary (see nose206), according to a recent report on binary options’ website, Finance Magnates. The firm is reported to be investigating numerous complaints ...

When, oh when do we see JCI's accounts?

When, oh when do we see JCI's accounts?

Why hasn’t the JCI published audited annual financial statements since 2012? Noseweek has been asking that question for years, most recently in September 2016. Through the years JCI’s directors and auditors KPMG have stated from ...

Classified ads #208 February 2017

Classified ads #208 February 2017

FOREIGN HOLIDAY ACCOMMODATION ♦ LOCAL HOLIDAY ACCOMMODATION ♦ LOCAL PROPERTY FOR SALE ♦ FOR SALE ♦  SERVICES ♦ COURSES, TUITION & COACHING ♦ WANTED ♦ LEGAL, INSURANCE & FINANCIAL ♦ ...