ANC, Kebble trustees reach settlement

2012-05-04 08:45

The ANC and trustees of Brett Kebble’s estate have reached an out-of-court settlement about a donation the mining magnate made to the party before his death.

“It’s settled. It’s done,” ANC treasurer Mathews Phosa said today.

The ANC would repay the R250 000 Kebble donated to it in 2004, without admitting liability. This was to avoid “enriching the lawyers”, Phosa said.

The case was to have been heard in the South Gauteng High Court today.

City Press reported on Sunday that the trustees argued in court papers that because no value was received in return for the money, it could be reclaimed.

The ANC however, argued in its papers that, “Kebble obtained the benefit of access to political decision makers and lawmakers that would be beneficial to him both directly and indirectly by virtue of its benefits to the companies in which he had an interest”.

His donation further enabled Kebble “to promote for his benefit and that of those companies in which he had an interest”.

The ANC also argued that if Kebble paid the money, his assets exceeded his liabilities immediately after the transaction.

According to the Insolvency Act, donations cannot be made if liabilities exceed assets.

Businessman Kebble was shot dead in September 2005, in an “assisted suicide” carried out by self-confessed hitmen Mikey Schultz, Faizel Smith and Nigel McGurk. 

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Heyneke: Still some loose ends
LIVE: Canada v Romania
Does De Kock's fate await Paige?
Stransky: Meyer too conservative
Traffic Alerts

Are you burning the candle at both ends? Listen to your body and your emotional reactions. Know when to slow down or stop. It is more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.