ANCYL lands a lucrative contract

2010-05-02 09:10

A printing company linked to the ANC Youth League (ANCYL) and

partly owned by the league’s national executive committee member Ali Boshielo

has landed a crucial printing contract with the Limpopo government.

A letter from the Government Printing Works sent to Review Printers

shows that the company was awarded the contract in March for “printing and

supplying of general full-colour work in the Limpopo province for a period of

one-year commencing April 1 2010 and terminating March 31 2011”.

Documents in the possession of City Press show that the ANCYL’s

investment vehicle – the South African Youth Development Trust – holds a stake

of 30% in Review Printers.

Boshielo and former Lembede Investment Holdings chief executive

Lonwabo Sambudla were appointed directors of the company in 2008. Boshielo, a

close ally of league president Julius Malema, is also a board member of

Lembede.

But this week, founder of Review Printers Ben de Jager said he sold

80% of the company to Boshielo and his partner, Limpopo businessman Selbie

Manthata, in January.

De Jager said the sale went through after months of negotiations

and he decided to keep 20% of the company. He is also the managing

director.

However, De Jager said he was not aware that the ANCYL owned a

share of the company.

“I was the previous owner and sold it to a black company called

Mercurytech. I can’t say who owns Mercurytech but the people I deal with are a

Mr Boshielo and a Mr Manthata,” he said.

Boshielo was part of a Lembede board meeting which resolved that

board members should be compensated by owning a 30% stake in all deals signed

during their term.

At the same meeting last year, Sambudla – who later resigned from

Lembede – gave a detailed list of the shareholdings. One of the companies on the

list in which the league owned stakes was Review Printers.

Boshielo could not be reached.



Join the conversation!

24.com 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.

24.com 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
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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 24.com network.

Settings

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.