Julius gives up his SGL directorship

2010-03-31 16:04

ANC Youth League (ANCYL) president Julius Malema has now officially asked the Companies and Intellectual Properties Registration Office (Cipro) to de-register him as one of the directors of SGL Engineering Projects.

The move comes more than a month after he publicly denied any association with the Limpopo-based engineering company.

He also claimed Cipro had failed to remove his name from SGL’s list of directors despite having long been asked to do so.

At the time, however, Malema could not produce any documentary evidence to proof he had asked for any de-registration.

Despite having initiated the de-registration process, the ANCYL boss still denies he ever owned 70% of SGL as recently reported by City Press.

At a meeting he requested with the paper’s editors in Johannesburg today, attended also by the league’s national spokesperson Floyd Shivambu and treasurer Pule Mabe, Malema sought to prove his claims that he had nothing to do with SGL.

He produced letters of correspondence exchanged this week between his lawyer, Tumi Mokwena, and Cipro over the removal of his name from the company’s list of directors.

“This is to certify that we have received your electronic submission of the CM29 document on 3/29/2010 9:13:46 AM. Your electronic lodgment has been referenced as # 78754372,” read part of a letter of acknowledgment from Cipro to Mokwena.

It is not clear when Malema’s request for de-registration would be affected.

Cipro could not be reached for comment.

The ANCYL boss’ anger towards Cipro was prompted by City Press reports that he owned 70% of SGL, which did shoddy work in Limpopo after winning at least R154 million worth of tenders from several municipalities in the past two-years.

We also reported that some of the multi-million rand roads and bridges the company built collapsed within months of completion.

Malema has called for SGL “to be taken to task” if it does shoddy work.

He said Lesiba Gwangwa, who owns 30% of SGL, was just a “friend” he met during one of his engagements with ANC structures.

The youth leader defended the right of ANCYL leaders to get involved in business, saying they were not public representatives.

“You are making a mistake,” Malema told City Press editors.

“We are not public representatives. We are leaders of a non-organisation organization, an NGO.”




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