TWO-FACED

2011-08-06 18:20

Today we can reveal exactly how Julius Malema’s family trust benefits from multimillion-rand government tenders awarded in Limpopo, even though Malema has claimed that the trust receives only charitable donations.

While Malema publicly fights for the nationalisation of state assets, he is privately benefiting from state functions that have been privatised in outsourcing arrangements.

City Press can reveal that a private company, in which Malema’s Ratanang Family Trust owns a share, is cashing in on Limpopo road tenders it is supposed to manage.

On-Point Engineers (Pty) Ltd was awarded a R51-million tender by the Department of Roads and Transport in 2009 to design, manage and run projects in the province.

On-Point’s involvement in state tenders doesn’t stop there. The company also signs confidential “back-to-back” agreements with successful contractors, giving it a share of between 50% and 90% of the profits of tenders it helped to award.

The details of these back-to-back agreements are contained in confidential memorandums of understanding signed between On-Point and its contractors.

What’s more, these confidential agreements prohibit any party from divulging any information about the tenders, even to the Treasury, violating constitutional provisions of transparency.


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