News24

ANC, Kebble estate reach settlement

2012-05-04 11:10

Johannesburg - The ANC and trustees of Brett Kebble's estate on Friday morning 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.

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 in Johannesburg on Friday.

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 apparent "assisted suicide" carried out by self-confessed hitmen Mikey Schultz, Faizel Smith and Nigel McGurk.

Comments
  • placebo.effect - 2012-05-04 11:16

    The ANC basically admit to corrupt practices because they know there is no one to bring them to account. The judiciary is already hamstrung and covered with ANC parasites.

      Rob - 2012-05-04 12:54

      And you miss the point completely. You have received 35 thumbs up, not because of the accuracy of your comment but becuase you had 3 critical words. ANC, Corrupt and parasites. Well done, you've managed to misinform 35 people.

      Morné - 2012-05-04 13:24

      I'm missing your point Rob. What are you on about? Are you accusing all the readers that gave Placebo a 'thumbs up' of being sheeple? Is it of no concern to you to that a political party openly admits to receiving money in return for business favors? There! I did not use any of the three words that apparently gets auto-thumbed. Wonder if I will still manage to misinform another 35 people?

      Rob - 2012-05-04 14:24

      @Morne - Point proven ?

      Jenny Gary - 2013-10-30 09:54

      "as Joyce explained I am in shock that someone can get paid $4001 in 4 weeks on the internet. have you read this web site ao.co.za/B27SE2 "

      Abram Russel Baloyi - 2013-10-30 10:12

      u r telling a lie the judiciary belongs to the DA,check court cases that the DA took to court against the government or the anc. When the Dom Alliance of the DA and Hellen susman foundation takes a case to court we already know they will win

      Grant Montgomery - 2013-10-30 10:49

      @Baloyi. You've just made it clear that the ANC are always in the wrong! You say you know the DA will always win a case even though the odds are stacked against them as the judiciary is appointed by the ANC government.

  • Koos - 2012-05-04 11:19

    They rather pay up before the rest comes out.

  • Gordon - 2012-05-04 11:27

    So how much does it cost to have access and gain enough influence of ANC politicians to win a decent size tender?

      Felix - 2012-05-04 11:32

      I'm sure Juju will be informing us shortly when he opens the can of worms on Limpopo.

      Sharon - 2012-05-04 13:06

      @ Gordon - technically it shouldn't cost anything. See here is how I think it works: You give someone in power a "donation", and submit your quote. The "donation" is loaded onto the quoted price. You get the job, and the cost (including the donation) is paid out of tax money. Once again it is the tax payers that get the short end of the stick...

  • Geswine - 2012-05-04 11:53

    The ANC and the word "trust" in the same sentence lol

  • Andrew - 2012-05-04 12:12

    No doubt to cover more nebulous arrangements. Scumbags the whole lot. Thank god he is dead.

  • Phelamanga - 2012-05-04 12:17

    Just the tip of the iceberg. A lot more will come out in the near future.

  • Fussed - 2012-05-04 12:38

    This was to avoid "enriching the lawyers", Phosa said What a joke.

  • Jacqui - 2012-05-04 12:39

    Enriching the lawyers!!!! Rather enrich ourselves, that's what we know how to do brilliantly. Get a life.

  • Denzil - 2012-05-04 12:56

    "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". " - In lame mans terms "A BRIBE" .

  • Kelly - 2012-05-04 13:42

    On the steps of the High Court the ANC decides to settle the matter - why wait so long before to settle - HOW MUCH MONEY has their lawyers made till date - and who is paying them - YEAH right - IS MATHEWS NOT AN ATTORNEY - ALSO.

  • pws69 - 2012-05-04 20:39

    Ok, now what about the R15 million the ANCYL got?

  • Abram Russel Baloyi - 2013-10-30 10:12

    Who funds the DA

  • pages:
  • 1