FFPLUS asks for probe involving R3bn

2014-02-15 05:30


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The FFPlus has asked Public Protector Thuli Madonsela to investigate a R3 billion investment transaction between an oil company and a corporation.

"The Freedom Front Plus would like to know exactly what is happening," spokesperson Anton Alberts said in a statement.

"The FF Plus requested the public protector to investigate the whole transaction and also to look at any advantage which the ANC may receive from it."

The allegation involved Camac Energy and the Public Investment Corporation (PIC), which manages the state's pension fund.

Large portion

The Mail & Guardian reported on Friday that the PIC planned to invest the money with Kase Lawal, Camac's chief executive and an acquaintance of President Jacob Zuma.

Alberts said the transaction involving R3bn was questionable.

"Everything points to the [oil] company being on the brink of bankruptcy and the possibility exists that a large portion of the money can be channelled back to the ANC's election fund."

ANC spokesperson Jackson Mthembu could not be reached for comment.

The newspaper said the PIC failed to answer questions and the ANC did not respond to its question on whether Lawal had given it funding.

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.
Read more on:    camac energy  |  ff+  |  pic  |  jacob zuma  |  johannesburg  |  energy

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
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

Byrne: Israel Folau a 'freak'
England World Cup coaches barred
LIVE: New Zealand v Tonga
Lancaster comes out guns blazing
Traffic Alerts

It is always easier to notice the faults in others rather than face our own. Focusing too much on the perfect and ideal scenario...read 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 24.com 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.