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


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


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.

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