SANParks CEO could pocket millions from MalaMala

Johannesburg - Outgoing SANParks CEO David Mabunda could pocket millions via his shareholding in the game farm the government bought in its most costly land settlement deal yet, according to Rapport.

He is a director and shareholder of MalaMala, for which the government paid more than R1bn.

It was unclear how much he stood to gain.

The department of rural development and land reform decided at the end of last year to pay R71 000 per hectare for the more than 13 000 hectares.

The game reserve is next to the Kruger National Park.

Mabunda confirmed he was a shareholder and director of MalaMala, but ignored enquiries about his role in land reform.

"My directorship and shareholding were approved in 2009 in writing by the SANParks board and the minister (of environmental affairs)," he said in an sms to Rapport.

According to the newspaper the SANParks board took Mabunda to task over an apparent conflict of interest in the matter.

SANParks subsequently announced in a statement that Mabunda's career at SANParks was ending this month.

It said his departure was not related to the alleged conflict of interest.

Both the EFF and Freedom Front Plus had criticised the claim. The FF Plus' Pieter Groenewald said it was improper that someone, who had earlier been involved in land reform was now benefiting from a land claim.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
17.56
-0.0%
Rand - Pound
21.59
-0.3%
Rand - Euro
18.50
-0.3%
Rand - Aus dollar
11.92
-0.2%
Rand - Yen
0.13
-0.2%
Gold
1,797.91
0.0%
Silver
23.15
0.0%
Palladium
1,900.00
0.0%
Platinum
1,020.00
0.0%
Brent Crude
85.57
-1.5%
Top 40
68,238
-0.9%
All Share
74,323
-0.9%
Resource 10
74,020
-2.7%
Industrial 25
91,592
-0.6%
Financial 15
15,398
+0.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders