OVERVIEW: Denel chair Mantsha launched 'extraordinarily belligerent attacks' on him, says Gordhan #StateCaptureInquiry

2018-11-19 13:00

Public Enterprises Minister Pravin Gordhan has concluded the first day of his much-awaited testimony at the judicial commission of inquiry into state capture in Johannesburg.

For the latest updates, follow News24 reporters: 

 - Jeanette Chabalala: @J_chabalala 
 - Tshidi Madia: @tshidi_lee 
 - Pieter du Doit: @PieterDuToit

WATCH LIVE: #StateCaptureInquiry

Public Enterprises Minister Pravin Gordhan

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Last Updated at 04:56
19 Nov 16:33

Patel: I declined several invites from the Guptas

Economic Development Minister Ebrahim Patel has said he declined several invitations from the Gupta family, including one to the now-infamous wedding at Sun City in 2013.

In a written reply to a question from Democratic Alliance (DA) MP Michael Bagraim, Patel clarified that neither he nor employees of his department were influenced nor took instructions from the Gupta family or their associates.

19 Nov 16:06
Adjourns until 10:00 tomorrow (Tuesday), where Gordhan is expected to continue testifying. 

19 Nov 16:05
Asked if he knows why Salim Essa left the country, says it is an unfair question. Gordhan says he does not know Essa, suggest Pretorius must call a family member and ask.

19 Nov 16:01

19 Nov 16:00
Gordhan now reveals how then Denel board chairperson Daniel Mantsha launched "extraordinarily belligerent attacks" on him when he returned as Minister of Finance in December 2015 and would not OK formation of Denel Asia. 

19 Nov 15:48

19 Nov 15:48
Gordhan speaking now on his claims that the Denel board was captured, he credits it to the leaks which showed some in the organisation had regular trips to Dubai.

19 Nov 15:47

19 Nov 15:46
Gordhan speaks on Denel, says that Denel board was captured by the Guptas, as exposed in Gupta Leaks, says Gordhan.

19 Nov 15:41

19 Nov 15:39
Now being quizzed on the dismissal of Nene, Pretorius says he understands the minister might not know why his successor was dismissed, but he has insights. Gordhan speaks of the nuclear deal Nene refused to sign.

19 Nov 15:38

19 Nov 15:38
Gordhan now being asked to deal with his appointment to COGTA - evening of 24/morning of 25th May after inauguration he received a request to meet Zuma and was informed of his new appointment. Nene took over as finance minister.

19 Nov 15:36

19 Nov 15:35
Gordhan says there is no evidence that then Martins personally refused a due diligence process.

19 Nov 15:32
It appears that a due diligence process was not performed, says Gordhan.

19 Nov 15:30
Gordhan confirms that Treasury gave a guarantee for the PetroSA deal accompanied with a number of conditions.

19 Nov 15:16

19 Nov 15:16

Gordhan on Petro SA/Engen deal:

It was brought to Treasury’s attention that a discussion took place between PetroSA and Engen to purchase assets. The asking price was R17bn, but then moved to R18.6bn; while the market price was between R12bn and R14bn.

19 Nov 15:06

19 Nov 15:04

19 Nov 15:03

READ: Gordhan's full statement on capture, Zuma and the Guptas

Public Enterprises Minister Pravin Gordhan has recounted publicly, for the first time, his experience of the reshuffle that left him ousted from Cabinet last year, saying he learned with the rest of the country that he was fired as finance minister.

19 Nov 15:02
In June 2014, President Zuma took over the chairing of the nuclear energy committee from then deputy president Kgalema Motlanthe. It was converted into the Energy Security Cabinet Sub-committee, says Gordhan.

19 Nov 14:56

19 Nov 14:53
Former National Treasury DG Lungisa Fuzile, now Standard Bank CEO, will appear before state capture inquiry to explain the process of push and pull that went into the attempt by then President Zuma to enter into a nuclear deal valued at R1-trillion.

19 Nov 14:50

19 Nov 14:46
In latter half of 2013, then President Zuma called Pravin Gordhan to a meeting at Mahlamba Ndlopfu where he said he wanted the nuclear deal to continue.  At the meeting was Senti Thobejane, who was an adviser to then Minister of Energy Ben Martin.

19 Nov 14:44

19 Nov 14:38
Pravin Gordhan says that in November 2011, a nuclear cabinet committee was started. It was clear that the Department of Energy and former President Zuma were intent on pursuing a R1-trillion nuclear deal with Russia - more than entire state budget for that year.

19 Nov 14:34

19 Nov 14:33
Gordhan now deals with the nuclear deal.

19 Nov 14:32

Gordhan tells Zondo that everyone who appears before him should supply evidence.

"We leave you to connect the dots and come to the conclusion that you wish to," he says.

19 Nov 14:23
Gordhan explains how former SARS commissioner Tom Moyane was appointed following the resignation of Oupa Magashule. There were over 120 applicants but President Zuma wished to exercise his powers to appoint the new Commissioner, says Gordhan.

19 Nov 14:22

19 Nov 14:20
Pretorius wants to know how Tom Moyane was appointed Sars commissioner, Gordhan says it was done under Nhlanhla Nene's tenure.

19 Nov 14:19
Gordhan says Sars extended Ivan Pillay's contract in the lead up to the 2014 elections, but wanted to allow the incoming finance minister space to make his own choices.

19 Nov 14:16

19 Nov 14:08
Gordhan: good economic climate and revenue collection allowed government to introduce child grants.

19 Nov 14:08
 ...and we are back, Gordhan still explaining the role of the minister of finance.

19 Nov 14:01

19 Nov 14:00

19 Nov 14:00
Shivambu: Comrades we must not retreat. One thing for sure is that the enemy is not resting. 

19 Nov 13:56

19 Nov 13:55
Shivambu: He (Pravin) is acting like an angel. We've asked him questions and he is not responding to those questions.

19 Nov 13:52

19 Nov 13:36

19 Nov 13:03

Zondo adjourns proceedings for lunch. The commission resumes at 14:00. 

19 Nov 13:02

Gordhan says things were initially "hazy" but the final penny dropped when the Gupta emails, investigated in a series of #GuptaLeaks reports, came into the picture.

19 Nov 13:00

Gordhan references a series of events that were set into motion after former public enterprises minister Barbara Hogan was dismissed and replaced.

19 Nov 12:58

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