Mashaba to lay charges against former mayor Parks Tau and Joburg ANC chair Geoff Makhubo

2018-12-07 17:15
Geoffrey Makhubo (Nelius Rademan/Foto24 Gauteng)

Geoffrey Makhubo (Nelius Rademan/Foto24 Gauteng)

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City of Johannesburg Mayor Herman Mashaba will lay charges against his predecessor Parks Tau and former mayoral committee member for finance Geoff Makhubo at the Johannesburg Central police station on Monday.

This comes after an amaBhungane report revealed how Makhubo allegedly secured an estimated R30m from the City of Johannesburg by acting as an influence broker.

"A report by amaBhungane shows how Makhubo and Tau orchestrated a windfall of at least R30m for Makhubo by allowing him to unduly act as broker for Regiments Fund Managers, giving the fund managers unfettered access to lucrative deals within the City," media specialist Andile Ndlovu said in a statement on Friday.

AmaBhungane reports that Makhubo's company, Molelwane Consulting, agreed to be paid 10% of R300m in fees from Regiments Capital after its division, Regiment Fund Managers, received a contract to manage the City's "sinking fund" in 2006.

ALSO READ: Joburg ANC leader scored millions from city contract

Makhubo, who is a longstanding member of the ANC and chair of its Johannesburg region, will appear before the political party's integrity committee over the allegations, News24 reported on Thursday.

Mashaba further expressed his sentiments via social media through the hashtag #ANCLootedJozi.


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