for subscribers

EFF: This is what will happen if a Gupta puppet controls Treasury

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(Photo: file, AFP)
(Photo: file, AFP)

Cape Town – The only reason why the National Prosecuting Authority (NPA) charged Finance Minister Pravin Gordhan in October this year, was to gain access to state coffers, said Hlengiwe Mkhaliphi from the Economic Freedom Fighters (EFF).
 
Speaking in a debate on the impact the decisions by the NPA to prosecute Gordhan had had on the economy, Mkhaliphi sketched a situation should a finance minister loyal to the Gupta family be successful in capturing National Treasury.  
 
“If a Gupta puppet controls National Treasury, the SAA would get unlimited guarantees, regardless of the bad management of Dudu Myeni (SAA board chairperson),” she said.
 
“If a Gupta puppet controls National Treasury, Denel and the Guptas will loot state money in Asia without disruption,” she said with reference to a controversial deal in which Denel had acquired a stake in a company VR Laser which reportedly has ties with the Guptas.
 
“If a Gupta puppet controls National Treasury, the Public Investment Corporation (PIC) will be looted to buy Airforce One,” she said.
 
“Look what happened with Eskom when state money was used to buy a mining company for Duduzani Zuma.”
 
Mkhaliphi was referring to former public protector Thuli Madonsela’s state capture report. In her findings she said the Eskom board acted in such a way as to favour the Guptas’ mining company Tegeta over other rivals when coal contracts had been awarded. The president’s son, Duduzane, is said to have a stake in Tegeta coal.

'SA's most dangerous person is Zuma'

Mkhaliphi in her speech said the “most dangerous person” in the country is President Jacob Zuma. “He and the ANC are beyond salvation.”

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.58
(+0.80)
ZAR/GBP
21.38
(+1.00)
ZAR/EUR
19.49
(+0.57)
ZAR/AUD
11.93
(+0.40)
ZAR/JPY
0.16
(+0.83)
Gold
1904.40
(+0.89)
Silver
23.75
(+1.76)
Platinum
897.00
(+0.80)
Brent Crude
42.12
(+1.78)
Palladium
2309.00
(+0.72)
All Share
54446.78
(+0.34)
Top 40
50159.14
(+0.23)
Financial 15
10158.72
(+0.86)
Industrial 25
73766.43
(+0.79)
Resource 10
53032.08
(-0.66)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1404 votes
It depends on how the funds are used.
73% - 9095 votes
No. We should have gotten the loan elsewhere.
16% - 2000 votes
Vote