SANParks CEO could pocket millions from MalaMala

David Mabunda
David Mabunda
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.

ZAR/USD
16.75
(-0.05)
ZAR/GBP
21.36
(+0.67)
ZAR/EUR
19.64
(+0.48)
ZAR/AUD
12.03
(+0.83)
ZAR/JPY
0.16
(+0.26)
Gold
1899.60
(-0.85)
Silver
24.41
(-2.39)
Platinum
868.00
(-1.75)
Brent Crude
42.14
(-3.94)
Palladium
2217.00
(-2.53)
All Share
53265.33
(-0.10)
Top 40
49126.16
(-0.05)
Financial 15
9570.37
(+0.53)
Industrial 25
71886.85
(+1.23)
Resource 10
52935.40
(-1.85)
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% - 1339 votes
It depends on how the funds are used.
73% - 8746 votes
No. We should have gotten the loan elsewhere.
16% - 1928 votes
Vote