Tribunal, set to kickoff soon, eyes Bosasa as it aims to recover govt's looted billions

Advocate Andy Mothibi. (File, Lindile Mbontsi)
Advocate Andy Mothibi. (File, Lindile Mbontsi)

The special tribunal set up to recover money looted from the state is expected to be operational by October, the head of the Special Investigations Unit (SIU), Andy Mothibi, said on Tuesday.

The tribunal was established by President Cyril Ramaphosa in February.

Mothibi told the portfolio committee on justice and correctional services a "governance committee" had been established to look at matters arising from the Zondo commission of inquiry into state capture, and the other commissions.

Mothibi said it would be also be looking at several state capture allegations, including Bosasa.

He added the "governance committee" had engaged with the National Prosecuting Authority in this regard and was certain "some of those actions that were not sanctioned some time back will now be receiving appropriate action".

"There are a few of them we are busy with."

Mothibi said the special tribunal would be operational by October, but it was dependent on the Department of Justice sorting out the logistics.

A preliminary site for the tribunal has been established at the South Gauteng High Court, also known as the Booysens Court. 

When the tribunal is up and running, it will deal with civil litigation to recover an estimated R14.7bn. 

Mothibi said it wanted to involve the asset forfeiture unit in recouping the losses.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you 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.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Would you choose to continue working from home after the coronavirus lockdown if given the option?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, it's much better for me
40% - 7246 votes
No ways! I can't wait to get back to the office
12% - 2119 votes
A mixture of both would suit me best
48% - 8738 votes
Vote
USD/ZAR
14.52
(-0.4)
GBP/ZAR
19.96
(-0.4)
EUR/ZAR
17.34
(-0.1)
AUD/ZAR
11.09
(-0.2)
JPY/ZAR
0.13
(-0.1)
Gold
1,745.28
(+0.7)
Silver
25.39
(+2.3)
Platinum
1,161.50
(-1.1)
Brent Crude
63.28
(+0.5)
Palladium
2,686.86
(+0.3)
All Share
67,073
(+1.0)
Top 40
61,383
(+1.2)
Financial 15
12,155
(+0.1)
Industrial 25
87,974
(+1.6)
Resource 10
67,823
(+1.0)
All JSE data delayed by at least 15 minutes Iress logo