Gordhan applauds companies reversing state capture damage at SOEs Speaking during his Budget vote on Thursday, the minister said they must start by fixing the damage at state-owned entities (SOEs) before repositioning them. FILE: Public Enterprises Minister Pravin Gordhan. Picture: Abigail Javier/Eyewitness News
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CAPE TOWN – Public Enterprises Minister Pravin Gordhan has commended companies that have given back money earned through state capture related deals or irregular procurement.
Speaking during his Budget vote on Thursday, Godhan laid out his department s plan to get the nation s SOEs back on track.
The minister said they must start by fixing the damage at state-owned entities (SOEs) before repositioning them.
The Guptas and their SA collaborators must pay back the money - Gordhan Public Enterprises Minister Pravin Gordhan has borrowed the phrase often used by his arch-enemy, the Economic Freedom Fighters (EFF), to call on companies and individuals accused of looting SOEs to refund the state. FILE: Public Enterprises Minister Pravin Gordhan. Picture: Eyewitness News.
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CAPE TOWN - Public Enterprises Minister Pravin Gordhan wants the controversial Gupta family and their collaborators to follow the lead of firms like McKinsey and pay back the money .
Gordhan has borrowed the phrase often used by his arch-enemy, the Economic Freedom Fighters (EFF), to call on companies and individuals accused of looting SOEs to refund the state.
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In 2016, Moyane laid criminal charges against Gordhan with regard to former commissioner Ivan Pillay’s pension payout. The matter was later withdrawn.
The former commissioner has also been accused of the dismantling of certain operations at Sars.
During the testimony of former Bain & Company partner Athol Williams, the commission was told that the management consulting firm was feeding Moyane with information about happenings at Sars.
It is alleged that Bain would advise Moyane on Sars operations, who was present in the meetings months before he was “surprisingly” appointed Sars commissioner.
Moyane was appointed in September 2014 and eventually fired by President Cyril Ramaphosa on 1 November 2018.
Public Enterprises Minister Pravin Gordhan gave MPs a brief update on efforts to recover some of the money lost when SOEs were hollowed out by state capture.