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amaBhungane | The veteran, the doctor and the PIC's dodgy R600m land deal

The fixer behind the PIC's contentious investment in 1 000ha of empty land on the N12 highway is fighting tooth and nail for a R180m "transaction advisory fee" he claims he is owed. ....

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The veteran, the doctor and the PIC's dodgy R600m lan...

Extracting money from the Public Investment Corporation for dubious projects seems to have been easy if you were willing to shell out massive ‘fees’ to connected gatekeepers. That’s the implication of the latest investment debacle amaBhungane has uncovered involving the troubled state. ....

Free State , South Africa , North West , Kapei Phahlamohlaka , Caleb Motshabi , Isago Chris Crause , Phill Magakoe , Martin Khunou , Papi Kubu , Vuyani Hako , Dan Matjila , Isago Crause , Thulas Nxesi , Alex Mahapa , Chris Crause , Portfolio Management Committee , National Prosecuting Authority , Veterans Development , Public Investment Corporation , Lamahapa Investment Holdings , African National Military Veterans Association , Municipal Councillor Pension Fund , Development Isago , Government Employees Pension Fund , Fund Investment Panel , Financial Services Board ,