Business Tech World

Bosasa an ‘organized crime syndicate’

The third part of the State Capture report was released late Tuesday night and focuses primarily on how Bosasa used gifts and cash to influence ANC heavyweights.

Based on the testimonials of Angelo Agrizzi and other witnesses, acting Chief Justice Raymond Zondo concluded that “Bosasa has established a fairly well-organized network of well-placed, well-connected and powerful people”.

State Capture Report, Part 3

The influence of Bosasa

The 1,000-page report exposes how their “loyalty was secured through financial and other material incentives and bribes.”

Bosasa used their access to senior ANCs to “promote and protect Bosasa’s private interests through irregular purchases and practices to get money from the state in very substantial amounts.”

Involved in State Capture report

Jacob Zuma

Former President Jacob Zuma was involved in all three State Capture Commission reports through his relationship with Gavin Watson, who served as Bosasa’s Chief Executive Officer.

In exchange for incentives from Watson, Zuma has secured lucrative government contracts by allegedly bribing several politicians and government officials.

The report said there were “reasonable grounds” and “sufficient evidence” that Watson and Bosasa “provided incentives and profits to Mr Zuma aimed at gaining influence over Mr. [Zuma]†

ALSO READ: State Capture report ‘not worth the paper it’s written on,’ says Zuma

Gwede Mantashé

The report also highlights how Mineral Resources and Energy Minister Gwede Mantashe benefited from Bosasa Operations, formerly known as Meritum Hostels and Dyambu Operations.

Mantashe testified on March 19, 2021 regarding Bosasa and also made two affidavits dated March 8, 2019 and June 18, 2019 – both related to Bosasa.

“While the value of the installations is in question, the fact of the installations, and the fact that they have not been paid for my Mantashe, is a common cause. Offering free security installations was clearly part of the corrupt modus operandi of Bosasa and its directors,” Zondo said.

READ NOW: Mantashe seen as ‘brilliant connection’ by Bosasa leadership

Additional reporting by Earl CoetzeeVhahangwele Nemakondeand Cheryl Kahla

Leave a Reply

Your email address will not be published. Required fields are marked *