Fin24

PetroSA targets Majali estate: report

2010-12-29 10:03

Johannesburg - State oil and gas firm PetroSA plans to recover millions of rands owed to it by the late businessman Sandi Majali, the New Age newspaper reported on Wednesday, citing company spokesperson Thabo Mabaso.

Majali was found dead in a Sandton hotel room on the weekend.

"The only option remaining for PetroSA in its bid to recoup the money it says it is owed, is to claim from the estate, which is believed to be worth millions of rands," the report said.

Mabaso confirmed to the newspaper that there was still a dispute between PetroSA and Majali's company, Imvume Management.

"But he declined to provide details about the dispute on the basis that it was sub judice."

Majali's lawyer John Ngcebetsha said there was an arrangement in place between PetroSA and Majali regarding the payment of the late businessman's debt.

Asked how Majali could pay his debts when he had applied for his company's liquidation, Ngcebetsha told the newspaper: "This was a voluntary liquidation and it could be done for two main reasons: to have money to pay your debts, or because you intend to diversify into other forms of business. In this case, the latter reason applies."

Majali, it is believed, still owed PetroSA more than R5m from the R15m the company had paid Imvume Management as a down payment for a crude oil supply deal in 2004.

Instead of using the money for the agreed purpose, Imvume allegedly donated R11m to the ruling ANC just before the 2004 general elections.

"The story caused the ANC political embarrassment when it broke a year later."

During the ANC's national conference in Polokwane in 2007, the party's then treasurer general Mendi Msimang told delegates that the party had repaid Imvume's donation because of the dispute around it.

"But yesterday ANC spokesperson Ishmael Mnisi could neither confirm nor deny that the party had paid back the R11m," the report said.

PetroSA and Majali had had confrontations on "numerous occasions".

At some stage PetroSA obtained an execution order to force Imvume to repay the R13.8m it owed, but Imvume had the decision overturned.

The tiff heightened in mid-2007 when Majali alleged that PetroSA had known that the R15m it paid to his company was meant for the ANC.

"He vowed not to pay the remaining amounts he owed to the oil parastatal and threatened to spill the beans, which he said would embarrass a number of high-profile ANC people."

The report said that although Majali "lay low" after Polokwane, he was believed to still be close to top ANC leaders including deputy president Kgalema Motlanthe.

"This was despite suspicions that he was sympathetic to Cope."

The report added that Mnisi could not confirm whether Majali was still a member of the party, saying that records in the membership office need to be checked.

However, according to Ngcebetsha, Majali was "a staunch ANC" member.

"I will leave it to the ANC to comment about his role which will date back to the struggle for freedom," Ngcebetsha, who is a Cope leader in Gauteng, told the New Age.

Comments
  • doug - 2010-12-29 10:54

    Lekker! The wheel turns at last. Well done to the (not yet muzzled) media. No wonder zuma and co want to muzzle the media.

  • Bale - 2010-12-29 10:54

    Excellent, that whole R11 million must be payed back to Petrosa.

  • JJ - 2010-12-29 11:01

    Now why is this news worthy?. All the news on the rot and corruption in this country should be publisized in it own paper/news agency and kept out of the general news as it's just plain boring and nothing will change, because it's "Africa" mentality.

  • grant montgomery - 2010-12-29 11:02

    Majali threatened to spill the beans on top ANC officials then he's dead hours after being released from prison. Makes you think doesn't it ?

  • 309210 - 2010-12-29 11:16

    Who Cares

  • OSCAR - 2010-12-29 11:36

    GOOD RIDDANCE TO FILTH.

  • frederick - 2010-12-29 11:40

    i think is not fair interms of public finacial management act if majila he ownes them after is death they should not toach his estate what about the remaining farmily they should consider the fact that he is no longer alive his children need to goto school with that money but let the law take its course

  • Bryan - 2010-12-29 11:43

    Just like Lolly Jackson - money, corruption...death!

  • william - 2010-12-29 13:43

    With all due respect to the MAJALI family...... HAS ANYONE DONE A DNA TEST ON THIS CORPSE , THAT WAS FOUND IN THE HOTEL ROOM ?????? This was the most corrupt and "skelem" person , his whole life was a fraud. I DONT BELIVE HE IS DEAD. In a few years time he will resurface even richer.

  • Erich - 2010-12-29 14:01

    The man worked hard for his wealth, death has robed his family its bread winner, parasites want to loot from his family. I feel sad for the family.

  • Erich - 2010-12-29 14:22

    Don't you feel ashamed to celebrate the death of an innocent person. Some of you claim to be Africans. Shame on you. Majali has not been found guilty of wrong doing but some of you have already found him guilty of corruption. Death has robed us one of the intelligent sons of this soil. What I know is that Majali did not die on his knees, he fell standing on his feet. Aluta continua!

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