TNA liquidation won't stop our chase, SIU tells Parliament | Fin24
  • Money Flows

    About 3 000 super-rich have left SA in the past 10 years, according to a new report.

  • Nelson Mandela

    Madiba would have been alarmed at the polarisation and hate speech in SA, says Derek Hanekom.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


TNA liquidation won't stop our chase, SIU tells Parliament

Nov 07 2018 22:30
Khulekani Magubane, Fin24

The Special Investigating Unit told Parliament that the liquidation process of The New Age newspaper will not stop it from pursuing justice over agreements between the formerly Gupta-owned newspaper and public service broadcaster the SABC which were deemed irregular.

The SIU briefed the Standing Committee on Public Accounts (Scopa) on Wednesday evening on investigations it was conducting into matters such as irregular contracts, irregular appointments as well as irregular promotions and pay raises at the South African Broadcasting Corporation.

Along with The New Age, former SABC chief operating officer Hlaudi Motsoeneng got a passing mention over the manner in which bigwigs at the public broadcaster got promotions and raised their salaries.

SIU head Advocate Andy Mothibi told Scopa that SABC brought an application to have a contract with The New Age set aside and that the SIU would join that application. Mothibi said liquidation was a common tactic used to avoid accountability in serious cases like these.

“Even though TNA is going into liquidation, we will not stop our process. We will determine the members and parties involved so we can find those culpable. Losses of R154m are claimed to have been suffered after SABC’s repudiation,” said Mothibi.

Mothibi said four criminal and 23 disciplinary referrals had been made from from SIU investigations into the SABC,

He said investigations had created evidence for civil litigation to the value of R166m and three matters have been referred for legal papers. 



Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote