Kobus Marais, DA Spokesperson on Economic Development
4 October 2011
4 October 2011
It was reported today that Economic Development Deputy Minister, Enoch Godongwana, has a stake in a company that “lost” R100 million of textile workers’ pension money. He testified last week in an ongoing liquidation inquiry into the company, Canyon Springs Investments. The Democratic Alliance (DA) believes that, in addition to testifying at the closed inquiry, the Deputy Minister also needs to come to Parliament and explain exactly what happened and why his company chose to invest the workers’ money in the way it did. I will therefore write to the chairperson of the Portfolio Committee on Economic Development to request that Deputy Minister Godongwana be called before the committee to explain himself.
The fact that the pensions of between 15 000 and 20 000 workers were squandered is scandalous in itself. Even more disturbing is that large sums of money were reportedly “invested” in businesses with connections to various ANC politicians such as Free State Premier Ace Magashule and Deputy Minister Godongwana himself. That money has now gone missing. Read more ...
The fact that the pensions of between 15 000 and 20 000 workers were squandered is scandalous in itself. Even more disturbing is that large sums of money were reportedly “invested” in businesses with connections to various ANC politicians such as Free State Premier Ace Magashule and Deputy Minister Godongwana himself. That money has now gone missing. Read more ...
No comments:
Post a Comment