In the saga of disgraced financial services firm Regiments Capital, one name keeps popping up: Nedbank. After years of digging, we can disclose that the bank incentivised the firm to peddle the bank's financial products to public sector clients that Regiments was supposed to advise impartially. Together, they raked in hundreds of millions.
Johannesburg’s embattled mayor was grilled by the state capture commission last week after it was confirmed that his company received millions from a city contract – despite his earlier denials to amaBhungane.
New information at the Zondo commission has unearthed evidence that executives of the tech giant channelled questionable payments to the ANC – before and after it landed significant contracts with the city – and to a company controlled by current Johannesburg mayor Geoff Makhubo.
It’s a year since amaBhungane exposed how fleet company Afrirent funnelled money into a Malema-EFF slush fund – as it scored a R1.3bn City of Joburg contract. Now Afrirent is way behind delivering on that contract.
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