company

The current disclosure form allows a declarant to comply fully while still holding substantial undisclosed wealth through family members, companies, nominees, or accumulating assets whose origin cannot be tested against legitimate income, which hampers the integrity system.

“Declarant can comply fully and honestly with every requirement of the current form while still holding substantial undisclosed wealth through a family member, exercising undisclosed control through a company, through a nominee arrangement, or accumulating assets whose origin and timing cannot be tested against legitimate income.”

Mr Sayed belongs to a company with a history of fraudulent, corrupt, and tax-evasion activity, making him an inappropriate person for General Khan to engage with regarding these matters, regardless of personal relationship.

“Mr Sayed belongs to a company which on its own admission has been engaged in fraudulent and corrupt activity historically ... and tax evasion ... he is not an appropriate person for General Khan to be engaging with in relation to matters of this nature”

General Khan is considered a beneficiary of a company, but not directly as a member; rather, indirectly through other means.

“General Khan being one of the beneficiaries ... But the beneficiary is not going to be a - it is not straightforward. It is not you are a member of the company.”

General Mabasa's wife and Mr Krejčer's wife were directors (not just shareholders) in a company investigated in Annexure C as part of a company search.

“you say it is a company search you conducted where you established that General Mabasa's wife and Mr Krejčer's wife were shareholders in the company. ... They were both directors.”

Mr. Nku stated that the R60000 was petty cash for the company, not his personal money, used in a supply chain operation involving multiple trucks.

“It was petty cash for the company. It was not my money...company funds...supply chain operation”

Mr. Nku acknowledged that although the R60000 was cash, it was necessary because many clients paid the company in cash.

“the business ... we had a lot of clients paying in cash. That is why there would be cash”

The witness concedes that the cash taken was not their money but company money, which they took advantage of and used without proper authorization.

“To that truth, I do concede that was not my money to take. I am not saying, when I say petty cash, it was not my money, Chair. It was money belonging to the company, which I took advantage of because my thought process was I do not know how much I will need”

Decision was taken not to cordon off and close the depot to avoid prejudicing the company as they were not suspects.

“I took the decision not to cordon off and close the depot. I did not want to prejudice the company by closing them down for the rest of the day, as they were not suspects in this matter.”

General Dlamini confirmed that the unpaid invoice was valid and the company had never been paid.

“General Dlamini checked the invoice, and he also found that indeed that company worked, and it was never paid. Then he came back to me, he said, indeed, this complaint is valid because of this company, never worked.”