40% for What? The Payments, WhatsApps & Local Content Questions | Madlanga Commission Part 8
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40% for What? The Payments, WhatsApps & Local Content Questions | Madlanga Commission Part 8
988 просмотров · 7 дн. назад
South Africa Unfiltered
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988 просмотров · 7 дн. назад
Forty percent of the profits. But what was actually being contributed in return?
In Part 8 of our coverage of the Madlanga Commission, Mr. Sibanyoni faces difficult questions about his financial arrangement with Dr. Ntuli and the role of local content in the quarry supply contract.
The evidence raises uncomfortable questions.
🔎 WHAT YOU'LL SEE IN THIS PART:
The 40% arrangement: What did Mr. Sibanyoni bring to the deal, and what justified his share?
The missing paperwork: No shareholding, no written agreement, and no examination of the company's books to verify his earnings.
The R100,000 payments: How were the amounts determined, and were they linked to actual profits?
Allegations of payments under duress: A statement alleges that payments were made out of fear. Mr. Sibanyoni denies this.
The WhatsApp messages: Complaints about unpaid money, demands for payment, and a threat to stop the operation.
The question of authority: Mr. Sibanyoni says he did not authorise the threat to halt the operation.
And perhaps the biggest question of all:
Was this a genuine local-content arrangement backed by a meaningful contribution — or was the justification for the 40% share never adequately established?
That is a question the evidence must answer.
These proceedings involve allegations and disputed evidence. No allegation should be treated as a proven finding of guilt.
💬 JOIN THE CONVERSATION:
Do you believe a business arrangement involving substantial payments should be supported by written agreements, transparent financial records, and a clear explanation of each party's contribution?
Share your views in the comments. Keep it respectful, and let's discuss the evidence.
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