The following speech was delivered today by DA Leader, Mmusi Maimane, at the party’s Gauteng East campaign launch in Germiston, Ekurhuleni:
My fellow South Africans
Yesterday afternoon, at the end of the working week when everyone was going home, I received an email with a letter from President Ramaphosa to the Speaker of Parliament. In this letter he tried to explain how half a million Rand that we all thought was suspiciously paid from Bosasa to his son, was actually paid from Bosasa to his own campaign for ANC President.
Remember, Bosasa is a company that landed billions of Rands of government contracts. If the money had been for his son, it would be a massive conflict of interest at best. But the fact that the money was for the President himself makes this far, far worse.
This looks suspiciously like all other ANC government corruption deals: A company pays money to a politician or the party in exchange for contracts, often at massively inflated prices. But they never pay it directly to the politician or party – there’s always a third party or a trust account in between. Which is what appears to have happened here too.
This goes beyond just campaign financing. This is a kind of insider trading – where a company “invests” heavily in a candidate, knowing that it will pay off multiple times over if the candidate is successful through preferential treatment when it comes to tenders. No wonder the President didn’t declare this payment – it’s dirty money.