The United Democratic Movement earlier this year wrote to President Cyril Ramaphosa wherein we revealed possible corruption that involved the Public Investment Corporation (PIC), Zonkizizwe Investments (which we understand to be solely owned by the ANC), some ANC heavy weights and Afric Oil.

The alleged broker between the PIC and e.g. VBS Mutual Bank and the various municipalities was Minister Zweli Mkhize.

We have been reliably informed that the Public Protector will be investigating the allegations with the affected individuals being subpoenaed to appear before the Public Protector on the 4th of October 2018.

All those involved in syphoning money from the PIC are to explain themselves and their conduct; this includes the people who brokered any suspicious deals with the PIC.

We call on the Public Protector to leave no stone unturned in teasing out who was involved and to what extent the allegations are true.

Issued by:
Mr Bantu Holomisa, MP
UDM President