• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

State Capture Inquiry continues on Wednesday

20 March 2019, 7:36 AM  |
Amina Accram Amina Accram |  @SABCNews
Martie Janse van Ransburg

Former Denel Board chair, Martie Janse van Rensburg told the commission that her task team left the corporation with enough liquidity.

Martie Janse van Ransburg

Image: SABC News

Former Denel Board chair, Martie Janse van Rensburg told the commission that her task team left the corporation with enough liquidity.

The Commission of Inquiry into State Capture will resume on Wednesday morning in Johannesburg and is expected to hear testimony from former Group CEO of Denel, Riaz Saloojee.

On Tuesday, the commission heard evidence from former chairperson Martie Janse van Ransburg regarding Denel and its links with the Guptas through a company called VR Laser.

Van Rensburg told the commission that her task team left the corporation with enough liquidity and they had achieved almost all of their Key Performance Indicator target.

She says Denel had R1.9 billion in cash in 2015 and various banks were knocking at their doors.

She explained that she did not understand why the minister would replace the Board with one that had very little set of skills given the magnitude and importance of the organisation.

The commission also heard how a former shareholder of VR Leser Benny Jiyane kicked out and systematically pushed off his own company which he had helped to create.

Related Video:

Share article
Tags: DenelRiaz SaloojeeMartie Janse van RansburgVR LaserGuptasCommission of Inquiry Into State Capture
Previous Post

Political tolerance applies to all South Africans: Mbha

Next Post

Publishers sue Peloton of copyright infringement

Related Posts

People look at the new iPhone 15 Pro as Apple's new iPhone 15 officially goes on sale across China at an Apple store in Shanghai, China September 22, 2023.

Apple identifies issues causing overheating in the iPhone 15

1 October 2023, 4:45 PM
Electricity pylons.

Eskom announces further suspension of rolling blackouts

1 October 2023, 1:00 PM
A worker fills a car belonging to a Texas resident, with gasoline at a gas station, in Ciudad Juarez, Mexico March 14, 2022.

Automakers say they face $14 billion in fines from Biden’s ‘unfeasible’ fuel rules

30 September 2023, 3:51 PM
[File photo:] Someon holding a mobile device.

Parly committee describes cost of communication in SA as brutal and abusive

30 September 2023, 12:53 PM
Transnet logo

Transnet’s inefficiencies have made it a liability for government: Economist

30 September 2023, 11:26 AM
[File Image:] A domestic worker cleans a sink at a home.

Tough economic times leading to increased vulnerability of domestic workers

30 September 2023, 8:35 AM
Next Post
Rihanna

Publishers sue Peloton of copyright infringement

Most Viewed

  • 24hrs
  • Week
  • Month
  • Mandla Mandela urges respect for Zoleka’s peaceful rest
  • Six beaches in Durban flagged with high levels of E.coli
  • Visitors planning to visit the Overberg region urged to postpone their trips
  • ‘Medupi power station has turned the corner’
  • Golden Arrow bus overturns as heavy rains continue in Cape Town
  • High waves and rough water conditions force beach closures in the Western Cape
  • Prince Mangosuthu Buthelezi to rest in the town he built and nurtured
  • NSPCA files criminal case against Julius Malema for alleged animal cruelty
  • Snow, heavy rainfall expected in parts of KZN: SAWS
  • Cold-front sweeps across SA bringing snow and chilly temperatures
  • Msukalikwa Local Municipality to face criminal charges
  • Springboks will this evening fight to remain in the World Cup
  • SA has the seventh highest level of organised crime in the world
  • Five killed in Kagiso vehicle crash
  • Malema describes eSwatini elections as a mockery of democracy

LATEST

A player has a soccer ball under his boots during a match.
  • Sport

Galaxy draw with Richards Bay


Felix Tshisekedi, President of the Democratic Republic of the Congo.
  • Africa

Congo ruling coalition backs Tshisekedi for December vote


Minibus-taxi on a route
  • South Africa

Several roads to be closed in Cape Town due to EFF march on Monday


Tables and chairs inside a classroom.
  • South Africa

BELA Bill will address issues such as admissions to schools: Motshekga


General Secretary of the SACP Solly Mapaila addressing attendees of the Red October campaign launch
  • Politics

SACP’s Red October campaign to focus on cost of living


SMER-SSD party leader Robert Fico speaks during a press conference after the country's early parliamentary elections, in Bratislava, Slovakia, October 1, 2023.
  • World

Slovakia’s poll winner defies European consensus on Ukraine


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Judge President of the Independent Electoral Court - Boissie Mbha Political tolerance applies to all South Africans: Mbha
Next Rihanna Publishers sue Peloton of copyright infringement