We welcome the first part of the State Capture Commission report: Paul Mashatile

African National Congress (ANC) Treasurer General Paul Mashatile says they welcome the first part of the State Capture Commission report that was handed over to President Cyril Ramaphosa on Tuesday.

Another two parts of the report are to be handed over next month to the President.

Mashatile says the ANC has always supported the Commission.

He says those implicated in the first part of the report must abide by its recommendations.

“But we are happy that the process is coming to an end and that the report would be scrutinised. Recommendations would be looked at and obviously, implementation will take place so we are fine with the way the report is going to be released. I think part one is now being released and then will await part two and three and then will have the whole picture,” says Mashatile.

Lord Peter Hain encouraged by Part 1 of State Capture report

Meanwhile, Anti-apartheid activist Lord Peter Hain says he’s encouraged by the first part of the State Capture Commission report saying that it puts the spotlight on British consultancy firm, Bain, for their deliberate dismantling of the South African Revenue Services (SARS) during the tenure of Commissioner Tom Moyane and the Presidency of Jacob Zuma.

In the report that was presented to President Cyril Ramaphosa on Tuesday, Acting Chief Justice Raymond Zondo recommended that Moyane be charged with perjury in relation to allegedly false evidence presented to Parliament.

Lord Hain says it’s most disturbing that Bain was earning large fees from SARS and that’s why he’s taking action in the UK.

“This is part of a murky picture that I’ve tried to expose in the British parliament, as a member of the House of Lords, in saying that the State Capture story, which looted South African taxpayers terribly, is also being done with the support and active complicity of global corporations like Bain and Company, KPMG, the banks like HSBC and Standard Chartered, and Bank of Baroda. All of which allowed the money to flow out through their financial pipelines,” says Hain.

Lord Peter Hain on State Capture report: