Saturday, February 12, 2022

Cape Town Calls Out Companies Implicated in State Capture Report, Threatens to Cut Contracts

Deputy Chief Raymond Zondo leads the State Capture Inquiry Committee (Photo via Netwerk24).


The City of Cape Town is calling out companies named in the the State Capture Inquiry report, which aims to find corruption and fraud within the public sector. The City says it is reevaluating its contracts with companies named in the report. 

Cape Town Mayor Geordin Hill-Lewis and his staff have sent letters to Bidvest Prestige, Ernst & Young, PWC, EOH, Nedbank and Pegasys Advisory for their malpractices. Hill-Lewis said the companies must amend practices and admit to wrongdoing or risk losing contracts with the City.  

The State Capture Inquiry Report is led by Justice Raymond Zondo. The first part of the report was released in January and the second part was released last week.

During the State of the Nation Address, President Cyril Ramaphosa said he expected urgent and timely reforms when it comes to the allegations raised in this report. 

Ramaphosa also urged local officials to address the report, which Hill-Lewis seems to have taken to heart. 


By Ben Rappaport


  

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