BUSINESS COUNCIL
Auditor-general holds fire on missing Black Business Council donation
Auditor-General Kimi Makwetu has decided not to investigate the use of public funds transferred to the Black Business Council (BBC), despite a request by the DA to do so. The request followed allegations that suspended BBC president Danisa Baloyi had taken a R5m donation from Airports Company SA (Acsa) intended to fund the BBC’s transformation lobbying programme. But the money was not deposited into the BBC’s bank account. Baloyi has denied the allegations, which are being investigated by auditing firm SizweNtsabulaGobodo. Charges of theft and fraud have been opened against former BBC fund raiser Dominic Ntsele and Merit Energy‚ which received the cash from Acsa for the BBC. Trade and Industry Minister Rob Davies has defended the allocation to the BBC, saying it is important to sustain business organisations and that the BBC is just one of several his department supports. Makwetu said in a reply to a request by the DA’s David Maynier that the "statutory audit teams in the respective...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.