Gordhan is being ‘economical with the truth’, Mashaba says
The public enterprises minister says a R290m loan granted by the ANC-led council to Denel was lawful, but the Joburg mayor disputes this
Johannesburg mayor Herman Mashaba has taken public enterprises minister Pravin Gordhan to task over a loan that the City of Johannesburg granted to state arms manufacturer Denel, under the previous ANC-led municipality in 2012. In a written response to a parliamentary question‚ Gordhan said that a R290m loan granted by the city to Denel was lawful. But on Tuesday, Mashaba released a statement titled, “Minister Gordhan being economical with the truth.” “I note with concern reports in the media about a recent reply by the minister of public enterprises‚ Mr Pravin Gordhan‚ in Parliament‚” Mashaba said. “In his response, minister Gordhan indicated that the R290m unsecured loan from Regiments Capital [The City of Johannesburg’s sinking fund management company] to Denel was entirely legal. However‚ minister Gordhan’s willingness to pronounce on a very limited assessment of the legality of this loan misses the most fundamental point for someone charged with overseeing the prudent use of pu...
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