Enoch Godongwana, the chair of the ANC’s sub-committee on economic transformation has been appointed as a non-executive director of the board of the Development Bank of SA (DBSA), a Cabinet statement said on Thursday. The bank provides developmental infrastructure funding in SA and the rest of the Africa. Bongiwe Kunene was also appointed to the board. The Cabinet also announced the re-appointment of Malijeng Theresa Ngqaleni and Martie Jacoba Janse van Rensburg as non-executive directors. Godongwana was deputy public enterprises minister from 2009 to 2010 and deputy economic development minister from November 2010 to 2012. DA finance spokesperson Alf Lees slammed the Cabinet decision to appoint Godongwana saying it was “a huge blow to the impartiality of the bank that a deployed cadre of the ANC is now on the board”. He said the decision shows that the ANC continues to be a vehicle for corruption, nepotism and cadre deployment. “A key element that enabled state capture was the appo...
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.