Skip to content
September 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Bag of cash offered as bribe in South Africa bribery saga
  • National News

Bag of cash offered as bribe in South Africa bribery saga

Admin November 3, 2016

south-african-randThe most startling allegation in the 355-page report by South Africa’s former anti-corruption chief Thuli Madonsela is testimony from Deputy Finance Minister Mcebisi Jonas that businessman Ajay Gupta offered him 600m rand ($44.6m; £36.2m) last year, “to be deposited in an account of his choice”, if he accepted the post of finance minister:

Mr Jonas was walking towards the door, Mr A Gupta made a further offer of R600 million to be deposited in an account of his choice. He asked if Mr Jonas had a bag which he could use to receive and carry R600,000 in cash immediately, which he declined.”

Mr Zuma’s son Duduzane was allegedly there when this offer was made.

Mr Jonas was expected to remove key Treasury officials from their posts and advance the Gupta family’s “business ambitions”, he is quoted as saying.

The businessman has not yet commented on the report, but has previously denied any wrongdoing.

The report also contains allegations that:

Ajay Gupta boasted that as a family they had “made a lot of money from the state”, putting the figure at 6bn rand, according to Mr Jonas

Mr Zuma told former government media chief Themba Maseko that the “Gupta brothers need your help, please help them”

Mr Gupta asked Mr Maseko to channel advertising to a newspaper the family was setting up

Former MP Vytjie Mentor was offered the Public Enterprise minister’s post by the Guptas; she rejected it

The board of power utility Eskom appeared to have been improperly constituted

It made payment of nearly one billion rand to a firm linked to the Guptas and the president’s son

The payments may amount to “wasteful expenditure”

Eskom boss Brian Molefe and Mr Gupta made 58 telephone calls to one another between August 2015 and March 2016. BBC

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Deeper Life gets own university as FG approves 8 new private varsities
Next Nigeria’s made in China war ship arrives Nigeria Friday

Related Stories

NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›
  • National News

NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›

September 13, 2026
Suspected ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌​‍‍​‌‌​alcohol poisoning: Ondo Govt. confirms 29 deaths, 60 cases Ondo state
  • National News

Suspected ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌​‍‍​‌‌​alcohol poisoning: Ondo Govt. confirms 29 deaths, 60 cases

September 12, 2026
FG clears N18bn severance package for 2,700 Nigeria Airways workers
  • National News

FG clears N18bn severance package for 2,700 Nigeria Airways workers

September 11, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Arise Tv and feedback, by Tonnie Iredia
  • Commentaries

Arise Tv and feedback, by Tonnie Iredia

September 14, 2026
Terror Plot: Gov. Adeleke Urges Osun Residents to Report Suspicious Activities as DSS Uncovers Security Threat
  • Metro News

Terror Plot: Gov. Adeleke Urges Osun Residents to Report Suspicious Activities as DSS Uncovers Security Threat

September 13, 2026
My Desk Is Enough: What Achebe’s Things Fall Apart Teaches Us About the Sundiata Post Model, By Max Amuchie
  • Commentaries

My Desk Is Enough: What Achebe’s Things Fall Apart Teaches Us About the Sundiata Post Model, By Max Amuchie

September 13, 2026
NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›
  • National News

NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›

September 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.