DA calls for suspension of Competition Commission Head and EXCO members during forensic investigation
28 February 2019
Today I wrote to the Minister of Economic Development, Ebrahim Patel, asking him to suspend the Head of the Competition Commission, Mr Thembinkosi Bonakele, and other members of the Competition Commission’s Executive Committee.
This follows the launch of a forensic investigation into financial and administrative irregularities at the Commission. According to today’s edition of the Financial Mail, the probe will delve into the financial affairs of the Commission’s top executives to determine whether anyone is receiving kickbacks from external legal or IT service providers.
The investigation was alluded to in the 2019 Budget Review. Further details are provided in a leaked letter from National Treasury to the Economic Development Department (EDD), whose contents are reported in the Financial Mail.
The DA first called for such an investigation in July 2018. This followed responses to parliamentary questions revealing that Ndzabandzaba Attorneys received R72m in payments from the Commission between January 2015 and August 2018, and were channelled 70% of all cartel cases outsourced by the Commission.