Mazibuko to continue testifying at the State Capture Inquiry

The Reserve Bank‘s Shiwa Elijah Mazibuko is scheduled to continue testifying at the Judicial Commission of Inquiry into State Capture in Parktown, Johannesburg on Monday morning.

Advertisement

Mazibuko told the Commission on Friday that the Central Bank froze the accounts of the Gupta linked company, Homix, which was said to have facilitated a transaction between Transnet and Neotel.

Homix had exported R51 million in an unusually short space of time.

The Commission is also expected to hear testimony from former Transnet Chief Information Officer, Makano Muriel Mosidi.

On Friday, the commission also heard that Homix was irregularly paid over R40 million in consulting fees regarding the Transnet-Neotel deal.