source: News24
02/08/2008 22:30 – (SA)
Johannesburg – President Thabo Mbeki was allegedly paid R30m by a German shipbuilding company to guarantee it would receive a submarine contract in South Africa’s multi-billion rand arms deal, said the Sunday Times on Saturday.
The newspaper said in an article to be published on Sunday, that a secret report compiled in 2007 by a United Kingdom specialist risk company revealed the deal.
Mbeki allegedly gave R2m of the money to Jacob Zuma and the rest to the African National Congress.
The consultancy was apparently commissioned to write the report by a leading Central European manufacturer to investigate the business practices of shipbuilder, MAN Ferrostaal, which had launched a hostile takeover bid against it.
MAN Ferrostaal, which led the German Submarine Consortium (GSC), won a more than R6bn contract to sell three submarines to the SA Navy.
Promises of project
In return it apparently promised to build a R6bn stainless steel mill at [continue reading]
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