GPF board ordered to probe ‘excessive loans’ amid Mashatile claims
Gauteng MEC for Human Settlements and Infrastructure Lebogang Maile has instructed the Board of Directors of the Gauteng Partnership Fund to urgently investigate claims of excessive loans granted by the entity.
The probe follows a report by News24 which claimed that GPF offered loans to Nonkwelo Investments, of which Deputy President Paul Mashatile’s son-in-law is a director.
The investment company reportedly received at least four loans from the GPF amounting to at least R30 million between 2013 and 2017.
Mashatile has also been accused of living in an R37 million house registered on a 99-year lease to Legacy Properties, where his son-in-law is also a director.
Last month, political newcomers Rise Mzansi called for an urgent investigation into the alleged lavish lifestyle of the deputy president following claims that entrepreneurs with government contracts, including corruption-accused Edwin Sodi, are funding his lifestyle.
“The board has been requested to furnish MEC Maile with the report on this matter within 30 days. The board has a fiduciary duty to exercise oversight and enhance the integrity of the entity, including investigating any accusations of corruption and maladministration,” said the MEC’s spokesperson Castro Ngobese.
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