13 March 2018

South Africa: Scorpio - Nics Paid R600,000 Into Makwakwa's Account. Today They Are SARS Debt Collectors

analysis

On Friday, SARS appointed a debt collector fingered in an alleged money laundering ring linked to Chief Officer Jonas Makwakwa. New Integrated Credit Solutions is now contracted to help the struggling revenue service to collect R16.6-billion. But the Pretoria-based company was mentioned in the damning investigative report that accused Makwakwa of stuffing hundreds of thousands of rand into ATMs and living far beyond his means, compiled by the Financial Intelligence Centre. By PAULI VAN WYK for SCORPIO.

A struggling SARS last week announced the appointment of New Integrated Credit Solutions and seven other agencies to recover R16.6-billion in order to boost revenue collection. In May 2016 Financial Intelligence Centre (FIC) investigators in a damning report said that more than R17-million of taxpayers' rands flowed through New Integrated Credit Solutions (NICS) and 12 other entities in order to finally dump R600,000 of it into the personal bank account of SARS' Chief Officer for Business and Individual Tax, Jonas Makwakwa.

The FIC report stated that New Integrated Credit Solutions paid Mahube Payment Solutions, a company linked to Patrick Monyeki, a reported friend and business associate of SARS Commissioner Tom Moyane. Monyeki's company is part of the same alleged money laundering ring, according...

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