South Africa: 'This Is a WhatsApp Whistleblowing Message. I Don't Know How Else to Do It'

analysis

Out of desperation while on a pilgrimage in France, former SAA treasurer Cynthia Stimpel fired off a text message to officials at National Treasury, warning them of a dirty deal in the making. It was ignored.

They had stalled and blocked her at every turn, but former SAA treasurer Cynthia Stimpel was relentless in her efforts to stop a R15-billion cash- raising deal from being pulled off outside of due process - and with the help of a transaction adviser for R300-million - while South African banks could do it cheaper.

The national carrier was embroiled in a massive scandal around this deal in 2016, and on Thursday 13 June 2019 the State Capture Commission heard how Stimpel, during a walking pilgrimage in France over Easter that year, got word from a colleague that BnP Capital, initially recommended as a transaction adviser at a fee of R2.6-million for the deal, would now also be sourcing the loan for SAA.

Deeply disturbed, she went to a coffee shop to access Wi-Fi and wrote to Treasury officials:

"This is a WhatsApp whistleblowing message. I don't know how else to do it."

Stimpel continued by writing that she had just received notice that...

See What Everyone is Watching

More From: Daily Maverick

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.