South Africa: Dudu Myeni's 'Person' Behind Move to Get SAA to Pay BNP Capital R128 Million

Former SAA interim chief financial officer Phumeza Nhantsi was put under enormous pressure to sign off on a huge payout to BNP Capital. When she resisted, her role as a 'team player' was brought into question.

Just 48 hours into the job as interim CFO at SAA, Phumeza Nhantsi was handed a number for Dudu Myeni's "personal adviser", Masotsha Mngadi, then a senior Nedbank employee.

"Immediately when I joined, Dudu Myeni gave me his number and said he was an adviser and that if there were any questions, I should speak to him.

"This was about two days after I joined."

Mngadi would make contact first. Later, he would actively drive a controversial R15-billion deal involving BNP Capital, a company that allegedly had close ties to Myeni.

The deal raised multiple red flags including governance failures, the presence of a mysterious Russian-linked funder across three different bids, one of which included the Free State Development Corporation.

Nhantsi, a chartered accountant seconded to SAA in November 2015, told the State Capture Commission that when she first asked former board member Yakhe Kwinana about Mngadi and his role at SAA, Kwinana allegedly said he was "Dudu's person".

Nhantsi has been severely implicated...

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