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Buthelezi scored tender worth R150 million with Prasa

Buthelezi Scored Tender

Deputy Finance Minister Sfiso Buthelezi and his brother have scored a tender worth R150 million with the passenger Rail Agency of South Africa (Prasa) and its suppliers.

Reports says Inala Shipping a company owned by Nkanyiso Buthelezi was appointed to manage the shipping and logistic for the importing of the trains.

It is understood that Swifambo Rail Leasing, the supplier of Prasa’s controversial Afro 4000 locomotive.

The deputy minister said to be ultimate beneficiary, since 2014 and 2015 handling the customs clearing portion of the importing of the Spanish-built trains.

Buthelezi was sworn as Deputy Finance minister on March 31 following president Jacob Zuma’s cabinet reshuffled that sucked Pravin Gordhan and Mcebisi Jonas booted from the finance selection.

He is a former adviser to Zuma during his time as MEC for economic development in KwaZulu-Natal.

that Based on the reports Sebenza says Swifambo had paid it about R100 million. The company explained that of this amount, only about R3.4 million was for its service fee, with the rest of the money having been used to pay the VAT, customs duty fees and shipping line charges on behalf of Swifambo for importing the locomotives.

Inala pocketed about R1. 5 million in “profit share” from the deal, explained Sebenza.

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