BizNews Radio

One of the Campus Six has cracked. Jason Goodall, former chief executive of Dimension Data and NTT, signs a statement naming four former colleagues and agrees to pay NTT R208.6 million. In a special BizNews Edge, Alec Hogg reads the private WhatsApp Goodall sent those same colleagues on the day he settled, puts the four’s detailed reply on the record, and asks why a man would pay that much to say something untrue. Paul Hoffman SC explains why the appeal court may never consider the statement at all. Alec then turns to Africa Bitcoin Corporation, formerly Altvest, where the board has publicly opposed its own controlling shareholder. And he answers the questions put to him on social media: how BizNews came to own shares in the company, why it hasn’t sold them, and the disclosure he admits he should have made.

Two days after their first take on the Dimension Data campus saga, David Shapiro and Alec Hogg came back to it with the remaining four directors' rebuttal in hand. The four said Jason Goodall's statement contradicted what he had said under oath, and that NTT's Japanese owners knew about the deal all along. Shapiro and Hogg asked how that defence squares with Goodall's account, and why a man who rose to run NTT would hand back so much money and implicate his former colleagues. Shapiro questioned what the six's claimed R70 million stake actually bought them, wondered aloud what the sixth man's silence means, and admitted he owed Jeremy Ord an apology over his account of the company's share sales two decades ago.

Political commentator Solly Moeng asks why the Madlanga Commission has heard Hangwani Maumela's name but has not called him, warning that commissions keep naming minions while the powerful are quietly protected. Paul Hoffman SC of Accountability Now unpacks Jason Goodall's bombshell confession over Dimension Data's Campus deal, saying it amounts to fraud and asking whether the criminal justice system will finally act. Afrimat CEO Andries van Heerden on the group's worst half ever, why cash generation held up, and the Lafarge lifeline. Plus Wall Street slides as an OpenAI revenue report hits chipmakers.

One of the campus six signed a confession and agreed to pay NTT R208 million. The other four said he was under pressure and cut a deal to save himself. Paul Hoffman SC of Accountability Now told Alec Hogg what Jason Goodall's statement means in law, and why the Supreme Court of Appeal, which reserved judgment in May, may not be able to consider it at all. He set out the criminal exposure he believes the remaining directors face, from fraud and conflict of interest to PRECCA and BEE fronting, and what he would advise the man who has gone quiet. He also explained how a plea deal could turn Goodall into a state witness, why no prosecutor has yet shown an interest, and why he thinks white-collar criminals in South Africa still calculate that they will get away with it.

In this interview, Chris Steyn talks to political commentator Solly Moeng about concerns relating to President Cyril Ramaphosa’s future handling of the recommendations of the Madlanga Commission. “We have to be supremely naive to think that the president doesn't go back to the party that deployed him to the top leadership of the ANC and just look at who sits around the table in the party to say, guys, here's a report. What do we do about it? So the discussion that we should be having in South Africa is what happens when the people who must implement the recommendations of the commission's report are themselves a problem.” As for certain people still not being called or still avoiding appearances before the commission, Moeng says “It's very easy, in the current system, for the public to be thrown peanuts and we're like, yeah, yeah, things are happening. But the key honchos get away with a lot of stuff because of political management of the evidence that comes from the commissions. It cannot just give us peripheral evidence from the branches of a tree while the core evidence that sits in the trunk of the tree is not called because there might be some political sensitivities around such evidence.” Moeng also gives his take on the “three monsters of his own creation” being faced by suspended Deputy National Commissioner General Shadrack Sibiya.