Possibly 'reckless decision': Probe finds shortcomings in loans granted to Mashatile's son-in-law

A Gauteng Partnership Fund (GPF) investigation has found that the loans it granted to Deputy President Paul Mashatile's son-in-law Nceba Nonkwelo's company were possibly reckless and not in the GPF's best interest.

At a press conference on Monday, Human Settlements MEC Lebogang Maile, flanked by GPF CEO Lindiwe Kwele, presented the report following an investigation by Gildenhuys Malatji Incorporated (GMI).

The investigation sought to determine the circumstances around the loans totalling R24.9 million to Nonkwelo's company, Nonkwelo Investments, between 2013 and 2017. The loans were for the construction of student accommodation in Highlands, Johannesburg, that was never done.

Shortly after News24 published these revelations in July, Maile ordered the GPF board to launch the investigation and report back to him within 30 days. It has been three months since that deadline passed.