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Corruption: Now SIU to investigate East London IDZ President Cyril Ramaphosa has signed a proclamation to investigate allegations of corruption and maladministration in the affairs of ELIDZ. The investigation follows the signing of Proclamation R.20 of 2021 by President Cyril Ramaphosa.  “The proclamation authorises the SIU to investigate allegations of corruption and maladministration in the affairs of ELIDZ, and to recover any financial losses suffered by ELIDZ or state,” SIU spokesman, Kaizer Kganyago said.  The investigation will focus on the management of the Infrastructure Maintenance and Renewals Fund (“IMRF”) and the appropriation of the funds of the IMRF to the tune of R30 million; management or appropriation of funds received from the Department of Trade and Industry amounting to R21 million; appropriation of funds earmarked for the IMRF for other purposes; and the settlement that was paid to a former Chief Financial Officer (CFO) of the ELIDZ. 

South africaEastern capeSouth africanKaizer kganyagoCyril ramaphosaRenewals fundLondon industrial development zoneNational treasurySpecial investigating unitEast london industrial development zoneEastern cape provincePresident cyrilInfrastructure maintenanceChief financial officerAlexander golf courseProvincial treasury