An independent forensic investigation by one of Africa’s leading professional audit firms has cleared the CEO and two officials of the National Empowerment Fund (NEF) of allegations of corruption, the Minister of Trade and industry, Dr. Rob Davies and Director General (DG) Lionel October announced in a statement issued on Monday.
“We have noted that the report by Deloitte had concluded that there are no grounds to pursue further allegations that were directed at the senior leadership of the NEF.”
This was after the department was presented with a report from an anonymous whistleblower alleging misconduct in the National Empowerment Fund (NEF). In light of the nature of these allegations, the fact that they emanated from an apparent 'insiders', and that some of them had been reported in the media, the dti felt that it had no option other than to request the NEF Board of Trustees to conduct an independent investigation.
This was in line with the NEF policy, to establish in the first instance, whether or not anyone had a case to answer. The Board contracted Deloitte to carry out that task and Deloitte has now completed its work and reported to the Board.
In light of these developments we call on all staff and stakeholders to unite in implementing the core mandate of the National Empowerment Fund (NEF) to promote Broad Based Economic Empowerment. The department and the Minister remain ready to assist in any way practicable.
Enquiries:
Sidwell Medupe, Departmental Spokesperson
Cell: 079 492 1774
Tel: 012 394 1650
E-mail: MSMedupe@thedti.gov.za
