Lebashe is disappointed with Holomisa’s baseless allegations at the PIC Inquiry

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The Lebashe Investment Group strongly refutes and is disappointed with the unfounded and reckless allegations made by Mr. Bantu Holomisa at the Commission of Inquiry into the Public Investment Corporation today.

Lebashe’s dealings with the PIC are above board and in line with the relevant corporate governance regulations. In the interest of transparency, we previously stated that we are willing to provide access to Mr. Holomisa or any other interested South African regarding our dealings with the PIC.

Mr. Holomisa made the very same allegations in the Pretoria High Court last year. After Lebashe addressed the allegations, Judge Tlhapi, in a written judgement ruled in Lebashe’s favour and declared Mr. Holomisa’s allegations to be unfounded remarks as no evidence to support the allegations were submitted to the Court.

His modus operandi was also evident at the PIC Inquiry today as the same allegations were made without any supporting evidence.

To this end, we have instructed our attorneys to approach the Commission to seek clarity on why the affected parties were not informed of Mr. Holomisa’s evidence beforehand in compliance with the Rules governing the proceedings of the PIC Inquiry.

Our attorneys will also inform the Commission about the decision of the High Court which granted an order in favour of Lebashe interdicting Mr. Holomisa from making further defamatory statements. In short, the Court found Mr Holomisa’s allegations to be unfounded.

Our attorneys are preparing an application in terms of the Rules governing the PIC Commission of Inquiry for the right to cross examine Mr. Holomisa as a result of the prejudice suffered by Lebashe as consequence of not having received prior written notice.

Importantly, further legal proceedings were instituted by us in the High Court, subsequent to Mr. Holomisa’s application for leave to appeal the ruling of the same court, in which damages are being claimed as a result of the reputational harm caused by his defamatory allegations.

We have also instructed our attorneys to bring an urgent application to enforce the Court Order pending the outcome of the appeal. Mr. Holomisa’s ongoing defamation campaign is harming our businesses and has no truth nor credibility.




For media queries, please contact Khaya Buthelezi on Cell: 071 364 7296 or Email: khaya.buthelezi@fleishman.co.za