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Fiona Forde Examines the “Anatomy” of Malema’s Ratanang Family Trust Fund

An Inconvenient YouthIn a recent column for the Mail & Guardian‘s Centre for Investigative Journalism – amaBhungane – Fiona Forde, author of An Inconvenient Youth: Julius Malema and the ‘New’ ANC, looks at the “anatomy” of Malema’s Ratanang Family Trust Fund:

Julius Malema is doling out state tenders to his pals through a company that is part-owned by his family trust.

The Ratanang Family Trust, founded by Malema, the ANC Youth League leader, holds shares in On-Point Engineering, which administers a large part of the multibillion-rand budget of Limpopo’s roads and transport department.

This means that Malema has at least indirect influence over who is awarded tenders from a three-year budget allocation of reportedly R4.6-billion — although he, On-Point and the department deny it.

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