Business Day

Van Rooyen plays ‘white capital’ card

- Mawande AmaShabala­la

Des van Rooyen, the minister with the shortest stint at the Treasury, opened his testimony at the state capture inquiry with a 20-minute political speech on Tuesday. He asked the commission to expand its terms of reference to look into the influence of “white monopoly capital” on the SA democratic state.

Des van Rooyen, the minister with the shortest stint at the National Treasury, opened his testimony at the state capture inquiry with a 20-minute political speech on Tuesday.

He asked the commission to expand its terms of reference to look into the influence of “white monopoly capital” on the SA democratic state.

An ally of former president Jacob Zuma, he was redeployed to the department of co-operative governance & traditiona­l affairs four days into his job as finance minister after intense pressure from the public and the private sector.

Van Rooyen said it was worrisome that everyone associated with the former president is being painted as corrupt.

“It is important for me to emphasise that the court of public opinion has long concluded that anyone associated with his excellency president Jacob Zuma is corrupt,” he said. “It is interestin­g but not surprising to note that this is the political narrative of media owned by white monopoly capital.”

Van Rooyen said a state capture commission with extended terms of reference would reveal that it was white monopoly capital that had captured the state.

As an example he said that many officials who work for the Treasury are absorbed by corporate SA when they leave the government.

“I support the call for the expansion of this commission’s terms of reference to establish the relationsh­ip of white capital to our new democratic state,” he said. “Why did this new government allow a foreigner — Coleman Andrews, the former CEO of SAA — to sell 61 aircraft and went back to leasing them at R1.6bn per annum?” he asked.

“As if this was not enough, he was given a golden handshake of R250m.”

Van Rooyen said white monopoly capital, which he claimed influenced the outcome of the ANC conference at Nasrec in 2017, was having a free ride.

More worrying, he added, were allegation­s that judges were paid money but documents proving this had been sealed by the courts.

“If the terms of reference are extended, we will get to understand why these things are happening,” he said.

“I am more worried about this developmen­t about Nasrec because there is an embargoed report which at some stage will shed more light.”

Van Rooyen complained that the commission had taken two years to give him the opportunit­y to state his side of the story regarding allegation­s related to him. But he added that at least the commission had done so — unlike former public protector Thuli Madonsela, who he said never gave him the opportunit­y to be heard before making adverse comments.

Van Rooyen’s legal team earlier in the day cross-examined former Treasury directorge­neral Lungisa Fuzile.

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