Johnathan Paoli
Sekunjalo Investment Holdings has given notice that it intends to sue President Cyril Ramaphosa, the Presidency and other State organs for R75 billion for loss of earnings.
In a statement on Monday Sekunjalo said that the notice in terms of section 3(1) and (2) of the Institution of Legal Proceedings Against Certain Organs of State Act No 40 of 2002, reflected its intention to sue and claim damages amounting to $4 Billion (R75 billion), the calculated loss of earnings the group has suffered due to actions against it by various South African organs of state, including the Presidency.
Sekunjalo said it had delivered notices to Ramaphosa, the National Treasury, the Minister of Finance, and the Minister of Justice as well as the State Attorney.
This follows on what the investment company said was a protracted period of targeted sabotage whereby elements of state power were corruptly used to
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