Two corruption accused companies, Lebashe and Harith, are behind the R4. 5 Billion Beitbridge Upgrade project.
The companies recently obtained a cease and desist order against opposition leader, Bantu Holomisa, who wrote to SA President, Cyril Ramaphosa, alleging that the two companies are involved in corruption at the Public Investment Corporation (PIC).
The PIC handles over R2 Trillion of South Africa public funds and investments.
Harith CEO, Sipho Makhubela (47), says the African continental free trade area will create a big demand for infrastructure investments across Africa.
Makhubela’s company, Harith, is embarking on the modernisation of the Beitbridge Border through the R4. 5 Billion Zimborders project.
Other partners in the project include former MTN CEO Phutuma Nhleko and Remgro Chairman, John Rupert (through Pembani Remgro).
Most of the work will be done on the Zimbabwe side, and work should be done within 24 months.
– Wind Power Project in Kenya.
– Power station in Nigeria.
– Undersea Cable In Nigeria.
– 1.5km Urban Expressway Bridge in Cote d’ivore. The project reduced commuting time from one side of Abidjanto 20 minutes from 2 hours.
The goal of the Beitbridge project is to reduce the waiting time for trucks at the border to 24 hours from the current 65 hours (48 Hours waiting for customs clearance).
Beitbridge will get new advanced cargo scanners which will show what is in the trucks without unpacking them.
Harith manages $1bn in investments across Africa.
Tshepo Mahloele, Chair of Lebashe Holdings, Owner Of Sunday Times’ s parent company, Arena Holdings, is a former CEO and current executive director at Harith.