A company that has received billions in government contracts and donated millions to the ANC, and whose director paid for the upkeep of Deputy President Paul Mashatile's former girlfriend, pocketed R90 million from a seemingly questionable land deal with the Gauteng Department of Human Settlements.
News24 can reveal in November 2022, Valumax, a property development company, walked away with R90 million after acquiring 26 land pieces from 18 property owners for R188 768 300 and then selling them to the department for R278 848 00.
One of Valumax's directors - Teddy Greaver - is an admitted friend of Mashatile.