In December 2023, Shumani Lawrence Mulaudzi signed a $1.2-billion (R20-billion) deal with state-owned PetroSA, appointing his company Equator Holdings to fund and build pipelines and other infrastructure for a future gas industry.
Four months later though, Equator was liquidated for failing to pay a R725 000 debt to a First Division soccer player.
“This discovery,” he later told the Johannesburg H...
