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City sets record straight<p><br>It was recently stated in correspondence that Bidvest Prestige had been implicated in malfeasance and/or corruption in the Zondo Commission Report on State Capture. Neither this entity nor any of the entities associated with the Bidvest Group have in any way been implicated in the Report. This letter was unfounded and made in error. The City unequivocally withdraws the letter and tenders its apology to the Bidvest Group and any entities associated with the Bidvest Group.<br><br>It was also recently stated in correspondence that Ernst and Young had been implicated in malfeasance and/or corruption in the Zondo Commission Report on State Capture. The letter was unfounded and sent in error. The City unequivocally withdraws such statements and tenders its apology to Ernst and Young. </p><p>In addition, it was recently stated in correspondence that an entity described as ‘Pegasus Advisory’ had been implicated in malfeasance and/or corruption in the Zondo Commission Report on State Capture. The was unfounded and made in error. The City notes further that whilst the Pegasys group does not include any entity known as ‘Pegasus Advisory’, to the extent that any person who read the aforesaid media understood this to be a reference to an entity within the Pegasys Group, the City wishes to correct this misunderstanding.  It is not correct that ‘Pegasus Advisory’ is an entity within the Pegasys Group and the City unequivocally withdraws such statements and renders its’ apology to the Pegasys Group.<br> <br>                                                                                                                                                                                <br><strong>End</strong></p>2022-02-21T22:00:00ZGP0|#1d539e44-7c8c-4646-887d-386dc1d95d70;L0|#01d539e44-7c8c-4646-887d-386dc1d95d70|City news;GTSet|#62efe227-07aa-45e7-944c-ceebacca891dGP0|#6516fa5e-93e3-4953-9f54-0f246e1d7556;L0|#06516fa5e-93e3-4953-9f54-0f246e1d7556|City of Cape Town;GTSet|#2e3de6c1-9951-4747-8f53-470629a399bb10

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