Baleka Mbete cleared of wrongdoing

Mbete was cleared by Parliament's Ethics Committee after acquiring shares in a mining company.

Mbete was cleared by Parliament's Ethics Committee after acquiring shares in a mining company. Picture: EWN.

CAPE TOWN - Parliament's Ethics Committee has cleared National Assembly speaker Baleka Mbete of any breach of the Code of Ethics for Members of Parliament (MP) related to her acquisition of shares in mining company, Gold Fields.

United Democratic Movement leader Bantu Holomisa laid a complaint with the committee over allegations that Mbete may have acquired the shares improperly and asked it to investigate.

The ethics committee says the speaker was not an MP at the time she received the Gold Fields shares and thus cannot be found to have contravened the Code of Ethics for MPs.

The Mail & Guardian reported in September last year that an investigation by an American law firm had found that a R25 million share hand out to Mbete in 2010 amounted to bribery.

Commissioned by Gold Fields itself, the investigators reportedly found her cut was substantially boosted after an alleged threat made by someone believed to be representing her.

The committee says Mbete has disclosed all her financial interests as required by Parliament's joint rules.