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[LIVE BLOG] #StateCaptureInquiry: Jonas' testimony complete for the day

Former deputy finance minister Mcebisi Jonas will testify during the third day of the Judge Raymond Zondo's state capture inquiry.

[WATCH LIVE] State capture inquiry day 3

The inquiry adjourns until Monday at 10am.

"I have assembled a very strong legal team," Zondo says. "They will do their work properly."

Zondo reiterates this commission will do its job properly. 

"In you we trust, you dare not fail us," the SACP's memorandum reads.

SACP wants its memorandum placed on record.

Some of the applicants legal representatives are here today.

Arrangements will be made for him to come back.

Jonas is now excused for the day. His evidence is not yet finalised though.

A few parties implicated here have made applications to testify.

Zondo says he will weigh up if it's true that the Guptas said they control everything.

How deep did the phenomenon of state capture go, if indeed there was state capture? Zondo asks.

Jonas calls Des Van Rooyen's entrance as "fiasco of incapability" at Treasury.

Jonas says public debt in SA is really big. There were times when borrowing authority was literally undermined while Zuma was pres.

Jonas says there were attempts to break down the Treasury and frustrate it.

There is a component within Treasury that relies on strong support from President, says Jonas. 

Jonas will now talk about hostility experienced within Treasury.

Zondo will question Jonas on a number of questions. He says if Jonas doesn't know the answers, he must say so.

Adv Mokoena says Jonas' statement that there were attempts to write a statement for him by a Hawks official are concerning. He'd like Jonas to provide details on who this individual was. Jonas can't remember the name.

Zondo says it would be a matter of concern if what Jonas says about the Hawks; involvement is true.

Inquiry now resumes after the break.

Adjournment for lunch until 2pm.

Zondo says the DA has requested to participate in the inquiry. They wanted permission to examine witnesses who will testify. Zondo denied the party this request.

The removal of Mr Nene himself had dealt a blow to the credibility of SA, says Jonas. He says business confidence and the rand weakened substantially. 

The Guptas were already making R6 billion from the state and wanted to up it to R8 billion. Dubai was where they were stashing their money. The Guptas said they had made #DuduzaneZuma a billionaire and could make Jonas rich, Jonas says.

The Guptas in an affidavit denied the bribe meeting.

Jonas gave Madonsela transcripts of the meeting at the Gupta house.

BLF leader Andile Mngxitama is [unsurprisingly] not buying Jonas' story.

Duduzane Zuma and Fana Hlongwane could hear the whole conversation.

The Guptas wanted R8bil from the fiscus and wanted Jonas to help them get it.

Guptas almost punched him in the face for declining the bribe.

When Jonas told the Guptas he won't work with them, they said "Do you know who you are dealing with?".

"The old man [Zuma] will do everything that we tell him to," the Guptas told Jonas

Jonas confirmed to Madonsela that he met the Guptas at their home.

Jonas was also interviewed by form PP Thuli Madonsela for the State of Capture report.

The Hawks' intention was to kill the case.

Jonas refused to sign the statement by the Hawks as he believed the Hawks was compromised.

 Jonas says the Gupta brother threatened to kill him if he mentioned that the meeting occurred.

Vytjie Mentor, who will testify on Monday, is at the inquiry today.

Jonas is shown a copy of the statement he made to sign by the Hawks.

Jonas' attorney Max Boqwana was present at this time.

Jonas was told there is no case. He was told to say he doesn't want to make a statement and that he was not a witness to the bribing incident.

Major General told Jonas this was a DA matter and that he does not want to help the DA and that the matter should be killed.

Hawks major general contacted him and told him she was investigating the complaints. 

Jonas now speaks on his interaction with the Hawks. He was asked for a statement to finalise the case. He was told that he would be contacted after he submitted it.

Break is now over... How many more files will be dropped? We'll have to see.

Short adjournment until 11:15

Pressure from Jacob Zuma to approve the Nuclear deal on us was immense and was ultimately the trigger that led to the removal of Nene as minister. The nuclear deal at the time was a big issue, Jonas says. I was on a flight to PE when Mr Nene was removed. "The axe has fallen," a text from Nene to Jonas read. 

Jonas also knew that reporting the matter would come back to bite him due to threats made by the Guptas.

In October 2015, Jonas didn't see the use of reporting this to authorities because he considered them to be compromised and that nothing would be done.

Jonas and Nene met on the balcony of the Treasury offices, because they feared that conversations were being monitored. Jonas told Nene that he will be removed as minister. 

Hlongwane tried contacting Jonas but he did not meet him again.

Jonas says he considered submitting his resignation the following day, but Gordhan urged him to not yet do so.

Jonas says he confided in finance minister Nhlanhla Nene about the incident. He also called Hlongwane and expressed disgust about the incident. Jonas told Hlongwane that he should never again do what he did to him.

Jonas says when he was offered the R600 mil at Saxonwold, "I was angry wanted to leave. Gupta was agitated and told me what they do is legal. He says they earn about 6 billion and wanted to earn more and thought I could be helpful in this regard."

Jonas says the Gupta told him they were in control of everything and if he worked with them he would become very rich.

Jonas says he wasn't aware of the details of the meeting.

Former finance minister Mcebisi Jonas says he was driven to the Gupta Saxonworld home with Duduzane Zuma in his two-door Mercedes Benz. 

[WATCH] Follow the proceedings live here:

Will Jonas implicate Jacob Zuma today?

Good morning. Welcome to EWN's live blog on the state capture inquiry. It's set to be an interesting day with former deputy finance minister Mcebisi Jonas set to give testimony today.