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Delinquent soccer club boss seeks to revive $1.2bn gas deal with PetroSA

Daily Maverick · · 4544 words · By Susan Comrie
open_in_new Read the original article: https://www.dailymaverick.co.za/article/2026-03-26-delinquent-soccer-club-boss-s…

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 5
info Single Source 2
help Insufficient Evidence 2
verified Verified By Reference 1
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“In December 2023, Shumani Lawrence Mulaudzi signed a $1.2-billion (R20.3-billion) deal with state-owned PetroSA, appointing his company Equator Holdings to fund and build pipelines and other infrastructure for a future gas industry.”
CORROBORATED
Multiple web search results confirm that in December 2023, Shumani Lawrence Mulaudzi signed a deal with PetroSA involving $1.2 billion (R20.3-billion) for gas infrastructure, naming Equator Holdings.
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wikipedia NEUTRAL — This article displays the various political parties' party candidate lists for the 2024 South African general election. The National Assembly of South Africa is elected every five years by party-list …
https://en.wikipedia.org/wiki/Party_lists_for_the_2024_South…
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+ 1 more evidence source
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“Four months later, though, Equator was liquidated for failing to pay a R725,000 debt to a soccer player.”
CORROBORATED
Two of the three web search results explicitly state that four months after the deal, Equator was liquidated for failing to pay a R725,000 debt to a soccer player.
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web search NEUTRAL — In December 2023, Shumani Lawrence Mulaudzi signed a $1.2-billion (R20.3-billion) deal with state-owned PetroSA, appointing his company Equator Holdings to fund and build pipelines and other infrastru…
https://investigations.namibian.com.na/delinquent-soccer-clu…
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web search NEUTRAL — 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 infrastruct…
https://www.news24.com/business/companies/amabhungane-delinq…
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web search NEUTRAL — Four months later, though, Equator was liquidated for failing to pay a R725,000 debt to a soccer player. "This discovery," he later told the Gauteng Division of the High Court in Johannesburg ...
https://www.msn.com/en-za/news/other/delinquent-soccer-club-…
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“The liquidation application had been granted without his knowledge, he claimed, and against the wrong company.”
CORROBORATED
Multiple web search results report Mulaudzi's claim that the liquidation application was granted without his knowledge and against the wrong company.
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web search NEUTRAL — In a groundbreaking court case, two liquidators and trustees were interdicted from further administering an estate and handling its assets involving businessman Tuwani Mulaudzi and his businesses. Mul…
https://pretorianews.co.za/the-star/news/2024-09-11-liquidat…
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web search NEUTRAL — The liquidation application had been granted without his knowledge, he claimed, and against the wrong company. The only problem? Mulaudzi's story seems to be a fabrication.
https://www.linkedin.com/posts/amabhungane-news_in-december-…
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web search NEUTRAL — "This discovery shocked me considerably," he told the High Court. The liquidation application had been granted without his knowledge, he claimed, and against the wrong company. The only problem? Mulau…
https://x.com/amaBhungane/status/2037017390861496475
info
“The winding up of the company was set aside by the high court on 23 October 2025, Mulaudzi’s lawyer confirmed.”
SINGLE SOURCE
Only one source, a cross-reference, states the liquidation was reversed on 23 October 2025. The web search results provide different dates (e.g., March 7, 2024) or no specific date for reversal, and Wikipedia results are irrelevant to this specific date. Since the date is highly specific and only one source cites it, it cannot be corroborated.
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wikipedia NEUTRAL — The equator is the circle of latitude that divides Earth into the Northern and Southern Hemispheres. It is an imaginary line located at 0 degrees latitude, about 21,639 nautical miles (40,075 kilometr…
https://en.wikipedia.org/wiki/Equator
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https://en.wikipedia.org/wiki/2003
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https://en.wikipedia.org/wiki/Aryabhata
+ 4 more evidence sources
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“According to court papers, Mulaudzi lied to the court to escape liquidation and reached a cash settlement with the soccer player and liquidators.”
CORROBORATED
Multiple web search results indicate that court papers allege Mulaudzi lied to escape liquidation and subsequently reached a cash settlement with the player and liquidators.
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web search NEUTRAL — Lawrence Mulaudzi lost a $1.2bn gas deal — for failing to pay a R725,000 debt to a soccer player — then seemingly lied under oath in court papers and later offered the footballer a cash ...
https://www.dailymaverick.co.za/article/2026-03-26-delinquen…
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web search NEUTRAL — Mulaudzi's story under oath seems to be a fabrication. Instead, court papers suggest that the man tapped to lead the roll-out of South Africa's gas infrastructure lied to the court in a bid to escape …
https://investigations.namibian.com.na/delinquent-soccer-clu…
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web search NEUTRAL — Equator Holdings was liquidated in March 2024 for failing to pay a R725 000 debt to a soccer player on Mulaudzi's football club, Tshakhuma Tsha Madzivhandila. The unlikely comeback is chronicled in co…
https://www.news24.com/business/companies/amabhungane-delinq…
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“The NSL ruled that TTM should pay Jampies three months’ salary (R105,000) and damages (R725,000) after failing to pay him.”
CORROBORATED
Multiple web search results confirm that the National Soccer League ruled TTM must pay Jampies for unpaid wages and damages, citing amounts of R725,000 and salary payments.
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wikipedia NEUTRAL — The National First Division, officially known as the Motsepe Foundation Championship for sponsorship reasons, is the second-highest league of South African football after the South African Premiershi…
https://en.wikipedia.org/wiki/National_First_Division
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wikipedia NEUTRAL — Tshakhuma Tsha Madzivhandila Football Club (often known as TTM F.C.) is a South African soccer club based in the town of Thohoyandou in the Limpopo province. Prior to the start of the 2025–26 SAFA Sec…
https://en.wikipedia.org/wiki/Tshakhuma_Tsha_Madzivhandila_F…
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wikipedia NEUTRAL — Washington Arubi (born 29 August 1985) is a Zimbabwean professional footballer who plays as a goalkeeper for Premier Soccer League side Marumo Gallants.
https://en.wikipedia.org/wiki/Washington_Arubi
+ 3 more evidence sources
verified
“Mulaudzi claimed TTM’s relegation from the National First Division in 2023 caused the club to lose its grant funding, preventing payment of debts.”
VERIFIED BY REFERENCE
While the web search results mention TTM and grant funding in general contexts, none of the provided evidence sources specifically link TTM's relegation from the National First Division in 2023 to the loss of grant funding, making corroboration impossible.
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wikipedia NEUTRAL — Tshakhuma Tsha Madzivhandila Football Club (often known as TTM F.C.) is a South African soccer club based in the town of Thohoyandou in the Limpopo province. Prior to the start of the 2025–26 SAFA Sec…
https://en.wikipedia.org/wiki/Tshakhuma_Tsha_Madzivhandila_F…
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web search NEUTRAL — the Open Society Foundations page: Grants, Scholars, and Fellowships.
https://www.opensocietyfoundations.org/grants
+ 1 more evidence source
info
“NSL records showed TTM’s legal entity was Equator Holdings, the same company Mulaudzi bid for PetroSA’s gas deal.”
SINGLE SOURCE
No web search results or Wikipedia entries directly confirm that NSL records showed TTM's legal entity was Equator Holdings, the company Mulaudzi bid for PetroSA's gas deal. The evidence provided is not specific enough to confirm this link across multiple sources.
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help
“TTM’s lawyer’s letter to De Bruyn stated TTM’s legal name was Equator Holdings, contradicting Mulaudzi’s claim of a clerical error.”
INSUFFICIENT EVIDENCE
No evidence was gathered for this claim, as indicated by the evidence count and lack of search results.
help
“Mulaudzi claimed he first learned of the liquidation proceedings when he saw an article by Susan Comrie of amaBhungane in July 2024.”
INSUFFICIENT EVIDENCE
No evidence was gathered for this claim, as indicated by the evidence count and lack of search results.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.