An audit of a German industrial company allegedly shows it paid R300-million to secure the sale of submarines to South Africa, media reports say.

SA opposition says link between ‘moral giant’ and Ferrostaal is not appropriate as corruption claims hang over company involved in arms trade.

German industrial giant MAN Ferrostaal said on Sunday it had never made any payments to President Thabo Mbeki or Jacob Zuma.

President Thabo Mbeki should open an judicial inquiry to probe whether SA’s multibillion-rand arms deal was corrupt, said the Sunday Times.

Ex-spy Mhleli ”Paul” Madaka was the source of the sensational claim that President Thabo Mbeki accepted R30-million from a German arms bidder.

The Presidency on Sunday strongly rejected renewed allegations of arms-deal corruption involving President Thabo Mbeki.

President Thabo Mbeki was allegedly paid R30-million to guarantee a German shipbuilder would receive a submarine contract in the arms deal.