Thu Oct 27 22:51:06 SAST 2016
Order restored at Sun City Prison after fiery protest over inmates’ TVs

Correctional Services said that “matters are under control” at Johannesburg’s Sun City Prison on Wed.

Kebble's buddies to repay millions

By Zukile Majova | Jul 31, 2009 | COMMENTS [ 0 ]

TRUSTEES of the estate of Brett Kebble are demanding millions of rands from former leaders of the ANC Youth League and its investment arm Lembede Holdings.

They are said to have benefitted from their relationship with the slain mining magnate. Also said to have benefitted are senior ANC members who had a relationship with Kebble.

The trustees have listed ANCYL member Lunga Ncwana, his wife Nora and the Ncwana Family Trust as having received up to R10million from Kebble between 2003 and 2005.

Various branches of the league are listed as owing a combined R4,6million.

The Kebble trust is also demanding R1,3million from the previous ANCYL NEC and R846147 from former ANCYL leader Songezo Mjongile.

It claims Kebble also made a R500000 donation to former ANCYL general secretary Sihle Zikalala.

Members of the current board of directors at Lembede have told Sowetan that the company had distanced itself from the claims and had advised the trustees to demand the cash from the implicated former leaders.

They said that the previous administrators had not kept records of the company's financial audits and that there were no records that the company had benefitted as an entity from the dealings with Kebble.

Lembede board chairperson Pule Mabe told Sowetan a due diligence report showed that the company had no accounting and audit records.

"This means we are unable to institute criminal charges against the previous chief executives for maladministration. The due diligence report found that Lembede does not have any audit reports despite having had at least three chief executives since it was incorporated."

Mabe said the board had decided to restructure the company, which is estimated to be worth close to R200million.

During the ANCYL's conference in Mangaung last year, the league's former treasurer Phumezo Mgingwa said the company had mineral resources worth R122million.

"Part of the restructuring process will consolidate the assets of the company into a developmental trust to benefit the youth," said Mabe.


Login OR Join up TO COMMENT