Security guard pension board paid themselves for 493 meetings in a year | Business

The Financial Services Tribunal has lashed out at former board members of the Private Security Sector Provident Fund , saying they abused their positions for self-enrichment by organising hundreds of pointless paid board meetings.

The fund oversees the retirement, funeral and death benefits for South Africa’s private security guards. It has around 330 000 members and assets in the region of R11.5 billion.for improper conduct, including holding needless meetings and ignoring procurement policies. The members were Cobus Bodenstein, Zithulise Mqadi, Marchel Coetzee, Anna Maoko and Jonnes Hlatswayo.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

GROUNDUP: Corruption-accused company Siyaya was ‘stuck’ prior to Judge Makhubele intervention, tribunal hearsAdvocate argues it was not unusual for a Prasa board chairperson to take an interest in legal matters, but former legal head questions the manner of engagement.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »