Market Theatre falling apart despite R100m state cash injection | The Star

Severe flooding and damaged ceilings after huge downpours at the R100million government-funded Market Theatre Foundation precinct have highlighted the extent of the suspected corruption eating away at the iconic institution. Graphic videos seen by The Star show how, following the completion of the massive investment in Newtown, Joburg, in 2017, a deluge in December that year ripped through what was supposed to be a state-of-the-art ceiling and flooded the brand new offices.

Allegations are that corruption by the MTF’s chief financial officer, Christine McDonald, was largely to blame for the poor-quality work. MTF chief executive Ismail Mahomed was fingered for the irregular extension of an IT contract to a company that the report said had close ties to McDonald. Last week, However, McDonald said she hadn’t been suspended but was on approved annual leave and would return to work later this month.“My full defence will be revealed in a whistle-blowing arbitration that I have invoked,” she said.

marinavanzyl TheStar_news Look to who is running it

TheStar_news Yup.

TheStar_news What a helluva surprise.

TheStar_news Too many 'artists' sucking the payment tit dry.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

MARKET WRAP: Asian stock surge fails to lift JSEMiners led the local bourse lower, despite the Shanghai composite jumping 5.6% on Monday, its best day in three years
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

'Please try next week' - rocky start as new Zim currency hits the marketMost banks in Zimbabwe were not selling US dollars to individuals holding RTGS (real-time gross settlement) dollars on the first day of trading, with numerous bank employees saying it simply does not make business sense.
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

Tymebank targets entry-level market with lower feesIts focus on the entry-level market pits Tymebank directly against Capitec
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Peugeot to re-enter US market as sales in Europe dwindleUncertainty over Brexit and an economic slowdown in Italy and Germany are weighing on car sales
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE pushes above 56,000 points, led up by platinumsPressure on the oil price has provided some support for retailers and banks, with platinum miners leading the gains, amid concern that the metal is entering bubble territory
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Rand range-bound as market mulls Brexit’s progressThe focus is on the UK, where MPs will debate progress in Brexit negotiations, while investors are also likely to pay close attention to the US-North Korea summit
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Transnet on a mission to meet lender in the international marketTransnet aims to raise R15bn over the next financial year, mostly from domestic sources after a qualified 2018 audit spooked lenders Transnet learning that governance key to securing capital, may not be easy to reduce number loco's on order
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE remains flat as miners gain and banks fallNaspers fell 4% after unbundling MultiChoice, which largely offset its parents losses, but a softer dollar overnight supported local miners
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Michael Jackson's Neverland Ranch back on marketNeverland Ranch in California is back on the market for $31 million, a steep cut from the asking price four years ago.
Источник: eNCA - 🏆 49. / 51 Прочитайте больше »

MARKET WRAP: JSE kicks off new month positivelyAfter gaining 3.41% in February, the all share began March with broad-based gains, with rand hedges leading the pack
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »