EXCLUSIVE | Axed finance boss cost Central Energy Fund millions, report shows | Fin24

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The fund's CFO and long-time employee, Lufuno Makhuba, has been dismissed after a disciplinary process found him guilty of gross misconduct and insubordination. | Fin24

The former chief financial officer of the Central Energy Fund cost the fund millions due to gross misconduct and insubordination, according to allegations levelled against him during a disciplinary

process. Lufuno Makhuba was subsequently dismissed from his position earlier this year. Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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Fin24 Jail time? Corruption continues ‘cause no one gets convicted. It’s big crime syndicate.

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Fin24 How many CEF CFO’s have been guilty of corruption, fraud, theft, or whatever you want to call it? The answer is — way too many. How many are in jail? None as far as I recall. Viva!

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