Hamilton Ndlovu banned from doing business with state as Special Tribunal declares lucrative contracts unlawful

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

South Africa News News

The Special Tribunal has set aside and declared unlawful contracts worth more than R150m awarded to controversial businessman Hamilton Ndlovu and companies related to him.

Ndlovu and his companies have also been blacklisted from doing business with the state in terms of section 15 of the Preferential Procurement Policy Framework Act.

Ndlovu leapt into the public domain in May 2020 after posting video footage online and boasting about buying a fleet of luxury vehicles worth about R11m. They included three Porsches, a Jeep and a Lamborghini Urus SUV. The Special Tribunal also ruled that a number of assets, including funds that have already been preserved, be forfeited to the state.

Four companies were also declared liable to the NHLS to repay amounts ranging from R5,000 to R157,000 that were paid into their accounts from the proceeds of the unlawful contracts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why is he not arrested?

Shame man!

When will this country declare thieves like GLENCORE banned from doing business in South Africa? International criminals like Glencore must not be allowed to conduct business here. When are banks closing their accounts for reputational risks? SA is a joke under this crook.

This guy has no one to blame but himself. If he didn’t go and flash his ill gotten gains on social media for the world to see, he could have vanished into the cracks, but true kazi style, he had to impress. 😂🤣

Zimkhalele for real, so many orders, it’s repayments galore🙆🏾‍♂️😂

Gatsheni , boyabenyathi zykhala manje

Zukhalile ku Gatsheni madoda!

If this guy has been found to have done something wrong,he must face prosecution together with whoever he was in cahoots with.

I'm desperate for any employment. I'm willing to be a slave boy or a servant too. Just for my kids🙏. My children are suffering because I struggle to put food on the table for them😭. Last night they slept hungry and that broke me as a father💔.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hamilton Ndlovu banned from doing business with state as Special Tribunal declares lucrative contracts unlawfulThe Special Tribunal has set aside and declared as unlawful contracts worth more than R150m awarded to controversial businessman Hamilton Ndlovu and companies related to him. Njani Jail Time🙆🏿‍♂️🙆🏿‍♂️🙆🏿‍♂️ Damn I wanted to be like this gent 😪 Nothing will be done, it's a sin being a tax payer.
Source: TimesLIVE - 🏆 28. / 59 Read more »