Tag: Ingonyama Holdings

Court battle looms over R71m ‘missing’ from Ingonyama Holdings

By Paddy Harper The Ingonyama Trust Board is unable to account for R71 million “loaned” to its investment wing, Ingonyama Holdings, three years ago, because its former chairperson, Jerome Ngwenya, has refused to hand over financial records for auditing purposes.

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Permanent link to this article: https://www.customcontested.co.za/court-battle-looms-over-r71m-missing-from-ingonyama-holdings/

Ingonyama Trust chairperson defies Zulu king’s decision to fire him

By Paddy Harper Ingonyama Trust Board (ITB) chairperson Jerome Ngwenya has refused to accept Zulu King Misuzulu ka Zwelithini’s decision to remove him and replace him with Inkosi Thanduyise Mzimela.

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Permanent link to this article: https://www.customcontested.co.za/ingonyama-trust-chairperson-defies-zulu-kings-decision-to-fire-him/

Ingonyama Trust’s R41m ‘is gone, next move is to drain its coffers’

By Paddy Harper The Ingonyama Trust Board (ITB) and its business wing, Ingonyama Holdings, paid R41 million over a 12-month period to a company that was set up only five months before the payments began in March 2021.

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Permanent link to this article: https://www.customcontested.co.za/ingonyama-trusts-r41m-is-gone-next-move-is-to-drain-its-coffers/

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