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.
Tag: Ingonyama Holdings
Permanent link to this article: https://www.customcontested.co.za/court-battle-looms-over-r71m-missing-from-ingonyama-holdings/
May 03 2023
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.
Permanent link to this article: https://www.customcontested.co.za/ingonyama-trust-chairperson-defies-zulu-kings-decision-to-fire-him/
Mar 22 2023
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.
Permanent link to this article: https://www.customcontested.co.za/ingonyama-trusts-r41m-is-gone-next-move-is-to-drain-its-coffers/