Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Former judge ordered to repay R30m to Ingonyama Trust after irregular funds transfer

The Mercury

|

September 25, 2025

THE Pietermaritzburg High Court has ordered Sipho Jerome Ngwenya, the former chairperson of the Ingonyama Trust Board (ITB), to repay more than R30 million to the Ingonyama Trust within 30 days.

- NOMONDE ZONDI

This order stems from an unlawful transfer of funds from the Ingonyama Trust to Ngwenya’s lawyer, Jafta Incorporated trust account, which occurred under Ngwenya’s instruction.

The High Court found that Ngwenya, who is a former judge, lacked the ITB's authorisation to transfer funds from a property sale between the eThekwini Municipality and the Ingonyama Trust to Jafta Incorporated.

Furthermore, Ngwenya had previously defied court orders from 2024 and 2025 requiring him to explain his authority for moving funds that should have remained in the Ingonyama Trust bank account.

According to Vela Mngwengwe, former CEO of ITB, the Ingonyama Trust and eThekwini Municipality signed a sale agreement of land in Hammarsdale on June 29, 2018, for R31 172 000, which included occupational rental.

FLERE HISTORIER FRA The Mercury

The Mercury

The Mercury

G20 Summit in South Africa: A success for MSMEs despite the absence President Donald Trump

SOUTH Africa has officially done the unthinkable: pulled off the first-ever G20 Summit on African soil, smoothly, stylishly, and with enough gravitas to make global leaders nod thoughtfully while sipping rooibos tea.

time to read

3 mins

November 27, 2025

The Mercury

GBV: CYRIL MUST SHOW US THE MONEY

PRESIDENT Cyril Ramaphosa’ classification of gender-based violence and femicide (GBVF) as a national crisis is just empty words without a concrete plan on how to financially capacitate the organisations at the forefront of curbing the scourge.

time to read

1 mins

November 27, 2025

The Mercury

AmaZulu, Durban City chase wins

AMAZULU could climb to third in the Betway Premiership standings if they beat Richards Bay in the KZN derby tomorrow evening (7.

time to read

1 mins

November 27, 2025

The Mercury

Net salaries remained unchanged in October - PayInc Net Salary Index

NET salaries remained unchanged in October, according to the PayInc Net Salary Index, which tracks the average nominal net salaries of around 2.

time to read

2 mins

November 27, 2025

The Mercury

R60bn class action lawsuit against banks hits critical stage over inclusion of new evidence

THE long-running R60 billion class action bid against South Africa's major banks reaches a critical procedural stage today as the Gauteng High Court will hear an interlocutory application that could determine how much evidence will ultimately be allowed before the court.

time to read

2 mins

November 27, 2025

The Mercury

The Mercury

From grovelling to greatness: Proteas conquer their Everest

GROVEL.

time to read

3 mins

November 27, 2025

The Mercury

Cost of household food basket eases slightly in November, but affordability crisis deepens

THE Pietermaritzburg Economic Justice and Dignity Group’s (PMBEJD) Household Affordability Index for November shows a slight month-on-month decline in food costs, but civil society groups warn that nutritious food remains out of reach for millions of South Africans as the festive season begins.

time to read

2 mins

November 27, 2025

The Mercury

The Mercury

How innovative South African SMEs are thriving through digital transformation

RECENT reports of an uptick in business liquidations in South Africa, 145 in October alone, may have understandably set off alarm bells about the health of the country’s small business sector, but while closures have a profound impact on communities and livelihoods, they don't tell the full story.

time to read

2 mins

November 27, 2025

The Mercury

Major upgrade work underway at Nelson Mandela Capture Site

THE Nelson Mandela Capture Site in Howick is seeing a significant surge in international tourists as the heritage destination undergoes major infrastructure upgrades, including a new access road, improved parking, a gatehouse, and stormwater systems.

time to read

1 mins

November 27, 2025

The Mercury

OPEC+ nations again face thorny issue of how much they can pump

OPEC+ nations gathering this weekend are once again grappling with the thorny question of how much oil they're physically able to pump.

time to read

2 mins

November 27, 2025

Listen

Translate

Share

-
+

Change font size