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UIF invested R1.7bn in Vans, Diesel distributor. Most of the money may be gone

The Unemployment Insurance Fund is investigating what is left of its R1.7 billion investment in companies that bought stakes in Bounty Brands. ....

South Africa , South African , Stefan Rabe , Lawrence Mulaudzi , Zweli Mkhize , Kefolile Consumer Brands Holdings , Government Employee Pension Fund , Public Investment Corporation , Unemployment Insurance Fund , Daily Maverick , Health Minister Zweli Mkhize , Bounty Brands , Bounty Brand , Kefolile Consumer Brands , Bright Glacier Trading , Government Employee Pension , Bright Glacier ,

Former ANC treasurer-general Zweli Mkhize’s trust scored an upmarket property thanks to a R1.37-billion Public Investment Corporation deal. It turns out the Unemployment Insurance Fund, which supplied the funding, has lost a staggering R1.8-billion thanks to this transaction and an earlier de. ....

South Africa , Peter Spinks , Stefan Rabe , Moretlo Molefi , Lawrence Mulaudzi , Zweli Mkhize , Lynette Moretlo Molefi , Public Investment Corporation , Unemployment Insurance Fund , Bounty Brands , Bright Glacier , Kefolile Consumer Brands , Bright Glacier Trading , Glacier Trading , Bounty Brand , Kefolile Consumer ,

UIF invested R1.7bn in Vans, Diesel distributor, most of the money may be gone

The Unemployment Insurance Fund (UIF) is currently checking whether anything is left of the R1.7-billion it invested in Bounty Brands, a group that distributes global apparel brands Vans and Diesel in South Africa. A new report has also linked former Health Minister Zweli Mkhize to the embattled company, alleging that he received millions from a suspect transaction via a trust. ....

South Africa , South African , Stefan Rabe , Lawrence Mulaudzi , Zweli Mkhize , Kefolile Consumer Brands Holdings , Government Employee Pension Fund , Public Investment Corporation , Unemployment Insurance Fund , Bounty Brands , Health Minister Zweli Mkhize , Daily Maverick , Bounty Brand , Kefolile Consumer Brands , Bright Glacier Trading , Government Employee Pension , Bright Glacier ,

Exposed: Zweli Mkhize's R6m 'cut' from PIC's R1...

Controversial businessman Lawrence Mulaudzi in 2018 pocketed a R47.5m advisory fee from a R1.37bn Public Investment Corporation deal. The very next day after his windfall, Mulaudzi paid nearly R6-million to a transfer attorney’s account for an upmarket townhouse bought by the family trust of. ....

South Africa , Rachel Mphephu , Peter Spinks , Mulaudzi Kefolile , Zweli Mkhize , Stefan Rabe , James Nogu , Lawrence Mulaudzi , Lynette Moretlo Molefi , Department Of Health Doh Digital Vibes , Mkhize Department , Public Investment Corporation , Lex Mpati Commission Of Inquiry , Mulaudzi Blackgold Oil , Blackgold Oil , Gallo Images City Press Leon Sadiki , Fund Investment Panel , Mpati Commission , Unemployment Insurance Fund , Judge Lex Mpati , Businessman Lawrence Mulaudzi , Press Ombudsman , Total South , Kefolile Consumer , Bounty Brands , Bright Glacier ,