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Shayne's World: How R1.8bn in UIF cash vanished in Co...

How does one lose nearly R2bn in public money? One way, it seems, is to invest it in a business with loads of debt buried beneath an insanely complex corporate structure. We unpack how the Unemployment Insurance Fund, and others, got burnt in the Bounty Brands debacle. How does one lose nearly. ....

South Africa , United Kingdom , British Virgin Islands , Cape Town , Western Cape , City Of , South African , Rachel Mphephu , Peter Spinks , Markus Jooste , Gary Shayne , Chris Dillon , Moretlo Molefi , Karsten Wellner , Zweli Mkhize , Nardus Engelbrecht , Stefan Rabe , Lawrence Mulaudzi , Kefolile Health Investment Holdings , Bounty Brands Financial Services , Department Of Labour , Credit Suisse , Public Investment Corporation , Breadfruit Holdings , Bounty Brands Pty Ltd To Greenpoint Capital , Cape Town High Court ,

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 ,