Time for ANC Youth League to Take Action |
Publication |
Business Day |
Date | 2007-03-19 |
Reporter |
Rob Rose |
Web Link |
IT IS a searing indictment of the African National Congress Youth League that it has taken no action against its member, Lunga Ncwana, who got millions from that late, great swindler, Brett Kebble.
Ncwana has been shin-deep in many of the sordid Kebble revelations, yet the youth league has blinkered itself to Ncwana’s role in this mess.
Why has Ncwana not been told to explain how he got R14m from Kebble, money which he then apparently used to buy a house for himself worth R4,7m and one for his mother worth R1,4m?
Ncwana sat on Randgold & Exploration’s board and was even a member of its remuneration committee.
This would have allowed him to see that Kebble earned R22500 from Randgold in 2003, and exactly zero the year before.
Kebble’s pickings — well, his legitimate pickings — were almost as slim from his other companies. For the year to March 2004, JCI paid Kebble R3,2m. Western Areas paid Kebble R1,2m from 2003 to 2005.
So did Ncwana really not think it strange that Kebble could simply hand over R14m in relation to the amount of legitimate money he could see going into Kebble’s bank account?
With acknowledgements to Rob Rose and Business Day.