News24

Land Bank sues ANC heavyweights

2014-03-30 11:01

Johannesburg - The state-owned Land Bank has brought a claim against several ANC heavyweights, high-ranking government officials and property mogul Roux Shabangu, The Sunday Independent reports.

This was in a bid to recoup an unauthorised R82m loan it granted them for a bungled North West development.

The development was proposed as a huge tourism attraction in the Hartbeespoort area, with a hotel, conference centre, shopping centre and more than 400 sectional title units, the paper said.

But eight years after Westside Trading 570 signed the contract, the land was still vacant and had not been sold, the company was in liquidation, and the Land Bank was demanding its multi-million rand loan back with interest.

According to papers filed in the North Gauteng High Court in Pretoria, Westside Trading had failed to make payment of the R82m by the end of April 2009.

Summons was issued against the company and its nine directors, who stood surety and were co-principal debtors.

Shabangu, Gauteng legislature speaker Lindiwe Maseko, department of co-operative governance and traditional affairs chief operations officer Lydia Sebego, and former SABC board member Desmond Golding are among the nine shareholders in the company, the paper reported. Golding sits on the ANC's economic transformation committee and Cosatu's panel of progressive economists.

Comments
  • The Lion - 2014-03-30 11:06

    Desmond Golding are among the nine shareholders in the company, the paper reported. Golding sits on the ANC's economic transformation committee and Cosatu's panel of progressive economists. Cry my beloved country

      Wehr Wulf - 2014-03-30 11:16

      Same sht, different day. Time for people to commence a new struggle to rid ourselves of the cANCer.

      Mark Webster - 2014-03-30 11:20

      Is it Golding or GoldDigging?

      Ernest Foster - 2014-03-30 11:25

      "State owned land bank" with anc perpetrators mmm interesting as always. This money was basically stolen as is usual cadre procedure.

      Anthony Rees - 2014-03-30 11:34

      We need a graft court and firing squad asap.

      Cornie Cilliers - 2014-03-30 11:44

      And the "good story to tell" continues...

      Nico de Jongh - 2014-03-30 11:59

      In 2003, the Land Bank managed to notch up R1.8bn in bad debts; no doubt as to how they got that right... and of course this money was not recovered. Soon after this the Land Bank was forking out R800m to a company led by senior ANC executives. This company was not even an agricultural company. That year R2bn in loans made went bad, including the R800m which went into the hands of the ANC. If only the poor people can GRASP all THEIR aid/money STOLEN by those very people they vote for..time to smoke them out. The ANC is a communist controlled money milking party with NO intentions to help the poor or to live up to standard governmental principles.

      Zahir - 2014-03-30 12:51

      I'm sure zuma also got a big slice of R82 million

      Wehr Wulf - 2014-03-30 12:51

      @ Lerato, you are some POS. Tell us, we won't laugh, which government department do you work for? Is your meal ticket being challenged by these revelations loser?

      Bruce Gatland - 2014-03-30 13:06

      Hell Forqueue, You should listen to yourself. You need some anger management. You don't have to be black to be corrupt - have a good look at what's going on in Russia.

      Ernest Foster - 2014-03-30 13:33

      Fourqueue Twozuma nothing wrong with the truth ... a spade is afterall a spade.

      Andre Jacobs - 2014-03-30 20:58

      We are in dire need of law and order in this country--but you know what will happen---the petrol levy will be increased for a year or two to help the cadre pay back their debt. Some of that levy money is going towards the toll company also for sure --how else will they survive this toll tax fiasco??? In all other countries with high corruption the countries experienced civil unrest and uprising. This is coming to SA very soon, because the anc will cause it.

      Ernest Foster - 2014-03-30 23:48

      Mageba Time to get over yourself ol chap ... when folk like you pull the age old apartheid card you simply prove to the world that you have no answer to basic truths and have little more than a single brain cell.

      Pierre Pretorius - 2014-03-31 06:31

      Criminals, criminals, criminals. I really hope ANC voters are proud of what their precious ANC has become. Disgusting. Pathetic.

      Pierre Pretorius - 2014-03-31 06:32

      Sad to think that this is what we've come to expect from the ANC. Will these ANC thugs ever be brought to account for all of this? Criminals.

      Pierre Pretorius - 2014-03-31 06:38

      @Lerato - funny how you insult the "da-club", yet your precious pathetic ANC are the ones steeling from us. No cure for that logic.

      Helen Lange - 2014-03-31 08:23

      There should be a law that no government official will be allowed to take part in any business in South Africa. You cannot maintain a job as a public servant when you are serving yourself.

  • Colin Craig Broadfoot - 2014-03-30 11:06

    Loaning money African style. Land Bank take the punch because you did not do your homework and just handed out the money. BEE style.

      Lionel De Frontignac - 2014-03-30 11:21

      Try to avoid racist comments - this is corruption - it happens all over the world - we all need to get these bastards out. All you are achieving is playing into the ANC's hands, by making such ill-informed and bigoted comments.

      Frans van Tubbergh - 2014-03-30 11:26

      It is tax payer money Colin......

      Lerato Kamplala - 2014-03-30 16:46

      @ Fourqueque, Don't really want tyo respond to yopur sick and disturbed racists comments, But, for your empty head info, YES, there is corruption in most countries of the world. In a EU report published on 13 FEB 2014, it was revealed that corruption in Europe, now costs 120 Billion Euros per year THats roughly two trillion rands !!!! .

      Ernest Foster - 2014-03-30 23:43

      Ah I see so when Fourqueue Twozuma spells out some basic truths you call it racist ? what do you call BEE AND AA ? oops sorry I guess only whites can be racist.

      Heibrin Venter - 2014-03-31 01:11

      @Lerato: And for an economy that is how large?? The EU s economy is 100's of times larger than SA's. If you were to calculate what percentage of their economy that 120 Billion Euro's represent, and do the same to SA, who do you think will come out worst???

      Pierre Pretorius - 2014-03-31 06:36

      @Lerato - ag shame, another die-hart ANC brainwashed sheep. Only idiots vote ANC. Only criminals support criminals. Your pathetic ANC stole and is steeling from us without shame - any comment on that? Pathetic.

  • Gerhard Veldman - 2014-03-30 11:09

    Here we go again! Same old story! .... virtually the same people!

      Gerhard Veldman - 2014-03-30 11:12

      How many Landbank officials involved?

  • Ivan van Heerden - 2014-03-30 11:10

    Nepotism and corruption much there? #proudlycorruptanc

      Check Mate Malan - 2014-03-30 17:46

      Ivan ,, Is there any loose money out there which the ANC and their cronies have not got their GRUBBY PAWS onto ????.. 5 Star treatment and luxury lifestyles seems to be the drawing card for them.. Definitely not service delivery to the poorest of poor..

  • Israel Stock - 2014-03-30 11:21

    what a good shot,this should include this bloody sa president as well

  • Anthony Rees - 2014-03-30 11:21

    The worst of it all is these ZANC comrades will get of scott free and pay back 5 cents on the Rand after threir listed assets are auctioned. Most of that cash has probably been stashed abroad in foreign trusts that wont be easily traced or recovered. The tax payer will have to fit the bill. These criminals are stealing from the poorest of poor by denying others equitable land bank loans. This is no longer theft, its treason against the people.

  • Naas Du Plessis - 2014-03-30 11:24

    The longer the current ANC increases our dept the poorer the country will get but still people vote for these self enriching individuals.

  • Richard Young - 2014-03-30 11:24

    There's no end to this gravy train

      Lerato Kamplala - 2014-03-30 11:45

      @ Richard, '''''There no end to this gravy train !!'''' You are soo right !! Not untill this useless 'da club' stops playing political football with this malice, will it end !!! It is the da's job, and gets paid for this lots of money, to protect the SA public, for abuses by the government. But these clowns rather keep themselves busy with e-toll CRAP !!! .

      lacrimosewolf - 2014-03-30 11:49

      Wait until you read about the proposed travel allowances for RETIRED MPS :)

      Lerato Kamplala - 2014-03-30 12:08

      @ lucrimosewolf, Yes, was reading this !!!! And , all those ' da club ' members of parliament, objecting to this abuse !!!!!! Off course, this last sentence i posted to create some sunday sh.t !!!! Theser holier than holy da clowns, -----------------------ARE NO BETTER THAN ANYONE IN SA !!!!---------------------------- .

      Hennie Wepener - 2014-03-30 12:49

      @Lerato You must be the ultimate epitome of a fence sitter (read; inability to decide due to cowardice). You are so pro ANC; but now you blame the DA for not keeping your beloved ANC on track! You are just a Forken empty tin making irritating noises. I bet you live off other's tax money via government grants. Cannot see anybody employing someone like you. Maybe as a counterweight at a sewage treatment works. You B@st@d!!!

      Lerato Kamplala - 2014-03-30 13:15

      @ Hennie, Thank you for your kind words !! Please look up in a dictionary, the word............HYPOCRATE Than ,read the article re ''free flights''' ANd, who knows, you might just understand the word...hypocrate v!!!!! Enjoy your afternoon.!!!

      Jacqui Daane Van Rensburg - 2014-03-30 13:28

      Lerato Kamplala. A Dutchman who lived under, and obeyed, Apartheid rules for many years, When he was still Anthony, he wanted to make sense at times, but now, I fear for his senility.

      Julian Edward Frost - 2014-03-30 14:29

      @Lerato Kamplala: are you delusional? If the DA weren't around to highlight these abuses the stealing would be even worse. You are insane to claim the DA's politicking is at fault.

  • lood.klerk - 2014-03-30 11:25

    They( anc) just cannot run anything !! Must steal money wherever they go! Mostly public servants at that!! WALOAH!

  • Mandla Christopher Masuku - 2014-03-30 11:38

    Zim. here we come very fast

  • Erna Westdyk - 2014-03-30 11:42

    Very interesting - don't think that would've happened a few years ago. Are they not friends of Zuma et al by any chance?

      Vusi Dina - 2014-03-30 12:33

      It was actually before Zuma but I don't think it makes any difference.

  • Putco Lebepe - 2014-03-30 11:51

    Corruption proudly brought to you by the ANC. Vote ANC at own peril...

  • Roger Plaatjies - 2014-03-30 11:55

    The signs are everywhere, the cANCer is frauds, they enrich themselves and don't care about this country and the poor people. sorry to say it, but these guys must go to jail for fraud and they must be blacklisted, we don't need theses people in our communities.

  • Tshiniki Makgene - 2014-03-30 11:55

    zuma and his greedy comrades fat cats still stealing.The poor communities will never gain the wealth of this country.

  • Godfrey Beje - 2014-03-30 11:58

    The money ended up in their pockets no doubt. Bayirhwiphilizile ohlohlesakhe.

  • Charles Gregory - 2014-03-30 12:02

    You know politicians allready earn so much money why are they allowed to do bussiness while in office I mean its a breading ground for fraud and corruption? If you want to be in the bussines of serving people it should be you're only bussiness

  • Sharon Van Rooyen - 2014-03-30 12:07

    The real shame is good farmers that really need a Landbank loan due hail damage, drought or floods (all acts of God and not poor farming practice) are unable to get one as Landbank is low on funds.

  • Debby Frans - 2014-03-30 12:09

    It is a disgrace thieves, Jerr it is heartbreaking how they loot, robbed the poor,Vote them out, those ministers with boutique clothes just like Barbie Dolls ,they don't care! As long as they can steal, constantly with expensive cellphones in the hand, driving flashy cars and step on the poor, they are all good. South Africa come on, you deserve better open your eyes, you don't need this skelms!

  • jungleboy - 2014-03-30 12:13

    I wonder if we will ever know how deep corruption extends in this country? It's so sad that the ANC has discarded the moral compass and instead of being the protectors and advocates of the poor, have canabalised our national wealth.

  • Lebogang Machabaphala - 2014-03-30 12:13

    So many officials in government and ANC Members are millionaires through taxpayer's money.So indeed they didn't join they struggle to be poor? Is so their legacy doesn't count.they fought for themselves not the nation.People should stop blaming the apartheid government for their poor living conditions but the ANC.after twenty years,they still promise people job opportunities not jobs.They don't care about the masses but about the bank balances.

  • Asseblief Tog - 2014-03-30 12:27

    Nothing will happen! Just another scandal (so fitting the television program with the same name) and proof that if you work for cANCer you have a license to steal

  • Zahir - 2014-03-30 12:28

    When you start with anc in a story u know it will end in some fraud corruption or criminal activity

  • Stephanes Heunis - 2014-03-30 12:30

    JUJU ATTACK!!!!!!!! here is sum dirt

  • Stephanes Heunis - 2014-03-30 12:33

    JUJU ATTACK!!!!!!!! here is sum dirt

  • Lalane Mojela - 2014-03-30 12:33

    I just love nwes24. every article has the ANC in it.It just shows how everyone in this country is an ANC member. So back-off nd let the ANC Lead. pls

      Chol Mabeo - 2014-03-30 13:04

      News24 is not the only news agency in the SA by the way. You are welcome to try NEW AGE, SABC 1/2/3, or all the SABC radio stations - they have the juicest news on the DA and whites in general.

      Zahir - 2014-03-30 13:13

      Eish can u organise me a R50 million tender I will give u a 50 percent share

      Mannie777 - 2014-03-30 14:13

      Well most articles will be about the ANC and DA......its election time, incase you were living under a rock.....or do you STILL not understand why there's so many political articles?

      Lalane Mojela - 2014-03-30 14:43

      777 even under a rock they still write abt ANC. kikikiki..Well again this corruption word was introduced after 1994, and this whites benefited from the same system. We will support the anc forever, but we will condenm wrong doings. wait for ur turn if it will ever come. viva anc!

      Damian Visser - 2015-06-26 20:13

      @ Lalane - Seems you have an excellent opportunity to "condemn wrong doings" right here, so why do you end with "viva ANC!"? Oh, and in response to your previous comment: "back-off nd let the ANC Lead" - Lead? All I've seen them doing lately is steal. I'm sure if you condemn their stealing it will stop, but you prefer "viva!"???

  • Daniel Mavhungu - 2014-03-30 12:35

    Go on and liquidate them. They think they are immune. Malema has been going up ,down and side ways for crimes related to state money.

  • Asseblief Tog - 2014-03-30 12:36

    What if WE (honest people) all just stopped paying tax? What if we all stopped working for a couple of days? This country will be brought to its knees and cANCer will beg us to go back to work and help them. This country will not exist if it weren't for us. We will not have anything remotely advanced or first world if it weren't for us. Complaining does not help anybody so this is as much a waste of time as voting for the anc is

      Anthony Rees - 2014-03-30 13:45

      Let's stop paying tax in a mass protest action. Lets turn off the gravy tap. What are we waiting for? They cant put us all in jail.

      Brian Craig - 2014-03-31 11:01

      Sad to say but it seems this is becoming the only viable solution! Even the public protector (God bless Thuli) has no effect - they just ignore her recommendations - the time for recommendations is OVER!

  • Mogorosi Kataki - 2014-03-30 12:36

    i'ts about tym.

  • James Koen - 2014-03-30 12:45

    Yeah, somebody needs to keep the economy going..

  • Stephen Michaels - 2014-03-30 12:53

    just wondering how many fat pigs fed at the trough at the expense of the tax payer....fattest one stays in nkandla.

  • Mavisto Sondhlana - 2014-03-30 12:55

    a vote for anc is a vote for corruption!

  • Edward Radingoana - 2014-03-30 12:55

    I am worried that they are going to use the Government money to defend the claim and when they loose it, the communities would be in trouble because money for their projects would be diverted to the claim. They will settle the loan with money from Public Works.

  • Clement Mokone - 2014-03-30 12:58

    Dogs and children of dogs!!!

  • Dirk Engelbrecht - 2014-03-30 13:21

    I can see 82mil disappearing from our tax money to repay that loan....

  • sue.tyler.73 - 2014-03-30 13:24

    What took the bank so long? If that ewe me I'd have lost everything already. Suppose I don't have the right connections! Haha we are living in a huge circus.,

  • Henk Badenhorst - 2014-03-30 13:40

    Nothing will happen to them, this will be the last we hear bout it. The ANC NEC and the Predidency will ensure that whoever at Landbank was pushing the charges i sacked or implicated in their own scandal. We will hear some long story by Gwede and Jac Daniels Mtembu of how this has been misinterpreted and that this was in fact not corruption.... They are untouchable because if they fall many others will also fall and this cannot be allowed in the current political situation before the elections. Sad but true, the ANC government will not own up to this and will do everything in their power to make this "disappear"..........

      Mannie777 - 2014-03-30 14:19

      "Jac Daniels Mtembu" lol .... I cannot help but think: "is he 100% sober?" when speaking to the media

  • Gilbert Nkhethe Mokgerere - 2014-03-30 13:59

    They want to do like they did with Saanbou but this time they won't go away with it otherwise nja eka namela mohlare

  • Mzwandile Jola Dlamanzi - 2014-03-30 14:11

    What i know is that "this lucrative project was delayed by a lenghty Feasibility study that needed public participation, finalisation of the NDP for linkages and endorsement of the national youth wage subsidy" it is now well on course and anytime after the elections, we will see some progress. # J Mthembu.

      JanGreen - 2014-03-30 19:07

      Mzwandile, tell the voters why the Land Bank want to sue them?

  • Sivuyile Mnyombolo - 2014-03-30 14:17

    Hahahaha I just read comments here and laugh all the time

      Julian Edward Frost - 2014-03-30 14:32

      I suppose you find it freaking hilarious that money that could have been used to build South Africa up was stolen. You are a FOOL.

  • Abner Mophethe - 2014-03-30 14:25

    I hardly recognise the names mentioned here,anc haevyweights my foot

  • sxp - 2014-03-30 15:02

    From Terr's to thieves....eish.

  • Danny Letsholo - 2014-03-30 15:33

    How do i apply 4 an authorised lone?so that i can also apply

  • Cyril Neilson - 2014-03-30 15:48

    and these are the people who want free air tickets when they retire

  • Mbulelo Somzana - 2014-03-30 17:30

    ANC Land Bank,that is what it is

  • Del Pearson - 2014-03-30 17:54

    Will this ever end. Why has it been left for 5 years before they decided to do something about it. This issue should have been addressed immediately.

  • JanGreen - 2014-03-30 19:02

    Fourqueue, Racism is a deadly disease tearing apart the goodwill among people who can not afford not to cooperate. Your resentment towards some ruling party officials is understandable, but your racism is irrational, in the context and reality that people of a specific race group can differ a lot. Your thinking is tragically dualistic , in the light of the possibilities of inclusive thinking.

  • Jerry Ndumiso Khoza - 2014-03-30 19:41

    White are owning farms, towns but that was not corruption but when black president own a house is corruption black people are busy making noise about it. It was a loan clear

      William Daniels - 2014-04-01 08:22

      How stupid can you be open your eyes

  • Ledger Barnard Colleen - 2014-03-30 21:10

    And the corruption continues

  • mmatau - 2014-03-30 21:48

    This is just sad.

  • Tania Steyn - 2014-03-30 21:53

    That is why many have been struggling to get legitimate loans. That WILL be paid back. Disgusting.