BusinessLive reports that the CEO of the Property Practitioners Regulatory Authority, Mamodupi Mohlala, has been placed on precautionary suspension.

The authority’s board chair, Steven Ngubeni, announced the decision on Monday. The suspension comes after allegations of financial and appointment irregularities. Mohlala, who was appointed in February 2019, was suspended on Friday. The suspension will be in effect until the conclusion and findings of an investigation by an independent forensic investigator. The board has appointed Deli Nkambule, the authority’s legal manager and enforcement and compliance executive, as acting CEO. Board member Pamela Makhubela said the allegations against Mohlala related to the alleged suspension and loss of pension fund payments and irregular employee appointments. In 2021 the pension funds adjudicator tribunal found that Mohlala had allegedly disregarded pension fund scheme rules after issuing instructions for the suspension of a number of employees’ pension fund contribution deductions. Asked how much money was involved, Makhubela declined to elaborate, but added: “All I can say is it is a significant amount, which we cannot afford not to get back.” The irregular appointments related to a number of people “in junior, mid-level and senior posts”.

• Read the full original of the report in the above regard by Graeme Hosken at BusinessLive

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