This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.SowetanLive reports that Marubini Ramatsekisa, a former chief risk officer for the National Lotteries Commission (NLC), has failed in his bid to have R1,2m released from his pension fund so that he can fund his litigation and living expenses.
On Monday, Judge Margaret Victor of the Special Tribunal dismissed Ramatsekisa’s application, saying information showed he had not made a full and frank disclosure of his financial situation. In December 2023, the Special Investigating Unit (SIU) obtained an order from the tribunal interdicting the pension payout due to Ramatsekisa, who is accused of orchestrating a scheme that resulted in the NLC losing about R4m. Delivering her ruling, Victor said: “Whilst he [Ramatsekisa] has provided great detail on his living expenses and legal expenses, and his dire position vis-à-vis his creditors, he has failed to advise this tribunal what he did with the proceeds of a property he appears to have sold during these proceedings.” She went on to indicate: “He has also failed to explain the rental he receives from his remaining properties. He has failed to explain how he gets to live in an affluent golfing estate without showing how he is funding that lifestyle. What is more, the applicant has not disclosed a bona fide reason why he has not sold off his remaining properties to meet his expenses. His suggestion that because a property is mortgaged it cannot be sold off is implausible.”
- Read the full original of the report in the above regard by Jeanette Chabalala at SowetanLive
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