Latest news with #R5-million
eNCA
3 days ago
- Business
- eNCA
Gupta Compound in Saxonworld sold for over R30 million
JOHANNESBURG - The notorious Gupta compound in Saxonwold has been sold. Business Rescue Practitioners accepted an offer of R34 million. This sale follows just three weeks after the compound went under the hammer with one of the houses selling at significantly lower price. The house, known as Property 3, which once served as staff quarters, sold for just R3.3-million which was a decrease from its original amount of R5-million. The Gupta brothers, Rajesh, Atul and Ajay who once called the compound home, were identified as central figures in South Africa's state capture. They remain fugitives after fleeing the country in 2016.
The South African
08-08-2025
- Sport
- The South African
Kaizer Chiefs - 10 players linked: Who they will NOT be signing
Kaizer Chiefs are linked with many players but many of these deals will not materialize. Kaizer Chiefs are linked with 10 players from the likes of Orlando Pirates, Mamelodi Sundowns and their respective PSL rivals. So, these are the players Amakhosi are unlikely to sign. As always, a plethora of big-name players are linked with Chiefs. However, a lot of these so-called 'links' are just rumours doing the rounds. For starters, Chiefs are not interested in signing Bafana Bafana attacker Percy Tau. The ex-Al Ahly and Mamelodi Sundowns attacker is currently a free agent. Interestingly, he is willing to accept a pay-cut and is open to joining Amakhosi. Despite this, their has been no interest from Chiefs. Furthermore, Lepasa's name has been discussed following his Pirates exit. Similarly, this is another rumour with Chiefs not expressing interest in the free agent. Meanwhile, talks have gone quite over Feisal Salum. Finally, Mayele's brother shut down all rumours after confirming that his brother will not be joining any teams in the PSL. Therefore, Chiefs are unlikely to sign Salum, Tau, Lepasa or Mayele. Stanley Nwabali Feisal Salum Luke Baartman Asenele Velebayi Lebogang Phiri Fiston Mayele Percy Tau Zakhele Lepasa Dzenan Zajmovic Etiosa Ighodara Chiefs have a golden chance to sign Nwabali. This is because Chippa United are open to letting him go. However, no offers have been made at the time of publication. Meanwhile, Chiefs are closing in on these two players from their PSL rivals for R5-million. Let us know your thoughts by leaving a comment below, or send a WhatsApp to 060 011 0211 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Daily Maverick
06-08-2025
- Politics
- Daily Maverick
Nana Makhubele ‘could be first judge impeached for State Capture' — #UniteBehind's Zackie Achmat
After six-and-a-half years and close to R5-million in costs, civil society movement #UniteBehind has claimed a significant victory with the Judicial Service Commission's acceptance of a finding of gross misconduct against Gauteng High Court judge Tintswalo Nana Makhubele. The Judicial Service Commission (JSC) recently accepted the findings of a Judicial Conduct Tribunal which found Gauteng High Court judge Tintswalo Nana Makhubele guilty of gross misconduct. This opens the way for the National Assembly to vote on the impeachment of a woman with a once-promising future who tragically became entangled in State Capture at the Passenger Rail Agency of South Africa (Prasa). #UniteBehind, a coalition of civil society movements, brought the complaint against Makhubele to the JSC. 'For #UniteBehind, it has been a painful journey of six-and-a-half years to hold Judge Nana Makhubele accountable for gross misconduct because of her… attempts at facilitating corruption and State Capture at Prasa. We have had to spend close to R5-million, perhaps more, without any possibility of recovering that cost,' said Zackie Achmat, activist and founder of #UniteBehind. 'Judge Makhubele is probably the first judge… that could be impeached, if Parliament does its work, for facilitating State Capture, and that for us is a major victory.' Makhubele's crime is that she sat on the Bench while chairing the Prasa interim board and authorising a 'secret settlement deal' involving payments from Prasa to Siyaya of about R56-million. Contracts with Siyaya and its subsidiaries were the subject of a number of criminal investigations. Makhubele was found to have committed perjury by alleging that she had been given permission to hold off taking up her job in January 2018. 'What we must remember is that this was not simply the facilitation of State Capture. It was also a set of acts… that has led to the destruction of lives in… [terms of a] lack of safety on the rail and the loss of livelihoods, with people losing jobs by not being able to be on time for work because of the destruction of Prasa's management,' Achmat said. Horns of a dilemma Makhubele had previously said she had found herself on the horns of this ethical dilemma since she could not resign because she had not wanted to 'let the minister (of transport, Joe Maswanganyi) down'. Evidence before the tribunal was that Makhubele was recommended for judicial office in October 2017, the month in which she took up the Prasa chair position. While she had been expected to begin her judicial duties on 1 January 2018, she did not arrive for work to take the oath of office. Gauteng Judge President Dunstan Mlambo – whose version was supported by an affidavit from his deputy, Judge Aubrey Ledwaba – testified that Makhubele had told him that she chaired the board of the Water Tribunal and was concerned about a clash of interests. He had reassured her that there was no conflict and put her on the roster for the first term of 2018. Strike three Judge Makhubele faces the ignominy of being the third judge in post-apartheid South Africa to be removed from the Bench for dishonesty. Former Western Cape judge president John Hlophe and judge Nkola Motata paved the way. In an announcement on Friday, 1 August, the JSC noted that it had accepted the findings of fact made early by the tribunal, but differed in two respects. It corrected the section of the JSC Act to include gross misconduct and noted that the conclusion was 'inescapable that the dishonest conduct of Judge Makhubele as described in Part A constitutes a breach of section 14(4)(a) of the JSC Act'. Furthermore the tribunal, chaired by retired judge Achmat Jappie, found that Makhubele' s conduct constituted a breach of section 14(4)(e) of the Act and that a further concern for the JSC had been that the tribunal had not added the adjective 'gross' to qualify the misconduct of which Judge Makhubele was found guilty. The commission found that Makhubele was 'guilty of gross misconduct'. Allegations were that she had failed to sever professional ties with Prasa upon her permanent appointment to the judiciary; that she occupied an office for profit, where she received payment for services, which payment was not authorised by the JSC Act; and that she had requested a special dispensation regarding her appointment. #UniteBehind's complaint to the JSC highlighted that Makhubele served in a position which 'undermined the independence of the judiciary'. Her actions also breached the separation of powers. DM
The South African
01-08-2025
- Sport
- The South African
Kaizer Chiefs closing in on R5-million worth of signings from PSL rivals
Kaizer Chiefs are close to securing two more new signings. Kaizer Chiefs have signed SIX players so far. However, they're not done recruiting players just yet. Amakhosi are actively trying to sign more players before the close of the current PSL transfer window. So, will they sign these men in time? Initially, reports claimed that both Asanele Velebayi and Luke Baartman from Cape Town Spurs had agreed to personal terms with Chiefs. Thereafter, Amakhosi ran into a legal dispute with Spurs over their contracts with the club. Thus, delaying the process. However, Chiefs have remained persistent and they are following all the legal processes to try and bring both players to Naturena. 'You know, Chiefs are willing to follow the rules and do the right thing by the book. That's why it's believed that they are expected to pay R1.5 million for each player which means R3 million for the two players. You remember the same case happened between Chiefs and TS Galaxy involving Puso Dithejane when he left Chiefs. Galaxy had to pay that development compensation fee, and that's what they could be expected to pay Spurs according to FIFA rules,' the report read on SNL . Amakhosi are so determined to sign Velebayi and Baartman that they are willing to offer R5-million for both players. So, that is R1 million more per player. 'It's believed Chiefs are willing to pay more than the required amount by FIFA as a sign of appreciation to Spurs. It's believed they are looking at paying around R5 million for both players. You know they did the same with Sphesihle Ndlovu from SuperSport United. They paid R5 million as well, although his contract was about to run out at SuperSport United before Siwelele FC bought the club. So, as for the two players, they are willing to pay R5 million for both of them,' the insider added. Meaning, Chiefs are very serious about signing Velebayi and Baartman. Therefore, having agreed to personal terms, both players will be unveiled as new Amakhosi players if the Soweto giants are given the go-ahead to sign them. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
eNCA
24-07-2025
- Business
- eNCA
Gupta Saxonwold compound goes on auction
JOHANNESBURG - The once-glamorous Gupta compound in Saxonwold, Johannesburg, went under the hammer on Thursday but sold at significantly lower prices than expected. One of the houses, known as Property 3, which once served as staff quarters, sold for just R3.3-million, which is a decrease from its original amount of R5-million. Property 5, known as the 'White House', where the Gupta family lived, received a paltry bid of just R4-million. The house was previously valued at R21.7-million. Meanwhile, a prospective buyer bid just R3 million for Property 7 valued at R36.8-million. Clive Lazarus, a Director at Park Village Auctions, who facilitated the sale, says they weren't surprised by the low offers. He believes this is due to the infamy of its owners. "There was no surprise when it came to numbers 5 and 7. There has been interest, but there is a big stigma, and the property has been neglected since 2018. And no maintenance has been done since then". The Gupta brothers, Rajesh, Atul and Ajay who once called the compound home, were identified as central figures in South Africa's state capture. They remain fugitives after fleeing the country in 2016. Real estate experts believe the winning bidders scored a good deal. CEO of Lance Real Estate, Lance Cohen, says R3.3-million for a house in Saxonwold is a bargain in today's property market.
