SAFFARAZZI
  • HOME
  • NEWS
    • Tech
    • Crypto
  • ENTERTAINMENT
    • Viral
  • LIFESTYLE
    • Food
      • Recipes
    • Soapies
    • Travel
  • SPORT
    • Soccer
    • Rugby
    • Cricket
    • Motorsport
  • LOTTO
    • Daily Lotto Results
    • Lotto and Lotto Plus Results
    • Powerball and Powerball Plus Results
  • MORE
    • MOTORING
    • About Us
    • Contact Us
    • Write for us!
    • Newsletters and Notifications
  • Privacy
No Result
View All Result
  • HOME
  • NEWS
    • Tech
    • Crypto
  • ENTERTAINMENT
    • Viral
  • LIFESTYLE
    • Food
      • Recipes
    • Soapies
    • Travel
  • SPORT
    • Soccer
    • Rugby
    • Cricket
    • Motorsport
  • LOTTO
    • Daily Lotto Results
    • Lotto and Lotto Plus Results
    • Powerball and Powerball Plus Results
  • MORE
    • MOTORING
    • About Us
    • Contact Us
    • Write for us!
    • Newsletters and Notifications
No Result
View All Result
SAFFARAZZI
No Result
View All Result
Home News

Hamilton Ndlovu: SIU moves in on R42 million luxury assets

Hamilton Ndlovu will have to find shelter and a more affordable means of transportation.

Andile Sicetsha by Andile Sicetsha
2021-09-09 11:34
in News
Hamilton Ndlovu

Photo: Sourced from @realhamiltonndlovu / Instagram

FacebookTwitterWhatsappLinkedin
ADVERTISEMENT

Millionaire showoff Hamilton Ndlovu will have to find a temporary shelter and accustom himself to less fancier modes of transportation.

Hamilton Ndlovu R42m assets seized

In a statement released on Thursday, it was confirmed that the Special Tribunal has approved an order for the Special Investigating Unit (SIU) and National Health Laboratory Services (NHLS) to “freeze R42 million worth of luxury properties and funds.”

“The funds and properties are linked to Jo’bourg businessman Hamilton Ndlovu. This follows upon a similar preservation order obtained by SARS seizing R60 million,” the SIU revealed.

The investigating unit, helped by the overarching powers of the tribunal, has determined that Ndlovu is one of the many opportunists who abused the emergency procurement procedures that were set in place in 2020, on the onset of the COVID-19 pandemic.

ADVERTISEMENT

“In terms of the order, Ndlovu and other respondents are prohibited from dealing in any manner with the funds and properties (including selling or transferring or mortgaging the properties) pending the final resolution of review proceedings to be brought by the SIU and the NHLS,” the SIU added.

Here’s what we know about Ndlovu

The 32-year-old landed on the radar of authorities in 2020 when the South African Revenue Services’ (SARS) Illicit Economy Unit picked up on a whopping R23.34 million tax bill Ndlovu had accumulated in 2020, at the height of South Africa’s first encounter with the pandemic.

Ndlovu, who’s said to have founded four companies that are currently under investigation for fraud, allegedly used unscrupulous means to milk R46.6 million from the NHLS.

In March, Judge Roland Sutherland of the Gauteng High Court granted SARS leeway to reclaim more than R36.8 million in unpaid taxes dating back to the 2017 financial year.

This is the viral video Ndlovu posted back in 2020 that got him in hot water with authorities. In the clip, the 32-year-old brags about how he purchased five luxury vehicles in one day.

A Gauteng Based Business Man, MR HAMILTON NDLOVU bought 5 luxury cars in one day. In these trying times we have black man excelling. Check the videos below as a thread.#HAMILTONNDLOVU pic.twitter.com/iowYVzzQ1W

— MAGUBANE (@TyrexMusee_SA) May 24, 2020

AlsoRead

The GLE and GLE Coupé: Bestsellers now even better

IFP closes all doors to any coalition talks with the EFF in KZN

Corrie Pretorius sentenced to 12 months in jail for racial attack on black boy

Tags: CorruptionFraudGautengHamilton NdlovuSouth Africa
Previous Post

Arthur Fraser admits he overruled the parole board to free Zuma

Next Post

20 Years of imprisonment awaits child rapist

Andile Sicetsha

Andile Sicetsha

Andile Sicetsha is a University of the Western Cape Bachelor of Arts (BA) Media & Communications graduate with a background in Digital Marketing. A love for creative writing matched with the undying desire to realise the true South African dream is what keeps his engine running. Andile Sicetsha Muck Rack Profile

Latest Post

House of Zwide 8 February 2023: On today’s episode – S7 E484

Scandal! 8 February 2023: On today’s episode – S7 E222

On today’s episode of Binnelanders 8 February 2023 S10 E120

On today’s episode of Uzalo: 8 February 2023 S7 E495

Muvhango 8 February 2023: On today’s episode – S22 E543

Suidooster 8 February 2023: On today’s episode – S7 E483

On today’s episode of 7de Laan: 8 February 2023 – S22 E5493

  • About
  • Terms and Conditions
  • Corrections & Complaints
  • Contact Us
South Africa News, Entertainment, Lifestyle, Sport.

© saffarazzi.com. All Rights Reserved. Privacy Policy.
Saffarazzi, The Pavilion, Corner Portswood and, Dock Rd, Victoria & Alfred Waterfront, Cape Town, 8001, South Africa.
Tel: +27 21 140 3522, hello @ saffarazzi.com

No Result
View All Result
  • HOME
  • NEWS
    • Technology
    • Cryptocurrency
  • ENTERTAINMENT
    • Soapies
  • LIFESTYLE
    • Viral
    • Food & Recipes
    • Soapies
    • Travel
  • SPORT
  • MOTORING
  • LOTTO RESULTS
  • About Us
  • Write for us!
  • Contact Us
  • Privacy & Terms
  • Google News
  • Corrections & Complaints

© saffarazzi.com. All Rights Reserved. Privacy Policy.
Saffarazzi, The Pavilion, Corner Portswood and, Dock Rd, Victoria & Alfred Waterfront, Cape Town, 8001, South Africa.
Tel: +27 21 140 3522, hello @ saffarazzi.com