The future of IT & AI

Image
 In the not-so-distant future, the world of IT will have undergone a seismic shift. Gone were the days of traditional employment, where companies hires full-time employees to fill specific roles. Instead, the gig economy had taken over, and IT professionals will be embracing the freedom and flexibility that cames with freelancing. Companies had caught on to the benefits of project-based hiring, where they could tap into a global talent pool and scale up or down as needed. Job postings  floated online, and skilled freelancers would bid on projects that matches their expertise. Seasoned IT professionals, making the transition to freelancing in these  years, builds reputations on these  platforms like Toptal and Upwork, and their calendars will always be filled with exciting projects. Skilled  IT engineers helps big compernies to launch their new products. Their projects, some  complex, with tight deadlines, and the clients willing to pay top dollar for the ri...

SIU and NHLS granted get Special Tribunal order to freeze Hamilton Ndlovu's assets

 

accreditation
0:00
play article
SUBSCRIBERS CAN LISTEN TO THIS ARTICLE
Hamilton Ndlovu.
Hamilton Ndlovu.
Screen grab. YouTube
  • The Special Investigating Unit is probing allegations that eight companies linked to businessman Hamilton Ndlovu irregularly benefited from National Health Laboratory Service tenders valued at  R172 million. 
  • The Special Tribunal granted the unit and laboratory service an order freezing Ndlovu's assets, including properties, valued at R42 million.  
  • Ndlovu was thrust into the spotlight after a video of him showing off five new luxury cars went viral. 

The Special Investigating Unit (SIU) and National Health Laboratory Service (NHLS) have obtained a Special Tribunal order to prohibit businessman Hamilton Ndlovu from disposing of his assets, valued at R42 million.

Ndlovu is under investigation for allegedly colluding with NHLS procurement officials to secure personal protective equipment (PPE) tenders. It is alleged that eight companies linked to Ndlovu irregularly obtained contracts worth R172 million. 

The Special Tribunal granted the order, pending a review application that the SIU and the NHLS want to bring forward to set aside the procurement transactions and make Ndlovu, and those who were recipients, pay back the money.

READ | Covid-19 corruption: Hamilton Ndlovu's lover, NHLS CFO granted R20 000 bail over PPE tender

"In terms of the order, Ndlovu, Zaisan Kaihatsu (Pty) Ltd and Bugatti Security Services and projects, second and fourth respondents, respectively, are restrained, interdicted and prohibited from transferring any of the properties; and/or encumbering the property with a mortgage bond; and/or allowing the retention to be established over the property; and/or selling or leasing the property," the Special Tribunal said in a statement.

"The respondents may apply for the reconsideration of the order in terms of Rule 12 (9) of the Special Tribunal. In such an event, the parties shall avail themselves for case management where dates for the filing of further papers and the hearing of the reconsideration application shall be determined in line with Rule 19 of the Special Tribunal Rules," it added.

In March, Ndlovu was hit with a similar preservation order, obtained by the South African Revenue Service for R60 million.

The tribunal has given Ndlovu 30 days to apply for a review.

Last year, the 33-year-old was thrust into the spotlight after a video of him showing off five new luxury cars went viral.

More videos

Comments

Popular posts from this blog

MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

Car Hijackings in South Africa.

MOTORS MARINE MAY 7, 2021 Boat of the Week: This 171-Foot Super-Luxe Sportfishing Yacht Is the Largest in the World