Pay levies de­spite VBS om­bud

Business Day - - NATIONAL - Char­lene Steenkamp

Own­ers of sec­tional ti­tle prop­er­ties and man­agers of com­mu­nity schemes have been urged to con­tinue pay­ing their levies to the Com­mu­nity Schemes Om­bud Ser­vice fol­low­ing the sus­pen­sion of two ex­ec­u­tives for in­vest­ing R80m of its sur­plus funds with VBS Mu­tual Bank.

Act­ing chief om­bud Ndi­vhuo Rab­uli gave the as­sur­ance her of­fice is not in fi­nan­cial trou­ble and will con­tinue to de­liver.

Fol­low­ing ru­mours that com­mu­nity schemes around the coun­try are choos­ing not to pay the oblig­a­tory fee, osten­si­bly be­cause the of­fice is fail­ing its man­date, Rab­uli urged schemes and home­own­ers’ as­so­ci­a­tions to pay their levies. “It is legally cor­rect to do so,” she said.

Hu­man set­tle­ments min­is­ter No­main­dia Mfeketo has or­dered a foren­sic in­ves­ti­ga­tion into the unau­tho­rised in­vest­ment of R80m of the of­fice’s funds in VBS. The probe, in­volv­ing for­mer act­ing chief om­bud Seeng Letele and CFO Themba Mabuya, is un­der way. They were sus­pended in Septem­ber amid al­le­ga­tions of gross neg­li­gence and dis­hon­esty.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.