R118 MLN IN RENT TO INGONYAMA
ZULU King Goodwill Zwelithini’s IngonyamaTrust, which owns onethirdof KwaZulu-Natal’s inhabitableland, collected R118,4 million inrental income from inhabitantsover the past financial year.
This was an increase of 19% onthe previous year, according to thetrust’s annual report, which wassubmitted to Parliament’s portfoliocommittee on rural developmentand land reform.
The committee ordered the trustto return to Parliament with comprehensivereports on how rentalincome had been used to benefitthe occupants of the land over thepast five years.
In a report attached to the annualreport, the auditor-general alsoexpressed concerns about thereliability of the trust’s financialstatements, adding that its controlboard had not reported fully on assetsworth R24,4 billion.
Expenditure of R320 million onmunicipal taxes had also not beenreflected, while irregular expenditureof R1,9 million, left unexplainedin the financial statements, hadnot been investigated.
Judge Jerome Ngwenya, chair ofthe trust, said it was under no obligationto report on anything overand above the approximately R20million it received from governmentfor administrative costs every year.
He argued the trust was managedaccording to the regulationsin the Ingonyama Trust Act.
In July, President Cyril Ramaphosasaid senior ministers would beholding discussions with the trustand other roleplayers about theTrust’s future. These have not yettaken place.