Several South African state institutions are facing allegations of misconduct, conflicts of interest, and the failure to fulfill their mandates in managing the estate of the late Black industrialist Paulos Sello Mahlangu.
SEVERAL South African state institutions are facing allegations of misconduct, conflicts of interest, and the failure to fulfill their mandates in managing the estate of the late Black industrialist Paulos Sello Mahlangu.
These claims come from his son, Zweli Mahlangu, and are supported by numerous documents reviewed by the Sunday Independent.
At the crux of these allegations lies a shocking discrepancy: an estate with R4.77 billion in audited assets was valued at only R5 million for estate purposes, a difference Zweli argues cannot be attributed to mere error.
Institutions implicated in these claims include the Industrial Development Corporation (IDC), the Public Investment Corporation (PIC), the Competition Tribunal, the Directorate for Priority Crime Investigations (DPCI, or Hawks), the Master of the High Court, and the Information Regulator.
