LOOT: Terry Pheto was paid another R1 Million from South Africa's National Lotteries Commission for her Sunguti Projects KossyDerrickBlog KossyDerrickEnt

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Tuesday, March 14, 2023

LOOT: Terry Pheto was paid another R1 Million from South Africa's National Lotteries Commission for her Sunguti Projects

Terry Pheto was given another R1 Million from South Africa's National Lotteries Commission for her Sunguti Projects (of which she's the sole director) to do a youth event ... it never organised.
(It's besides R3 mil she got that bought a Bryanston house.) (Read More Here).

TERRY PHETO LOOTS ANOTHER R1M FROM LOTTOđź”´

GroupUp reports that National Lottery Comm paid R10.1m to an event never existed

Some crooks applied for it& pretended to host SA Youth Awards

Not a cent was paid to the event, govt paid

R1m of it paid to Terry Pheto just for nje.

The National Lotteries Commission (NLC) awarded a grant of more than R10-million to a non-profit entity to stage a South African Youth Awards ceremony - but the company had nothing to do with the event and not a cent of the grant was spent on it.

The R10.1-million grant allocated to the non-profit company, Life for Impact in the 21st Century, was shared among people and companies with no links whatsoever to the awards, according to a Special Investigating Unit (SIU) presentation to Parliament last year.

At the time of the award, the company was not compliant with statutory Department of Social Development reporting requirements and it was dormant. It is currently in the final stages of deregistration with the Companies and Intellectual Property Commission after failing to file annual reports and submit documents.

Life for Impact claimed “at least three times” that the youth awards event took place, but failed to present any evidence to substantiate this, audit firm Nexia SAB&T said in a report detailing its investigation into the grant. This is one of several grants investigated by Nexia at the request of Minister of Trade, Industry and Competition Ebrahim Patel.

The awards did take place but were organised by the National Youth Development Agency (NYDA), which told Nexia’s investigators that it had covered the entire cost. This was also confirmed by the St George’s Hotel in Irene, Pretoria, where the event was held. The hotel was paid R514,900 by Ultimate Travel, the NYDA’s travel and events supplier.

But Life for Impact did spend the money.

A non-profit company which was paid more than R10-million to host a youth awards ceremony did not spend a cent on the event.

Three entities linked to the former National Lotteries Commission chief shared in the looted money.

R1-million was paid to a company of which actress Terry Pheto is the sole director.

A forensic audit company says the NLC was guilty of dereliction of duty.

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