Newly-elected Johannesburg mayor accused of involvement in Ponzi scheme

…By Henry George for TDPel Media. The newly-elected mayor of Johannesburg, Kabelo Gwamanda, has been accused of being part of a Ponzi scheme that defrauded many people in the city, according to former City of Johannesburg mayor, Mpho Phalatse.

The allegations are related to Gwamanda’s involvement in the iThemba Lama Africa funeral scheme entity.

The leader of Al Jama-ah, Ganief Hendricks, has accused Phalatse of being a sore loser after losing the mayoral election to Gwamanda.

Hendricks said that Gwamanda passed a vetting process before he was chosen as the mayoral candidate for the ANC-EFF-led coalition, and that the ANC did due diligence on him.

The Democratic Alliance has promised to bring the allegations to the attention of the South African Police Service.

Meanwhile, the People of Joburg deserve a Mayor they can trust, not a swindler or a scammer,” said Phalatse in a statement.

Phalatse, who lost the mayoral election to Gwamanda, has said that the new mayor is not a suitable candidate to lead the country’s economic hub.

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Gwamanda was elected during a council meeting on Friday, beating Phalatse and ActionSA’s Funzi Ngobeni.

However, Phalatse is not convinced that Gwamanda is the best person for the job.

It should be noted that at this stage, the accusations against Gwamanda are allegations and have not been proven.

The situation is likely to be closely watched in the coming days as more information is expected to come to light.

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About the Author:

Henry George SNR holds a Masters degree in English Language. He is a passionate Digital Marketer using hand-on tools (Google Ads, Meta Business Manager, Meta Business Suites, WordPress, etc.) to communicate brands’ values and drive maximum Sales Qualified Leads. He lives in Wales, United Kingdom. He writes for TDPel Media on interesting event turnouts.