A Gauteng businessman is under investigation after allegedly misusing millions of rand meant for COVID-19 relief, raising serious concerns about corruption in South Africa.
According to SowetanLIVE, the Special Investigating Unit (SIU) has secured preservation orders for assets linked to fraudulent claims worth over R19 million. The funds were accessed through the Temporary Employer/Employee Relief Scheme (TERS), which was created to support businesses and employees during the pandemic.
The company involved, Nako Mang Trading Enterprise CC, allegedly claimed R19,183,197.34 from the Unemployment Insurance Fund (UIF). Instead of using the money to assist workers, the businessman is accused of spending it on personal luxuries.
The SIU has since moved to freeze several high-value assets through the Special Tribunal to prevent further loss while the case is being handled.
This incident forms part of wider investigations into TERS-related fraud, which has cost the government billions. It also highlights the need for stronger accountability in managing public funds meant to support vulnerable citizens.
Further legal action is expected as investigations continue.
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