Latest news with #R10
Eyewitness News
4 hours ago
- Eyewitness News
Crime Intelligence COO to remain in police custody after failure to disclose pending case against him
JOHANNESBURG - Crime Intelligence chief financial officer Philani Lushaba will remain in police custody following his failure to disclose that he has a pending case against him. Lushaba appeared alongside six crime intelligence senior officials, including the unit's head, Dumisani Khumalo, in the Pretoria Magistrates Court on Friday. They were arrested on Thursday by the Investigating Directorate Against Corruption (IDAC), facing charges of fraud and corruption. The matter relates to the appointment of Dineo Mokwele to the position of technical support system manager, a highly specialised division within Crime Intelligence responsible for national covert operations. IDAC spokesperson Henry Mamothame explained: 'Khumalo, Madondo, Lekalakala, Gabela, Ncube and Mokwele were granted R10,000 bail. They were ordered not to enter any premises of crime intelligence. 'Meanwhile, Lushaba will remain in custody as his matter is a schedule 6 criminal offence, owing to his pending case, and such did not reflect in his affidavit presented to the court for bail application… IDAC is ready to proceed with the trial.'
The Citizen
5 hours ago
- Sport
- The Citizen
R10 000 Youth Day tourney
LIMPOPO – Youth Day was celebrated in style on Monday at N'wamankena village with a vibrant sports tournament that brought the community together and showcased local talent across various sporting codes. The event, held to commemorate June 16 Youth Day, featured competitive matches in male and female soccer, as well as netball, drawing crowds from surrounding villages and other areas across the Greater Giyani municipality who came to support and cheer on their favourite teams. The highlight of the day was the thrilling male soccer final between N'wamankena FC and Shimawusa Homeboys FC. Favoured by homeground advantage, the home team, N'wamankena FC, triumphed with a 2-1 victory, securing the tournament's top prize of R10,000 to the delight of local supporters. In addition to soccer, netball and female soccer matches were played throughout the day, contributing to an atmosphere of excitement, unity, and youth empowerment. According to the tournament organiser Jay-jay Rikhotso, the tournament aimed to not only honour the legacy of the 1976 generation but also to encourage the youth to stay active by engaging in sports and avoid substance abuse. 'This was more than just a tournament; it was a celebration of our young people and their potential. The tournament aimed to take the youth off the streets and re-focus their attention on sports,' explained Rikhotso, one of the organisers of the event. 'With the increasing challenges faced by youth today, including substance abuse and lack of recreational activities, we felt it was important to give them a platform to express themselves positively through sport.' He added that the turnout and enthusiastic participation from teams and spectators alike were encouraging signs that the initiative had a real impact. 'And so far, it looks like we've managed to do just that. We're truly grateful to all who supported this initiative; from the players who gave their all on the field to the community members who came out in numbers to cheer, and of course, to our sponsors whose contributions made the tournament possible.' Rikhotso also used the opportunity to remind the community that plans are already underway for the next tournament. 'We hope that you will be able to join us again when we host our Good Friday tournament next year. With your continued support, we believe these events will keep growing and make a lasting difference in the lives of our youth,' he said. The tournament was a winner-takes-all event, which concluded with a prize-giving ceremony that included a R10 000 cash prize, trophies, and medals. 'We would like to thank everyone for ensuring that the event ended peacefully and without any incidents of violence,' he added. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
eNCA
7 hours ago
- eNCA
Top cops nabbed for fraud out on bail
JOHANNESBURG - South Africa's crime intelligence unit is supposed to be at the forefront of crime fighting, and prevention. But for decades, some of its secretive operations have compromised its mandate, to keep South Africans safe. And now head of the unit Dumisani Khumalo and five other senior officials, are out on R10,000 bail each and face corruption charges.
The Citizen
7 hours ago
- Business
- The Citizen
How SA's youth make and (should) spend their money
While some consider Gen Z a lazy bunch who want everything for nothing, the truth is quite different according to a survey. South Africa's youth are grappling with deepening financial challenges, including crushing unemployment, limited asset ownership and mounting debt levels, making older people wonder how they make and spend their money. Eighty20, a consumer analytics and research company, analysed people younger than 24, who make up 44.5% of the population. With nearly 30 million people under the age of 24, South Africa's economic future hinges on whether this generation can break the cycle of financial exclusion that currently defines their prospects. The research reveals that of the 6.7 million young people between the ages of 18 and 24, only a million are credit-active. However, among these credit users, nearly half have already defaulted on their loans. With an average monthly income of R3 400 (less than half the national average of R7 000) and a youth unemployment rate of 62.4% according to Statistics SA, financial strain is widespread in this age group, Andrew Fulton, director at Eighty20, says. ALSO READ: SA youth not unemployed, rather under-employed SA's youth mainly use retail credit Among the million credit-active youth, retail credit dominates, with 85% of the respondents holding store accounts. Personal unsecured loans follow at 17%, while 9% have credit cards. In addition, young people represent approximately 4% of South Africa's total outstanding debt, carrying R10 billion in combined obligations. However, Fulton points out that their credit performance is worse than the national average, with R1.1 billion, or 11% of their total debt, currently overdue. This elevated delinquency rate signals particular financial stress within this age segment, Fulton says. MRF's Marketing All Product Survey (MAPS) of 20 000 South Africans shows that the youth are more concerned about privacy when it comes to credit. They prefer that others do not know they are taking a personal loan and would rather take the loan from a financial institution rather than from friends or family. South Africa faces a stark financial inclusion divide among young adults, Fulton says. 'While people under 24 represent approximately 20% of new credit market entrants over the past three months, a few hundred thousand individuals, this figure masks a deeper problem that many young South Africans never enter the formal credit market at all. ALSO READ: The dark picture of youth unemployment in South Africa Exclusion among youth creates two distinct groups Fulton says this exclusion creates two distinct groups: people who successfully access credit can join the formal financial system and participate in the economy, while many others remain locked out, classified as 'thin file' clients due to their lack of credit history. 'Without access to formal credit, these young South Africans are excluded from significant economic opportunities.' A credit score serves as the gateway not only to lending products and favourable terms, but to essential services across multiple sectors. A healthy credit profile enables access to cellphone contracts, rental agreements and can even influence employment opportunities, Fulton says. 'Expanding credit access among young adults represents both individual economic empowerment and broader formal economy development.' However, he says a further challenge lies in how people who do qualify for credit perform: approximately half of young borrowers default early in their credit journey, with most maintaining high-risk credit scores. 'This pattern underscores the urgent need for enhanced financial education and for those in distress to get into debt counselling early.' ALSO READ: Entrepreneurship a solution to youth unemployment – but there are challenges Youth make money with side hustles How do young people make their money to make ends meet? Enter the side hustle economy. Fulton points out that youth unemployment is at crisis levels, with fewer young people in formal employment now than in 2008. Harambee, an NGO focused on youth employment solutions, reports in its quarterly Breaking Barriers analysis that of the one million young people entering South Africa's labour market annually, only 40% find work in the short to medium term, while 30% find intermittent employment but remain mostly unemployed or outside education and training, 20% want to work but never find opportunities and 10% stop seeking work altogether. In addition, for those who are employed, side hustles have become essential to make ends meet. BrandMapp, a survey of South Africans in households earning over R10 000 monthly, shows a notable shift: in 2021, 55% reported having no side activities that create extra income, but this dropped to 49% in their most recent survey. The survey asks for details on these activities and the percentage of people who say they are running small businesses as a side hustle, or taking second jobs in their primary field has grown by 50%. This trend mirrors international patterns, with about 50% of millennials and 46% of Gen Z reporting side hustles. ALSO READ: Minister agrees unemployment statistics should include work in informal sector Kind of side hustles the youth choose The nature of these side hustles varies by demographic. BrandMapp data shows that 'home industry' activities are more common among black married couples, while temporary and shift work in restaurants and bars is more prevalent among white South Africans. Fulton says the intersection of limited formal employment, growing debt burdens and the rise of alternative income sources creates challenges as well as opportunities for South Africa's young people. 'In the face of considerable financial headwinds, many young people are turning to side hustles as a means of creating opportunity in a tough economy, but with the right support structures and a focus on keeping their credit history clean, this generation has the potential to drive long-term, inclusive growth.'
TimesLIVE
18 hours ago
- TimesLIVE
Crime intelligence boss and co-accused granted bail
The head of crime intelligence, Lt-Gen Dumisani Khumalo, together with some of his co-accused were each granted R10,000 bail by the Pretoria magistrate's court on Friday. They are facing charges of fraud and corruption relating to the appointment of an unqualified civilian in a senior post in the SAPS. Their court appearance follows their arrest on Thursday by the NPA's Investigating Directorate Against Corruption (IDAC). Khumalo is charged together with Maj-Gen Philani Lushaba (CFO at crime intelligence), Maj-Gen Nosipho Precious Madondo (component head of intelligence analysis and co-ordination), Maj-Gen Josias Lekalaka (Gauteng provincial head: crime intelligence), Maj-Gen Zwelithini Gabela (technical management services), Brig Phindile Ncube (section head: personnel security — vetting) and Brig Dineo Mokwele. Their charges relate to the alleged irregular employment of Mokwele in a senior ranking position of brigadier in the technical support services (TSS). According to Investigative Directorate spokesperson Henry Mamothame, it is alleged that Khumalo acting in common purpose with his co-accused were involved in the irregular appointment of Mokwele. 'They are further accused of flouting the vetting process which is critical in the appointment of senior officials within the SAPS, particularly the crime intelligence division which deals with sensitive and confidential information. This case forms part of IDAC's broader mandate of investigating fraud and corruption within government entities to prevent state capture through these critical entities,' Mamothame said. Khumalo, Madondo, Lekalakala, Gabela, Ncube and Mokwele were granted R10 000 bail. They were ordered not to enter any premises of crime intelligence. Mamothame said Lushaba will remain in custody as his matter is a schedule 6 criminal offence, owing to his pending case, and this did not reflect in his affidavit presented to the court for the bail application. The case has been postponed to August 13 for disclosure of the docket.
