• About
Saturday, June 7, 2025
iReport South Africa
  • Home
  • Latest News
  • Politics
  • ENTERTAINMENT
  • Lifestyle
  • Crime
  • SPORTS
  • IREPORT TV
No Result
View All Result
  • Home
  • Latest News
  • Politics
  • ENTERTAINMENT
  • Lifestyle
  • Crime
  • SPORTS
  • IREPORT TV
No Result
View All Result
iReport South Africa
No Result
View All Result
Home Latest News

Court Freezes R32 Million in Assets Linked to Ex-Free State Premier Ace Magashule in Asbestos Scandal

May 17, 2025
0
Court Freezes R32 Million in Assets Linked to Ex-Free State Premier Ace Magashule in Asbestos Scandal
0
SHARES
Share on FacebookShare on Twitter

The Free State High Court has issued a sweeping order freezing R32 million in assets belonging to former Free State Premier Ace Magashule and his co-accused, marking a significant development in the long-running asbestos housing corruption case.

The National Prosecuting Authority’s (NPA) Asset Forfeiture Unit, in collaboration with the Hawks, seized six properties and a luxury Mercedes-Benz G63 AMG valued at R2 million—reportedly purchased in cash with funds allegedly siphoned from the Free State Department of Human Settlements.

Investigators uncovered a sophisticated money-laundering network involving attorneys, high-end car dealerships, and real estate agencies allegedly used to disguise the illicit origins of the money. The NPA asserts these assets were acquired through corrupt activities linked to the failed asbestos roof removal project, which was meant to benefit impoverished homeowners.

“This preservation order prevents any disposal of these assets while the State builds its case to permanently confiscate them,” said NPA spokesperson Mthunzi Mhaga. The move follows a 2020 restraint order for R300 million related to the same scandal.

Magashule faces trial alongside seven co-accused, including his former PA Moroadi Cholota, businessman Edwin Sodi, and ex-MEC Olly Mlamleli. The case stems from findings by the State Capture Commission, which revealed systemic corruption in the R255 million asbestos audit contract awarded to Blackhead Consulting and Diamond Hill Trading.

The latest seizures signal prosecutors’ intensified efforts to recover stolen state funds as South Africa continues grappling with high-profile corruption cases. With the criminal trial ongoing, authorities aim to demonstrate that ill-gotten gains won’t escape accountability.

Previous Post

Kaizer Chiefs Begin Squad Revamp After Disappointing Season

Next Post

Fired SAFA Official Denies Leaking R10 Million Payment Details, Claims Unfair Dismissal

iReport SA News

iReport South Africa News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of iReport South Africa News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by iReport South Africa News. iReport South Africa News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. iReport South Africa News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address reports@ireportsouthafrica.co.za and/or report the article using the available reporting functionality built into our Platform.

Related Posts

Malema Announces Leadership Deployments, Establishes GBV Desk as EFF Gears Up for 2025

Malema Blames Rwandan President Kagame for Deaths of South African Soldiers in DRC

February 7, 2025
Ramaphosa Highlights Progress in Education Despite Budget Cuts

Ramaphosa Highlights Progress in Education Despite Budget Cuts

October 9, 2024
Photo of Thulasizwe Buthelezi and UNyazi LweZulu

Photo of Thulasizwe Buthelezi and UNyazi LweZulu

September 20, 2024
Just in: More heartbreak for AKA family following recent discovery

Just in: More heartbreak for AKA family following recent discovery

September 10, 2024
Condolences messages pour in for Londie London Mourns the Passing of Her Father

Condolences messages pour in for Londie London Mourns the Passing of Her Father

September 18, 2024
ANC Launches Renewal Campaign to Reclaim Support in KwaZulu-Natal Amidst MK Party’s Rise

ANC Launches Renewal Campaign to Reclaim Support in KwaZulu-Natal Amidst MK Party’s Rise

November 11, 2024
Next Post
Fired SAFA Official Denies Leaking R10 Million Payment Details, Claims Unfair Dismissal

Fired SAFA Official Denies Leaking R10 Million Payment Details, Claims Unfair Dismissal

  • Trending
  • Comments
  • Latest
Bad News for everyone living in South Africa this morning As Nigerian Threaten To Take Over SA

Bad News for everyone living in South Africa this morning As Nigerian Threaten To Take Over SA

September 11, 2024
Look what Dr Nandipha’s mother spotted doing in court yesterday

Look what Dr Nandipha’s mother spotted doing in court yesterday

September 10, 2024
South Africa is finished|| Look over 100 illegal foreigner were caught bringing into the country

South Africa is finished|| Look over 100 illegal foreigner were caught bringing into the country

September 10, 2024
Unexpected || Hawks To Arrest ANC Heavyweight Over R680 000 Alleged Money Laundering

Unexpected || Hawks To Arrest ANC Heavyweight Over R680 000 Alleged Money Laundering

September 11, 2024

Big Nuz – Ngeke Wins Ukhozi FM Top 10 Cross Over Song Of The Year 2022 to 2023

0
Watch: Babes Wodumo Performing Ngeke at The Last Dance 2022 | Song of The Year

Watch: Babes Wodumo Performing Ngeke at The Last Dance 2022 | Song of The Year

0
Some people are angry on Babes Wodumo, following how She’s mourning her husband, take a look

Some people are angry on Babes Wodumo, following how She’s mourning her husband, take a look

0
Enhle Mbali exposed for ‘willing to be in a polygamous marriage’

Enhle Mbali exposed for ‘willing to be in a polygamous marriage’

0
Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

June 7, 2025
Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

June 7, 2025
MK Party Ousts Mzwanele Manyi as Chief Whip Amid Internal Strife

Former MKP Chief Whip Mzwanele Manyi Calls Dismissal “Political Manoeuvring”

June 7, 2025
“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

June 7, 2025

Recent News

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

June 7, 2025
Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

June 7, 2025
MK Party Ousts Mzwanele Manyi as Chief Whip Amid Internal Strife

Former MKP Chief Whip Mzwanele Manyi Calls Dismissal “Political Manoeuvring”

June 7, 2025
“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

June 7, 2025
iReport South Africa

iReport South Africa is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of iReport South Africa News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by iReport South Africa.

If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us and/or report the article using the available reporting functionality built into our Platform.

Follow Us

Recent News

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

June 7, 2025
Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

June 7, 2025
MK Party Ousts Mzwanele Manyi as Chief Whip Amid Internal Strife

Former MKP Chief Whip Mzwanele Manyi Calls Dismissal “Political Manoeuvring”

June 7, 2025
“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

June 7, 2025
  • About

© 2017 - 2023 iReport South Africa

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • LATEST NEWS
  • POLITICS
  • ENTERTAINMENT
  • LIFESTYLE
  • CRIME
  • SPORTS
  • BUSINESS
  • IREPORT TV
  • Login

© 2017 - 2023 iReport South Africa

iReport South Africa

iReport South Africa is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of iReport South Africa News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by iReport South Africa.

If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us and/or report the article using the available reporting functionality built into our Platform.

Follow Us

Recent News

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

Zuma Slams Ramaphosa’s US Trip, Says SA Should Solve Its Own Problems

June 7, 2025
Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

Ramaphosa Criticizes Minister’s Behavior in Parliament After Viral Video

June 7, 2025
MK Party Ousts Mzwanele Manyi as Chief Whip Amid Internal Strife

Former MKP Chief Whip Mzwanele Manyi Calls Dismissal “Political Manoeuvring”

June 7, 2025
“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

“Three People Show Up”: Duduzile Zuma’s Limpopo Rally Ends in Humiliation as Locals Snub MK Party

June 7, 2025
  • About

© 2017 - 2023 iReport South Africa

No Result
View All Result
  • HOME
  • LATEST NEWS
  • POLITICS
  • ENTERTAINMENT
  • LIFESTYLE
  • CRIME
  • SPORTS
  • BUSINESS
  • IREPORT TV
  • Login

© 2017 - 2023 iReport South Africa

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • LATEST NEWS
  • POLITICS
  • ENTERTAINMENT
  • LIFESTYLE
  • CRIME
  • SPORTS
  • BUSINESS
  • IREPORT TV
  • Login

© 2017 - 2023 iReport South Africa