{"id":50109,"date":"2023-06-19T21:56:28","date_gmt":"2023-06-19T21:56:28","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/fsca-confirms-it-is-investigating-allegations-made-against-joburgs-mayor"},"modified":"2023-06-19T23:04:09","modified_gmt":"2023-06-19T23:04:09","slug":"fsca-confirms-it-is-investigating-allegations-made-against-joburgs-mayor","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/fsca-confirms-it-is-investigating-allegations-made-against-joburgs-mayor","title":{"rendered":"FSCA confirms it is investigating allegations made against Joburg&#8217;s mayor"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>The Financial Sector Conduct Authority (FSCA) confirmed it was investigating the allegations made against Johannesburg mayor Kabelo Gwamanda&#8217;s business, iThemba Lama Afrika.<\/p>\n<p>The business was accused of scamming Soweto residents via a funeral insurance scheme.<\/p>\n<p>Gwamanda and the ANC denied the allegations, which were made by the DA&#8217;s Mpho Phalatse.<\/p>\n<p>Confirming its decision to probe the allegations, the FSCA released a statement on Monday.<\/p>\n<p>It said the announcement did not indicate that &#8220;any person has indeed contravened a financial sector law&#8221;.The statement read:<\/p>\n<p>The FSCA said the investigation aimed to confirm whether the allegations were true.<\/p>\n<p>It would not disclose any information relating to the case &#8211; and would share its findings once it concluded.<\/p>\n<p>News24 previously reported that the ANC, who backed and chose Gwamanda as a mayoral candidate, maintained the mayor had met the minimum requirements and had been vetted.<\/p>\n<p>Opposition parties had been using the scandal to apply political pressure in an attempt to remove Gwamanda from office. ActionSA&#8217;s Johannesburg caucus leader, Funzi Ngobeni, said the FSCA&#8217;s decision to investigate the mayor emphasised the need for a motion of no confidence.<\/p>\n<p>Ngobeni said: &#8220;ActionSA believes the Financial Sector Conduct Authority&#8217;s confirmation that the City of Johannesburg mayor Kabelo Gwamanda&#8217;s funeral scheme was not registered, and therefore illegal, obviates the need for a motion of no confidence against him.&#8221;<\/p>\n<p>The party filed its motion on 7 June, saying it would not allow Gwamanda to get away with defrauding residents and would hold him accountable.<\/p>\n<p>The statement read: &#8220;ActionSA, a party committed to ethical leadership, refuses to allow Mayor Gwamanda to get away with defrauding our residents and will therefore proceed to hold him accountable by way of a MONC, which the Speaker has since decided not to table at this month&#8217;s programming committee.&#8221;<\/p>\n<p>Ngobeni added that ActionSA would engage with other opposition parties to &#8220;ensure that the office of the first citizen of the great City is occupied only by men and women of integrity who will put the interests of the residents first.&#8221;<\/p>\n<p>Thus far, the motion has received the backing of FF Plus, ACDP, IFP and UIM.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. The Financial Sector Conduct Authority (FSCA) confirmed it was investigating the allegations made against Johannesburg mayor Kabelo Gwamanda&#8217;s business, iThemba Lama Afrika. The business was accused of scamming Soweto residents via a funeral insurance scheme. Gwamanda and the ANC denied the allegations, which were made by the DA&#8217;s Mpho Phalatse. Confirming its [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":50108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,377],"tags":[744,274,315,1315,4990,309,310,5138,2483,288,275],"class_list":["post-50109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-actionsa","tag-africa-press","tag-africa-press-south-africa","tag-fsca","tag-funzi-ngobeni","tag-gauteng","tag-johannesburg","tag-kabelo-gwamanda","tag-political-parties","tag-politics","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FSCA confirms it is investigating allegations made against Joburg&#039;s mayor - South 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