Home Breaking South African CEO Suspended for Allegedly Looting During Protests –

South African CEO Suspended for Allegedly Looting During Protests –


A South African CEO has been suspended for allegedly participating in looting during the recent protests in KwaZulu-Natala.

According to local media reports in South Africa, Qhawe Sithole, the CEO of Ubuntu Wealth Management has been suspended with immediate effect for looting a washing machine, a barstool, alcohol and braai accessories.

The organization through a statement added that investigations into the allegations have commenced thus the CEO remains suspended pending the outcome of the same.

“Once the board receives all facts to his case and [has] studied the findings, the board will take the recommended disciplinary action against the chief executive (or anyone else) as required,” the company COO, Mmangaliso Nxumalo said.

Read: Ex-South Africa’s President Jacob Zuma Surrenders, To Start Serving 15 Month Sentence

Addressing the allegations, the CEO stated that he bought the items adding that he has receipts to back up his claims.

Sithole further termed the allegations a witch hunt stating that he had moved into a new place hence had acquired new furniture among other things for the house.

“I moved into a new place beginning of July. I was buying my furniture… and they just flipped this whole thing on me. I was moving furniture [on Tuesday] to my place and I’ve got all my receipts,” he told a local media.

Read Also: Zuma Wants Court to “Reconsider Degrading” Ruling Imprisoning him for 15 Months

Sithole has since been arrested and charged with possession of suspected stolen goods.

The protests in South Africa have been going on for close to a week now following the arrest of former President Jacob Zuma.

Zuma handed himself over to the authorities to start serving his 15-month jail sentence for contempt of court among other charges.

Following the arrest, protests erupted in different parts filled with mass looting and deaths.

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