• Road to riches

    Taxpayers keep funding structures with big plans but who knows what efficacy, says Mandi Smallhorne.

  • Don't fall for Ponzi scams

    An expert unpacks the tell-tale signs to watch out for.

  • Inside Labour

    A smokescreen of misleading rhetoric won't make SA's problems go away, says Terry Bell.

See More

EAAB stands behind its chairperson

Aug 08 2011 13:21

Related Articles

Axed CEO's dismissal probed

Agency board rejects Machanik's claims

Illegal estate agents given extension

Axed CEO's comments raise concern

Axed CEO loses urgent court bid

More estate agents in suspected graft

Johannesburg - the Estate Agency Affairs Board (EAAB) on Monday said its board fully supports its chairperson Thami Bolani.

This was in spite of weekend media reports that the Hawks were investigating how a company belonging to Bolani allegedly pocketed R200 000 from the regulatory body.

"NCF Consulting Enterprises, a company in which Thami Bolani is a director, was paid the money for services as well as adverts placed by the EAAB in the bi-monthly newspaper of the National Consumer Forum, of which he is also chairman. Questions are now also being raised as to whether he declared his business interests to the EAAB," the Sunday Times wrote.

However, the EAAB said its board wished to highlight the fact that there had not been any audit findings alleging any contravention of the Public Finance Management Act by Bolani in his capacity as a board member and chairperson of the board.

The EAAB added that full disclosure had been made by Bolani when he became a board member.

The Board Charter is very specific and clear that "a board member who has real or prospective interests in any of the business of the board shall declare as soon as the board member becomes aware of such a specific interest on first appointment and once every year thereafter", the EAAB stressed.

It added that the decision to advertise in the newspaper of the National Consumer Forum had been taken long before Bolani became a board member and subsequently chairperson of the EAAB.

"The department of trade and industry, its agencies and other departments also advertise in this newspaper which is distributed free to consumers across the country."

"Although Mr Bolani was not aware of any investigation conducted against him until the allegations in the Sunday Times report of August 7, he has expressed his full cooperation in this regard."
dti  |  eaab  |  thami bolani  |  property market



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote