• Inside Labour

    There are silver linings to dark global clouds, says Terry Bell.

  • Labour Wrap

    Terry Bell looks back over perhaps the most turbulent and taxing year in the past 20.

  • Putin and the rouble rout

    Russia is not the West and Putin may well survive unscathed, says Leopold Scholtz.

Loading...
See More

Estate agents’ board chief suspended

Aug 26 2011 16:48 Sapa

Related Articles

Allegations sensationalist: EAAB chief

Hawks investigate estate board chief

Machanik case postponed

EAAB stands behind its chairperson

Agency board rejects Machanik's claims

Illegal estate agents given extension

 
Johannesburg -  The chairperson of the Estate Agency Affairs Board (EAAB), Thami Bolani was suspended by Trade and Industry Minister Rob Davies on Friday, the department of trade and industry said.

"Bolani's removal follows allegations that he has contravened the conditions of his appointment as a member of the board," the department of trade and industry (DTI) said.

"These allegations came about due to disclosures made to the DTI regarding an alleged conflict of interest."

Davies had ordered an independent forensic investigation into the allegations.

"Bolani has undertaken to cooperate fully with the investigation," the DTI said.

"Davies wishes to assure the public that the Estate Agency Affairs Board will continue to function as usual and that the DTI will render all the necessary support in terms of its oversight role to ensure that EAAB operations are not affected during this period."

His removal was temporary, the DTI said.

Earlier this month, the Sunday Times reported that the Hawks were investigating how NCF Consulting Enterprises, of which Bolani is chairperson, allegedly pocketed R200 000 from the EAAB.

According to the report, NCF Consulting Enterprises 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 Bolani is also chairperson.

However, Bolani said at the time that both the DTI and the EAAB were aware of his involvement in NCF Consulting Enterprises and the National Consumer Forum.

Bolani's temporary removal followed a turbulent year for the EAAB, which came under fire in February when it fired CEO Nomonde Mapetla, who then took the matter to court.
eaab  |  thami bolani  |  rob davies  |  property market
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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