Ex-Joburg mayor Kabelo Gwamanda arrested over alleged ponzi scheme

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Ex-Joburg mayor Kabelo Gwamanda arrested over alleged ponzi scheme
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Former City of Johannesburg mayor Kabelo Gwamanda's party Al Jama-ah has confirmed his arrest. Here's what you should know..

Former City of Johannesburg mayor Kabelo Gwamanda’s party Al Jama-ah has confirmed his arrest. Here’s what you should know..

The party said it was surprised by the timing of the law enforcement, which occurred at the time of Gwamanda’s appointment to the GNU Clearing House Committee and on the eve of the highly contested street renaming from Sandton Drive to Leila Khaled Drive. Al Jama-ah gave Phalatse 48 hours to retract her statements or face legal action. She did not retract, and instead, she pursued a case against Gwamanda. The FSCA also emphasised that the existence of an investigation should not be construed as a statement or indication that any person has indeed contravened a financial sector law.

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