The Board of the Community Schemes Ombud Service (‘CSOS’) has suspended its Acting Chief Ombud, Adv. Seeng Letele and Chief Financial Officer, Mr Themba Mabuya
with effect from 03 September 2018, following allegations of gross negligence, dishonesty and dereliction of duty in regards to an R80 million investment in VBS Bank and failure to provide relevant information to the Board relating to the investment of surplus funds.
The suspension is on condition of full pay and subject to pending investigations and a possible disciplinary enquiry.
Ms Ndivhuo Rabuli, who is the current Executive for Legal, Compliance and Enforcement has been appointed Acting Chief Ombud. Mr Nathi Dube, the current Finance Manager, has been appointed Acting Chief Financial Officer.
Mobile: 082 7961805
Manager Marketing and Communications
For media enquiries