In The News South Africa

No more cashflow as Durban forex duo gets six years in jail

JOHANNESBURG, May 7 – The Financial Sector Conduct Authority (FSCA) on Tuesday welcomed the sentencing of popular Durban foreign exchange (forex) scammer Jabulani “Mr Cashflow” Ngcobo, and his partner in crime Mzabalazo Welcome Dlamini, on several counts of fraud. Ngcobo and Dlamini are known for living a champagne lifestyle, throwing lavish parties and showing off their wealth […]

In The News South Africa

Notorious Glebelands Hostel gunmen sentenced to 31 years in jail

JOHANNESBURG, December 13 – The Durban Regional Court sentenced 31-year-old Mawethu Maquthu to 15 years imprisonment for murder, five years on two counts of attempted murder at the notorious Glebelands Hostel, in Umlazi, Durban. Police said Maquthu was in addition slapped with a five-year-sentence for the illegal possession of ammunition, a similar sentence for the possession of […]

In The News South Africa

Momentum succumbs to public pressure, will pay R3mln death benefit to Ganas family

JOHANNESBURG, November 21- Life insurer Momentum on Tuesday capitulated to public pressure and changed, not only its stance, but its payout policy regarding death claims in cases of violent crime, regardless of previous medical history. Momentum has been under severe public criticism since the weekend when it emerged that the company had declined an application for […]