Massive fraud scandal hits Dimension Data

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Not only is the sale of The Campus in Bryanston now in jeopardy, the company also risks losing its current B-BBEE rating. Moneyweb fraud investigations

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Several former executives at Dimension Data are caught up in a fraud scandal following a forensic probe into the December 2019 sale of The Campus, its iconic head office in Bryanston, Johannesburg. The developments have created a crisis for Dimension Data, putting the sale of The Campus in jeopardy. The company also risks losing its broad-based black economic empowerment rating.

In a holding statement issued exclusively to TechCentral following the publication’s enquiries into the matter, Dimension Data said it is “currently working closely with Identity PropCo to find a solution which achieves the original objectives of the transaction while preserving the interests of Dimension Data and Identity PropCo”.

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May God continue to bless ChristoperMabel never believe it going to workout because I have lost a lot in different places...I know one day they will face the judgment I really appreciate ChristoperMabel

Typical of corporate SA. Along with all the other shady BEEE deals.

What a messy transaction. My head is spinning😭

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