The Pretoria division of the Gauteng High Court has confirmed a Section 163 order granted to the South African Revenue Service in September last year against luxury car-loving businessman Thabiso Hamilton Ndlovu and several companies that have been described by the presiding judge as “mere fronts”.
He said that the “spendthrift behaviour of Ndlovu” in acquiring five luxury cars “at virtually one go” was “evidence of consumption on such a grand scale and gives rise to the inference that the assets under his control are unlikely to be deployed to the fiscus and are more likely to be devoted to immediate and extravagant gratification of material wants, depleting what is available to pay tax liabilities, present and future”.
Ndlovu is the sole director of Hamilton Holdings Pty Ltd and the sole member of Hamilton Projects CC, both of which opposed the preservation order together with Mok Plus One Pty Ltd, Abompetha Pty Ltd, Feliham Pty Ltd and Ndlovu himself.According to Judge Sutherland, Ndlovu had described Mok Plus One director Sechaba Mokone and Abompetha directors Thuthuka Kunene and Kagiso Sekgaolelo as “entities and persons who… have a close relationship with him and collaborate in business”.
Sutherland described all of the companies as part of the “Ndlovu circle”, in which Ndlovu had an “evident interest”. After a dive by the Illicit Economy Unit into Ndlovu’s affairs, said the judge, which included his bank accounts, “flows of money to and from one or the other of the respondents and to elsewhere and other incongruent cash flows into one or other respondent which did not ostensibly have a rational business purpose” were found.
“In addition, after the order was granted, it was discovered that Kgodumo had a contract with NHLS and paid the proceeds to [Hamilton Projects]. Of these funds, R20-million” was moved to the Sue and Ed Trust to acquire a property in Bryanston, Johannesburg. A new contract was drawn up to have the property registered in a company seemingly unrelated to Ndlovu. But the “controlling mind ” of the transaction was found to be Ndlovu.
This could be one of the most uneducated dumb crook
Earn, pay your taxes and enjoy your money. You’ll sleep well at night.
PaulivW 🤣🤣🤣
“Conspicuous consumer” as if y’all aren’t spending 100thousands on food alone 🤷🏾♂️
marzia_milazzo when I read the title of this article, I was reminded of your review... re: Conspicuous Consumption
This is banana state. This guy was getting business from state only. The same state feeds him for years without checking his tax compliance ? U collect tax from people who are tax compliance and give it non tax compliance people in tender 🤔 how awful
Lessons learnt the hard way
DarkSkinnedLawd Langa_Mngqushu ZittoNkululeko
Yorr, this is not a smallernyana bump. It could finish him.
kulanicool read here
We will survive, all the white mining giants are nit paying tax even paye.
Remember that guy from Mpumalanga ?
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