South Africa: Bank officials fired for siphoning funds
16.11.2007
South Africa's agriculture and land affairs minister, Lulu Xingwana on Thursday fired five of the embattled Land Bank's senior board members. The five including board chairperson Lungile Mazwai, and Directors Litha Nyhonyha, Charles Davies, Raisibe Morathi and Moira Tlhagale were fired amid claims that they mismanaged over R1 billion of bank fund.