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Mandla Lamba
Mandla Lamba is a South Africa, South African scammer, known for having acquired a fake reputation as the country's "youngest billionaire" and a successful mining tycoon before being exposed. He was arrested on fraud and homicide charges in May 2011 and was imprisonment, imprisoned before becoming active again in 2021 following his release from jail. Rise to notoriety In 2010, South African media hailed Lamba as an inspirational example of young entrepreneurship and Black Economic Empowerment (BEE), based on his claims of having risen from an underprivileged beginnings to become, at age 25, a wealthy businessman who owned gold, diamond and manganese mines in South Africa, Zambia and the Republic of the Congo. He was the executive chairman of East American Resources, a "mid-tier mining company" that he claimed was worth "billions". Lamba cultivated a public image of a successful businessman, living a lavish lifestyle and flaunting his supposed wealth by driving expensive sports ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraudster
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008. The biggest sovereign default is Greece, with $138 billion in March 2012. Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and " bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meaning debtors are unable to pay their debts. * Bankruptcy: A legal finding tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyril Ramaphosa
Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and businessman, Ramaphosa is also the president of the African National Congress (ANC). Ramaphosa rose to national prominence as secretary general of South Africa's biggest and most powerful trade union, the National Union of Mineworkers. In 1991, he was elected ANC secretary general under ANC president Nelson Mandela and became the ANC's chief negotiator during the negotiations that ended apartheid. He was elected chairperson of the Constitutional Assembly after the country's first fully democratic elections in 1994 and some observers believed that he was Mandela's preferred successor. However, Ramaphosa resigned from politics in 1996 and became well known as a businessman, including as an owner of McDonald's South Africa, chair of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of South Africa
The president of South Africa is the head of state and head of government of the Republic of South Africa. The president heads the executive branch of the Government of South Africa and is the commander-in-chief of the South African National Defence Force. Between 1961 and 1994, the office of head of state was the State President of South Africa, state presidency. The president is elected by the National Assembly of South Africa, National Assembly, the lower house of Parliament of South Africa, Parliament, and is usually the leader of the largest party, which has been the African National Congress since the first multiracial election was held on 27 April 1994. The Constitution limits the president's time in office to two five-year terms. The first president to be elected under the new constitution was Nelson Mandela. The incumbent is Cyril Ramaphosa, who was elected by the National Assembly of South Africa, National Assembly on 15 February 2018 following the resignation of J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journalist
A journalist is an individual that collects/gathers information in form of text, audio, or pictures, processes them into a news-worthy form, and disseminates it to the public. The act or process mainly done by the journalist is called journalism. Roles Journalists can be broadcast, print, advertising, and public relations personnel, and, depending on the form of journalism, the term ''journalist'' may also include various categories of individuals as per the roles they play in the process. This includes reporters, correspondents, citizen journalists, editors, editorial-writers, columnists, and visual journalists, such as photojournalists (journalists who use the medium of photography). A reporter is a type of journalist who researches, writes and reports on information in order to present using sources. This may entail conducting interviews, information-gathering and/or writing articles. Reporters may split their time between working in a newsroom, or from home, and going ou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAfm
SAFM (official callsign: 5SSA) is a commercial FM radio station owned and operated by Southern Cross Austereo as part of the Hit Network. The station is broadcast to Adelaide, South Australia from studios in Franklin Street. History The station began broadcasting on 12 September 1980, on the frequency of 107.5 MHz, with a call sign of 5SSA and an original on-air branding of "Double SA-FM" which was very short-lived and soon replaced by "SA-FM". It was the first commercial radio station to broadcast on the FM band in Adelaide started by Paul Thompson of the Austereo Network. The first song played on air was "Sultans of Swing" by Dire Straits. Initially, SAFM was somewhat of a fringe operation, hampered largely by the fact that many houses, and more importantly most contemporary cars, did not have the ability to receive FM radio broadcasts. In 1982 it changed its name to "SAFM" and in 1989 altered its frequency slightly to 107.1 MHz. A second frequency, 91.1 MHz, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Press (South Africa)
City Press is a South African news brand that publishes on multiple platforms. Its flagship print edition is distributed nationally on Sunday, and it has a daily newsletter, online platform, and other social media platforms. These include Twitter, Facebook, Instagram and YouTube. The publication also runs a popular, daily morning newsletter called ''On a Point of Order'', a play on the South African Parliament scene, which frequently sees members of Parliament rising "on a point of order" to protest against something that somebody has said. Its other newsletters include: * Football Fever, a thrice weekly curation of news and analysis on the beautiful game; * Sundays With City Press, which features all the highlights of the print edition; and * #Trending – The Good Guide, a guide to all the latest culture, entertainment and tech news. History and operations The newspaper was established in 1982 as the ''Golden City Press'' by James R. A. Bailey and the South African Associ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free State (province)
The Free State, known as Orange Free State until the 28th of June 1995 when its name was changed, is a province of South Africa. Its capital is Bloemfontein, which is also South Africa's judicial capital. Its historical origins lie in the Boer republic called the Orange Free State and later Orange Free State Province. History The current borders of the province date from 1994 when the Bantustans were abolished and reincorporated into South Africa. It is also the only one of the four original provinces of South Africa not to undergo border changes, apart from the reincorporation of Bantustans, and its borders date from before the outbreak of the Boer War. Law and government The provincial government consists of a premier, an executive council of ten ministers, and a legislature. The provincial assembly and premier are elected for five-year terms, or until the next national election. Political parties are awarded assembly seats based on the percentage of votes each party receive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KwaZulu-Natal
KwaZulu-Natal (, also referred to as KZN and known as "the garden province") is a province of South Africa that was created in 1994 when the Zulu bantustan of KwaZulu ("Place of the Zulu" in Zulu) and Natal Province were merged. It is located in the southeast of the country, with a long shoreline on the Indian Ocean and sharing borders with three other provinces and the countries of Mozambique, Eswatini and Lesotho. Its capital is Pietermaritzburg, and its largest city is Durban. It is the second-most populous province in South Africa, with slightly fewer residents than Gauteng. Two areas in KwaZulu-Natal have been declared UNESCO World Heritage Sites: the iSimangaliso Wetland Park and the uKhahlamba Drakensberg Park. These areas are extremely scenic as well as important to the surrounding ecosystems. During the 1830s and early 1840s, the northern part of what is now KwaZulu-Natal was established as the Zulu Kingdom while the southern part was, briefly, the Boer Natalia Repu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gauteng
Gauteng ( ) is one of the nine provinces of South Africa. The name in Sotho-Tswana languages means 'place of gold'. Situated on the Highveld, Gauteng is the smallest province by land area in South Africa. Although Gauteng accounts for only 1.5% of the country's land area, it is home to more than a quarter of its population (26%). Highly urbanised, the province contains the country's largest city, Johannesburg, which is also one of the largest cities in the world. Gauteng is the wealthiest province in South Africa and is considered as the financial hub of not only South Africa but the entire African continent, mostly concentrated in Johannesburg. It also contains the administrative capital, Pretoria, and other large areas such as Midrand, Vanderbijlpark, Ekurhuleni and the affluent Sandton. Gauteng is the most populous province in South Africa with a population of approximately 16.1 million people according to mid year 2022 estimates. Etymology The name ''Gauteng'' is derived ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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