South African News

Bafana legend Screamer Tshabalala shot during home invasion

Former Bafana Bafana head coach and Orlando Pirates technical director Stanley ‘Screamer’ Tshabalala was shot during a break-in at his home on Wednesday afternoon. Tshabalala family spokesperson Thato Matuka confirmed the news.

 

Matula said the police have launched an investigation into the matter. Tshabalala’s condition and further details of the incident are not yet known.

“The Tshabalala family would like to thank the public for their messages of support during this time and have asked for privacy while Bra Stan is recovering,” Matula added.

The 75-year-old former Sundowns coach is the father of the late kwaito legend Tokollo “Magesh” Tshabalala of TKZee fame and former BGM record executive, Busi Tshabalala.

IN OTHER NEWS; South African Billionaire CEO Markus Jooste Shoots Self In The Head After Getting Fined For Fraud

South African billionaire and former Steinhoff CEO, Markus Jooste reportedly shot himself in the head on Thursday as the net was closing in on him on fraud allegations.

In a statement, Western Cape police said the incident happened at around 2.40 pm.

“Police were activated to attend to a shooting incident at Kwaaiwater Beach in Hermanus. The deceased succumbed to a fatal gunshot wound to the head shortly after arrival at a private hospital,” said police.

An inquest docket has been opened with Hermanus police.

Jooste’s alleged suicide comes after the Financial Sector Conduct Authority (FSCA) on Wednesday hit him with a R475m administrative penalty for contraventions of the Financial Markets Act (FMA) related to his reporting on the financial position of Steinhoff International.

This follows a previous finding by the FSCA that Jooste contravened the FMA and faced a penalty of R20m in terms of the Financial Sector Act. The FSCA’s finding and penalty imposed was upheld by the Financial Services Tribunal.

“The FSCA has decided to impose an administrative penalty of R475m that includes a contribution of R10m to reimburse the FSCA for reasonable costs incurred in connection with the investigation of the contravention and interest on the amount of R475m at the rate of 11.75% calculated from the date of this order to the date of payment, both days inclusive,” the penalty order read.

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The extent of the dishonesty and manipulation of the financial results of Steinhoff International between 2014 and 2017 and of how its financial position was reported meant the publications did not fairly represent its financial position.

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