Haibo: CEO Suspended After Being Arrested for Allegedly Looting in Durban

Haibo: CEO Suspended After Being Arrested for Allegedly Looting in Durban

  • The CEO of Ubuntu Wealth Management, Qhawe Sithole, has been arrested for allegedly being involved in the looting in Durban
  • His alleged actions were roundly condemned on social media, a person who knows him personally called him out for it
  • Social media users took to the internet to discuss the matter and asked what a CEO had to gain from looting

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The CEO of Ubuntu Wealth Management, Qhawe Sithole, has been arrested by police for allegedly looting in Durban.

He was found in possession of booze, a washing machine, a barstool and braai related equipment. As a result, the company has suspended the CEO with immediate effect according to IOL.

Durba looting, CEO, arrested
Qhawe Sithole was arrested for allegedly taking part in the looting and unrest in Durban. Photo credit: @van_peeblez
Source: Twitter

Ubuntu Wealth Management offers financial services such as wealth planning, investment advice, asset management and other financial services.

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It was reported that his friend Michael Hay called him out for his actions. He hauled him over the coals and called him a disgrace to his former elite private school, Hilton College, and the FSCA South Africa.

Social media users were not amused and took to the internet in anger

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"EISH: A CEO who was called out for looting a washing machine, a bar stool, alcohol and braai accessories has been suspended. For some perspective, he is also a former Hilton College pupil - South Africa's most expensive school. People are hungry?"


They're don't seem poor by any stretch of the imagination. I've read about Qhawe Sithole. A whole CEO from a privileged background..... What the hell is wrong with us?"

Mzansi reacts to a video of man playing bagpipes in Umhlanga

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A video of Umhlanga residents coming together to unite against violence and looting has come to the attention of Facebook users. Many have appreciated the move, saying Mzansi people are unique.

As the members of the community gather to close down the road and ensure there are no intruders, one guy appears walking up and down on the street playing the bagpipes.

One of the persons who commented, the sound famously originates from Scotland as a tool to strike fear into the enemy. According to Vusi Thembekwayo, he says Mzansi is one of the best countries in the world and he jokingly said he is waiting for the brave to respond to the sound.

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Source: Briefly News

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