Thulani Majola life story, LTE Consulting, profile, latest news
Thulani Majola is not a new name on the news headlines. He is known to be a wealthy businessman and donor to the ANC. He has also been on the headlines because of the contracts and tender that he has landed. The point of focus has been the controversies regarding the delivery of the tenders. How about delving into details about why he is on the limelight.
Source: Twitter
A couple of months ago, Thulani Majola was mentioned in the Zondo Commission regarding some funds that were remitted from his company to a bank account linked to Julius Malema. On 3rd November 2020, the Hawks Unit of the police raided the offices of his company in Johannesburg. The raid was about what was termed as a probe regarding a PPE procurement. Would you like to know more about him and the controversies about him?
Thulani Majola profile
- Full name: Thulani Majola
- Nationality: South African
- Profession: Group CEO and chairman of LTE Holdings, businessman
- Alma mater: B. Tech in marketing, Cape Peninsula University of Technology
Thulani Majola life story
Thulani Majola is the Group CEO and chairperson of LTE Holdings. He joined the company in 2005 and landed the position CEO and chairperson in 2009. He has significantly influenced the expansion of the company by building strong partnerships in different fields.
Thulani holds a Bachelor of Technology degree in marketing from the Cape Peninsula University of Technology. His academic qualification has significantly influenced the impact that he has at LTE Holdings. His mission is to increase brand equity and entrenchment.
Apart from his business acumen, Thulani is a former recipient of the BBQ Businessmen of the Year awards. He believes in leadership philosophy, and he terms it as the four values: respect time, respect people, respect a value chain, and respect a collective decision.
Thulani Majola LTE Consulting
Source: Facebook
On 3rd November 2020, The Hawks unit raided the offices of LTE Consulting in Johannesburg. The raid was part of an investigation into the procurement of Personal Protection Equipment. It is alleged that the South African Police Service approved an R77m contract for the company in April. The company was expected to supply approximately three million face masks to the police to combat the spread of the Covid-19.
According to Colonel Katlego Mogale, the provincial Hawks spokesperson,
The Hawks conducted a search and seizure operation in the Gauteng of the offices of LTE Consulting in relation to an ongoing investigation into PPE procurement.
Thulani Majola LTE and the Zondo Commission
According to reports that cropped up recently, the Zondo Commission that has been probing cases related to state capture, fraud and corruption had listed LTE Consulting. According to the reports, the commission was investigating a sum of R200,000 that LTE Consulting remitted to a bank account linked to Julius Malema.
LTE R2.7 failed project
Apart from the South African Police Service contract, this is not the first time that the company is being embroiled. It was recently on the headlines after the R2.7 billion project in Giyani, Limpopo province.
According to reports, LTE Consultancy landed an emergency contract with the value that was supposed to be R100m. The deal was for the supply of water to fifty-five villages by the Lepelle Northern Water. However, the company delegated Khato Civils, a construction firm, to lay more than 340km of bulk water pipes. As a result, the worth of the project ballooned from R100m to a whopping R2.7 billion.
Despite the extravagant figure, the work is incomplete since the water department failed to make payments to the subcontractors. This is one of the LTE projects that has been on the limelight and sparked questions.
Thulani Majola latest news
Sunday Times reported that the police had deposited R6.4m on 15th April 2020 and another R70.6m on 24th April 2020. The statements also revealed that Majola had made two payments of R500,000 to the ANC in July 2020.
The donation to the ANC sparked controversy. This is because he has a history of landing some of the most expensive contracts in the past decades. Sunday Times interviewed him about the R1m donation to the African National Congress Business Forum, and he made the following remarks,
I am a member of the PBF, and there is nothing wrong with a donation to the ANC.
Thulani Majola has sparked a series of controversies. You might be interested in knowing how the events will pun out for the businessman. Therefore, be sure to look out for updates on how he will face the authorities and what will happen to him.
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Source: Briefly News
