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Wealth firm CEO suspended due to suspected looting

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The board of South Africa-based Ubuntu Wealth Management has suspended its chief executive, Qhawe Sithole. In a statement on its Facebook page, the company said Sithole was suspected of involvement in criminal activities in Umhlanga, eThekwini, KwaZulu-Natal on 13 July 2021, and was suspended the following day. According to local…

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