Acts Online
GT Shield

Business Practices Committee Report 80

Propalux 46 Ltd

Annex A

 

 

Assets

 

1) Bank accounts

 

Banks, account numbers and names of account holders

 

ABSA

404785-9381

Propalux 46 Limited account

ABSA

404779-3050

L M Mthombeni account

ABSA

80506-8914

L M Mthombeni account

ABSA

404812-1721

L M Fibas Padec Estate account

Standard

22114-9252

Lucky Mthombeni & Associates account

Standard

22114-9260

Sekheleng Propalux account

ABSA

57055-0102

Meyerton Hotel account

ABSA

51014-7936

Meyerton Victualitlies account

ABSA

34309-779

Special account

 

2) Fixed property

 

The estimated current values, according to Mthombeni, is given in brackets after the purchase price. The registered owner is indicated in italics and underlined.

 

1) 9 Paul Roos Street, a standard plot in Unitaspark. The outstanding bond is R210 000 and the property is insured for R3 million. Propalux.

 

2) 9 Delville street, Duncanville. The outstanding bond is R45 000 and the insured value is R220 000. LM Mthombeni.

 

3) 1644 Zone 10, Sebokeng. A dwelling that was purchased at R120 000 (R160 000). Propalux.

 

4) 1684 Zone 10 Sebokeng. A dwelling that was bought at R100 000 (R180 000). Propalux.

 

5) 733 Zone 6 Ext. 2 Sebokeng. This property was acquired at R80 000 (R140 000) Propalux.

 

6) 1 Kliprivier LVN, Three Rivers. The property was purchased R265 000 (R750 000) Propalux.

 

7) 6 Lubner Park, Sonlandpark. Property bought at R220 000 (R560 000) Propalux.

 

8) 24 Paul Roos Street, Vanderbijlpark. Acquired at R330 000 (R660 000), Sekheleng Propalux.

 

9) Scrapyard, 19, 20, 21 Ironside. Bought at R280 000 (R660 000), LM Mthombeni.

 

10) Meyerton Hotel. Acquired at R2 200 000, LM Mthombeni.

 

11) De Deur Shopping centre, bought at R2 400 000 (R5 million) LM Mthombeni.

 

12) 51/39 Building, Langmarket Street, Heilbron. Purchased at R150 000 (R250 000). Sekheleng Propalux.

 

13) Portion 10 of erf 2458, zone 2 Three Rivers, with approved share block or town housing rights. Bought at R150 000 (R1 million). LM Mthombeni.

 

14) Erf 1184, Sonlandpark. Bought at R240 000 (R560 000) LM Mthombeni.

 

15) Plot 250 Houtkop Rd 6, Unitaspark. Acquired at R400 000 (R800 000). LM Mthombeni.

 

16) Mohlakeng, 16 rooms. Purchased at R120 000 (R300 000). LM Mthombeni.

 

17) 19 Ronnie Gibson Street, Unitas Park. Bought at R325 000 (R990 000). LM Fibas

 

18) 35 Cassandra, Bedworthpark. Acquired at R255 000 (R750 000). LM Fibas.

 

19) 11 Jimmy Sintclair, Van der Merweskroon. Purchased at R330 000 (R750 000) LM Fibas.

 

20) 37 Japie Krige Street. Unitas Park. Bought at R360 000 (R850 000). LM Fibas.

 

21) 16 Reg Olivier Street, Sonlandpark. Bought at R225 000 (R600 000). Sekheleng Propalux.

 

22) Plot 43, Protea Street, Lenteland. Acquired at R31 5000 (R750 000). LM Fibas.

 

3) Vehicles

 

Mthombeni, some of the directors and some of the related "entities" own 63 vehicles. Six of these are registered in Mthombeni’s name and were allegedly bought from his personal funds, 32 others were registered in the name of directors and the remaining 25 are also registered in Mthombeni’s name. All the vehicles, except for the six that Mthombeni alleged were bought from his personal funds, were paid for from Propalux funds.