Ace’s ally left behind large, unexplained wealth

pig-sow-piglet-nursing-69397.jpegThe Free State official who allegedly took bribes and plundered the provincial police, roads and transport department he headed – left a handsome fortune when he died in December.

Msibi was a close ally of Free State premier and ANC secretary-general Ace Magashule and collected property for which he paid almost R25-million.

Property searches by amaBhungane found that the Msibi Family Trust owns three farms bought for more than R10-million; three properties in Three Rivers, near Vereeniging, bought for more than R9-million together; two flats in Bloemfontein; and five properties in Parys bought for R200,000 each.

The shopping spree started in November 2011, after Msibi was appointed head of the roads department, which has an annual budget of a billion rands. He bought a R1.7-million farm four days after his appointment…..more


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s