Parliament’s Land Reform Committee has announced that it is considering subpoenaing the directors of Ingonyama Holdings to explain what happened to millions of rands given by the Ingonyama Trust Board.
Image: Independent Newspapers
Parliament’s Land Reform Committee has announced that it is considering subpoenaing the directors of Ingonyama Holdings to explain what happened to millions of rands given by the Ingonyama Trust Board
The committee has also indicated its intention to request an investigation by the Special Investigating Unit (SIU) into the company.
Ingonyama Holdings (IH) is the investment arm of the Ingonyama Trust (IT). IH was registered with the Companies and Intellectual Property Commission (CIPC) in November 2019, with IT as its sole shareholder.
This comes after the committee heard that Ingonyama Holdings has allegedly failed to account for a R41 million loan provided by the Ingonyama Trust Board as seed funding.
"The ITB lodged a complaint with the CIPC Fraud and Risk Unit. However, no progress has been reported, and hence the ITB opened a case of fraud with the South African Police Service (SAPS) in February 2025. Since then, there have been no formal responses from SAPS," the committee said.
"The committee expressed its concern that the Department of Land Reform and Rural Development has made no clear intervention to assist the ITB in the current litigation and IH matter".
Committee Chairperson Albert Mncwango said that the committee supports the Ingonyama Trust Board’s recommendation to summon the directors of Ingonyama Holdings to appear before Parliament and account for their actions.
"The committee welcomed the recommendation from the ITB for the committee to consider initiating processes to subpoena the IH directors to appear before the committee and account for their actions," Mncwango said.
"Further, the committee would explore the route of requesting the President to sign a proclamation for the Hawks and the Special Investigating Unit to investigate the matter to deal with the issues. The fact that Mr Ngwenya could chair both the ITB and the IH created a conflict of interest and blurred the lines of accountability.”
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