MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / NHFC Must Account to Parliament

NHFC Must Account to Parliament

Dear Editor

The DA has written to the chairperson of the parliamentary portfolio committee for human settlements, Albert Mammoga Seabi, to request that the National Housing Finance Corporation (NHFC) appear to account regarding financial mismanagement allegations. This comes after the DA filed a formal complaint with the Public Service Commission (PSC), calling for an urgent investigation into the NHFC following a series of allegations brought forward by a whistleblower. The allegations against the NHFC include claims of financial mismanagement and irregular increases in board fees, among other concerns.

The NHFC is spending close to R4 million rand on rent for its offices. Whilst an amount of R1 096 972.17 million rands was spent in June 2024 on rental costs and “tenant installation”. This was revealed by the Department of Human Settlements in response to a written parliamentary question by the DA.

This is a simple act of daylight robbery and adds to the allegations we have asked the Public Service Commission to investigate earlier this week in our letter. It is another instance of the NHFC’s misplaced budget priorities and possibly mismanagement of funds in this entity.

The DA will continue to oppose the flagrant waste of taxpayer money while ensuring that the NHFC is held accountable.

Regards

Luyolo Mphithi MP
DA Spokesperson on Human Settlements

Category: Tag:

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Thoughts on Lotto Winner News

    Dear Editor This is fantastic news for the community of Gqeberha. It is always heartwarming to hear about such life-changing positive outcomes for everyday people. Congratulations to the lucky winner! Regards Buhle Ngcobo In Response to/From: R8.5 Million Lotto Winner Claims Prize in Gqeberha

  • Inquiry Regarding SASSA Card Replacement

    Dear Editor I am a social grant recipient and need guidance on swapping my SASSA Gold Card for the Postbank Black Card. Please assist. Regards Buhle Ngcobo In Response to/From: Minister Tolashe assures smooth transition to Postbank Black Cards for grant beneficiaries Swapping your SASSA Gold Card for the new Postbank Black Card is a…

  • Congratulations to the Lotto Winner

    Dear Editor Dear Editor, I was thrilled to hear about the R8.5 million Lotto win for the community of Gqeberha. Such life-changing news brings hope and excitement to everyone in the area. I congratulate the winner and wish them all the best with their prize. May this bring positive change to their life and the…

Reader Interactions

Comments