Soccer City BEE scam

[Gawain]

Soccer City, the R3.4-billion showpiece stadium set to host the World Cup final in June, is being managed by a company whose major empowerment shareholder is a former security guard who lives in a poor township outside Heidelberg, Gauteng.

Shares handed to guard-turned 'HR executive' three months before lucrative stadium tender is published
http://www.timeslive.co.za/sundaytimes/article418891.ece/Soccer-City-Scam

 

[Rosaudio]

The security there is pathetic

 

[SlowInternet]

Maybe I must take a drive outside my town and get some tips from this guy.

 

[davemc]

The lucky bugger!

 

[hawker]

Nice.

 

[Alestorm]

The lucky bugger!

He hasn't got anything from it, they'll probably delist him soon after the World Cup, and he hasn't actually paid anything for the shares obviously.

 

[Garson007]

Fronting. Fun. The government should really know better; my father as a government employee specifically checks for fronting before any contract is even considered. Whoever granted this must be fired.