• All Share : 49290.56
    UNCHANGED0.00%
    Top 40 : 3477.06
    UNCHANGED0.00%
    Financial 15 : 15494.28
    UNCHANGED0.00%
    Industrial 25 : 61779.42
    UNCHANGED0.00%

  • ZAR/USD : 11.5489
    DOWN -0.01%
    ZAR/GBP : 18.0765
    DOWN -0.10%
    ZAR/EUR : 14.1863
    DOWN -0.05%
    ZAR/JPY : 0.0967
    DOWN -0.37%
    ZAR/AUD : 9.4475
    UP 0.13%

  • Gold : 1199.2650
    UP 0.25%
    Platinum : 1203.2000
    UP 0.43%
    Silver : 15.9420
    UP 0.58%
    Palladium : 794.5000
    UP 0.70%
    Brent Crude Oil : 59.620
    UP 0.59%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Fri Dec 19 08:27:54 SAST 2014

Alleged misuse of funds by NYDA not probed by Presidency

Sapa | 27 February, 2013 15:50
National Youth Development Agency (NYDA) chairman Andile Lungisa. File photo.
Image by: PEGGY NKOMO

The presidency was not probing the alleged misuse of funds by the National Youth Development Agency (NYDA) on Youth Day last year, the agency said on Wednesday.

Responding to a report in the Daily Dispatch newspaper on Tuesday, spokesman Siyabonga Magadla said in a statement that the report was wrong.

"The NYDA would like to put it on record that President Jacob Zuma's office is not investigating the NYDA as alleged by the Daily Dispatch. As such the newspaper article is incorrect and misleading," he said.

The report states the agency was being investigated, with the focus on provincial leaders within the NYDA who organised the one-day R5 million celebrations in Port Elizabeth.

The probe began after a whistle-blower made allegations to the NYDA's national office, which is based in the presidency and reports to Minister in the Presidency Collins Chabane.

"The NYDA can however confirm that it is conducting its own internal investigations into allegations of possible misuse of funds allocated to the 2012 Youth Day celebrations held in Nelson Mandela Bay," said Magadla.

"Details and the scope of the investigation can however not be revealed or discussed at this stage, as this may compromise the investigation."

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.