Edwin Sodi, a wellknown entrepreneur, has relisted his luxurious mansion in Morningside, valued at R75 million, for sale after repurchasing it from the Asset Forfeiture Unit. The mansion features five bedrooms, five bathrooms, a gym, a Jacuzzi, and a swimming pool with a deck spread across 4000 square metres. However, Sodi’s alleged involvement in several contentious tenders has led to legal disputes, making the mansion a symbol of the spoils and perils of highrisk entrepreneurship. Despite the controversy, the mansion continues to generate buzz in the real estate market.
The Rise and Fall of Dr. Mandla Lamba: South Africa’s Self-Proclaimed Youngest Billionaire
by Tumi Makgale
Dr. Mandla Lamba, the selfproclaimed youngest billionaire in South Africa, has been facing a series of setbacks recently. These events came after Lamba failed to comply with a court order to pay his former employee, Christa Brits, R750,000 within a specified deadline.
The Passenger Rail Agency of South Africa (PRASA) has been embroiled in a series of legal battles since early 2021, with the rail agency relying heavily on the services of the law firm De Swardt Myambo Hlahla Attorneys. However, concerns have been raised over PRASA’s procurement practices, with the National Treasury warning that the agency may have violated procurement regulations by using De Swardt, which is not on its legal panel.