Ubuntu Wealth Management CEO, Qhawe Sithole, has been arrested by police for allegedly engaging in looting in Durban this week.
He was was found in possession of alcohol, a washing machine, and a barstool. South Africans have asked themselves what a CEO had to gain from looting.
EISH: A CEO who was called out for in looting a washing machine, a bar stool, alcohol and braai accessories has been suspended. For some perspective, he is also a former Hilton College pupil – South Africa’s most expensive school. People are hungry? #QhaweSithole #SAUnrest pic.twitter.com/DDW8e5s0rM
— Sihle ✍🏿️📝 (@SihleMlambo_) July 15, 2021
Also Read: Prince Kaybee on the ground cleaning up after looters
Ubuntu Wealth Management offers financial services such as wealth planning, investment advice, asset management, among others.
His friend Michael Hay called him out for his actions.
a whole CEO Qhawe Sithole looted washine machine ,Bicycle,Braai stuff ,bar stool and alcohol in a Jeep Wrangler 😡 pic.twitter.com/DISqcdJdVY
— Mickey Van Peeblez (@van_peeblez) July 15, 2021
Also Read: WATCH: Sihle Zikalala has been accused of supporting vigilantism and mob justice
Qhawe Sithole. Educated at Hilton. People like this are a cancer. Make him famous. pic.twitter.com/iSDtpjXxXg
— Leesie (@easyleesie) July 14, 2021
According to reports, as a result of his arrest, the company suspended him with immediate effect.
One of them is a CEO of a Wealth Management Fund modimo! https://t.co/JNNN7HVU57 pic.twitter.com/GQgZ8mN6uz
— Tebogo Tshwane (@TshwaneTebogo) July 15, 2021



