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
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
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.
— Tebogo Tshwane (@TshwaneTebogo) July 15, 2021