{"id":266447,"date":"2018-08-21T11:07:05","date_gmt":"2018-08-21T09:07:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=266447"},"modified":"2018-08-21T11:07:05","modified_gmt":"2018-08-21T09:07:05","slug":"how-quickly-can-you-spend-r14-million","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/266447\/how-quickly-can-you-spend-r14-million\/","title":{"rendered":"How quickly can you spend R14 million?"},"content":{"rendered":"<div id=\"7ac5e9c703f1e32fbc180d127713bb550d5a9047\" class=\"article-widget article-widget-text\">\n<div class=\"wrap\">\n<div class=\"text\">\n<p>A report in the Dispatch reveals how accounting student Sibongile Mani allegedly spent R20,000 within two hours of having R14 million accidentally transferred into her account in June 2017.<\/p>\n<\/div>\n<div id=\"a96f8759-4dd8-88c6-b772-037535ffc884\" class=\"article-widget article-widget-text\">\n<div class=\"wrap\">\n<div class=\"text\">\n<p>The paper saw a four-page charge sheet during a hearing on Monday. Mani is charged with theft of R818,469 following a &#8220;systems error&#8221; in which she received R14.14 million accidentally.<\/p>\n<p>The trial has been postponed to October 25 after the defence team claimed it is still studying the contents of the docket and charge sheet submitted by the state, <a href=\"https:\/\/www.dispatchlive.co.za\/news\/2018-08-21-charge-sheet-details-manibags-nsfas-spend-splurge\/\" target=\"_blank\" rel=\"noopener\">Dispatch reported<\/a>.<\/p>\n<p>According to the charge sheet, the money was\u00a0transferred into Mani&#8217;s account at 13h09 on June 1, and she allegedly began spending it at 14h55, the same day.<\/p>\n<p>By the time the error was picked up, R818,469 has reportedly been spent at 48 merchants in the Eastern Cape and Gauteng. As much as R174,631 was spent over &#8220;few days&#8221; at Checkers Hyper in Centurion, while R178,923 was spent at Discount World in Fleet Street in East London.<\/p>\n<p>Mani reportedly spent R286,108 on &#8220;prohibited items&#8221; &#8211; those items NSFAS does not allow students to use its funds for, including alcohol, cigarettes, electrical appliances, bedding, airtime, gift cards, toys and microwave ovens.<\/p>\n<p>The charge sheet also alleged that Mani referred to herself on a social media account as &#8220;Sibongile Money&#8221;.<\/p>\n<p>&#8220;The accused knew at all times that she was only entitled to a food allowance of R1,400 and the credit she had received on June 1 2018 of R14.1 million was incorrect,&#8221; the charge sheet said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"text\">\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/wealth\/265423\/how-much-money-it-takes-to-be-considered-rich\/\" target=\"_blank\" rel=\"noopener\">How much money it takes to be considered rich<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A report in the Dispatch reveals how accounting student Sibongile Mani allegedly spent R20,000 within two hours of having R14.14 million accidentally transferred into her account in June 2017.<\/p>\n","protected":false},"author":10,"featured_media":257847,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-266447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/266447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=266447"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/266447\/revisions"}],"predecessor-version":[{"id":266483,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/266447\/revisions\/266483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/257847"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=266447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=266447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=266447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}