Five companies linked to Shoprite director and former Telkom CEO paid R85,000 admission-of-guilt fine to SARS

Five companies linked to Sipho Maseko, including One Fountain Properties and Afrifund Advisory Services, have paid a total of R85,000 to SARS as an admission-of-guilt fine for failing to submit tax returns. The companies' failure to comply with tax regulations has raised questions about the corporate governance and oversight of Maseko, who also escaped conviction but was required to update his integrity information. This outcome highlights the need for greater transparency and accountability in South Africa's business sector.