R3 million: The starting cost to bid for Terry Pheto’s Lotto funded home
By Tshegofatso Makola
Following the Special Investigating Unit (SIU)’s investigation into various individuals who utilised National Lotteries Commission funds, the unit announced the auctioning of Tsotsi movie star, Moitheri Pheto’s house.
The house of a renowned actress, Moitheri Pheto, commonly known as Terry Pheto was placed on auction today, following the investigation by the SIU alleging that the luxury home located in Bryanston was built with the siphoned funds of the NLC.
Investigations conducted by the SIU reveal that the money used to purchase the land where Pheto’s luxury home was built came from non-profit organisations (NPO) that were registered to receive funding from the NLC.
The NPO was allegedly set to roll out a public campaign and culturally sensitive medical intervention projects aimed at traditional circumcision practices.
With the actress having been exposed last year, the High Court granted the SIU a preservation order to freeze Pheto’s home and other assets which have a combined value of R25 million.
Following this act, the SIU has further placed Pheto’s Bryanston home on auction with bidding beginning at R3 million.
This is in hopes to continue the investigation’s outcomes and “recover assets and financial losses suffered by the State”.
Meanwhile, the shadow Deputy Minister of Trade, Industry, and Competition in the Democratic Alliance (DA), Mat Cuthbert, has weighed in on the matter and called on the National Prosecuting Authority (NPA) to prosecute Pheto and others who have been implicated in this NLC saga.
In a statement, he further emphasised that the DA “encourages members of the public to bid for “Lottopreneur” and award-winning actress, Terry Pheto’s former house”, adding that the home is in perfect condition.
Pheto is not the only one who has suffered the wrath of this investigation. Many more well-known figures such as Arthur Mafokate and Presley Chweneyagae have seen their assets frozen as well.
National Lotteries Commission