More charges for Seretse & Co in P31m NPF case

Friday, March 13, 2026 | 330 Views |

Businessman Bakang Seretse and his associates are now facing a significantly expanded list of charges linked to more than P31 million connected to the National Petroleum Fund (NPF), with the number of charges rising from four to 64.

Seretse, a director of Kgori Capital (Pty) Ltd, has been charged alongside fellow directors Sharifa Noor and Alphonse Molamu Ndzinge. The companies Kgori Capital (Pty) Ltd and Kgori Holdings (Pty) Ltd are also listed as accused in the matter.

According to the charge sheet issued this week by prosecutor Thabo Malambane of the Directorate of Public Prosecutions (DPP), the case initially contained four counts but has now expanded to a total of 64 charges.

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More charges for Seretse & Co in P31m NPF case

Businessman Bakang Seretse and his associates are now facing a significantly expanded list of charges linked to more than P31 million connected to the National Petroleum Fund (NPF), with the number of charges rising from four to 64.