Ruth Moshabane

Ruth Moshabane, an employee of MTN South Africa, has appeared in the Palm Ridge commercial crimes court after stealing R63 million.

Court documents revealed that Ruth transferred the money in 90 transactions between 2010 and 2017.

Ruth was arrested in 2027.

She moved the money from MTN’s FNB bank accounts into her own Standard bank accounts under the pretence that she was paying vendors, Guardrisk and Mutual and Federal.


The fraud was discovered after Standard Bank alerted MTN that Ruth was moving large sums of money into her own  Standard Bank accounts from the company’s  FNB bank account.

The asset forfeiture unit has attached the following assets from Ruth:

1. Five houses

2. Seven cars

3. Millions in investment bank accounts.

4. Bank accounts

In a strange turn of events, Ruth has pleaded not guilty and is out on R200 000 bail, although she admits that she transferred the money into her own bank accounts.

The case will be heard again at the end of September 2022 after it was postponed.

The case has been delayed after Ruth changed lawyers eight times.