Djs in a spin over nyda R20 million spree, a deal that raises eyebrow toward our top djs/radio personalities. KPMG to conduct a forensic audit into the deal The National Youth Development Agency (NYDA) has allegedly spent millions of rand of taxpayers’ money buying music equipment at inflated prices for up-and-coming DJs. And the company they bought it from was Madlosi Entertainment – owned by Kaya FM station manager Greg Maloka and Kalawa Jazzme boss Oscar “Oskido” Mdlongwa. Now NYDA chairperson Yershen Pillay has asked accounting firm KPMG to conduct a forensic audit into the deal, which saw his agency spend almost R20 million on music equipment for 90 amateur DJs and 90 wannabe music producers, as well as on branding and marketing their businesses. This translates to about R96 000 each. The figures have sent shock waves through the music industry, with prominent DJs calling for law-enforcement agencies to probe the deal. A top DJ, who spoke on condition of anonymity lest his music not receive any radio airplay, said they knew about the deal but could not speak up. We knew about it, but we just couldn’t complain publicly because Oskido works for Metro FM and Maloka is Kaya FM’s boss. We were afraid the two stations would stop playing our music,” he said. Full Report sadjmag/?p=2939 If NYDA could spend a whooping R20M on up and coming DJs equipment why they failed to sponsor SA DJ Award which has a major impact and economic growth as far as our DJ industry is concerned?
Posted on: Mon, 17 Jun 2013 20:10:58 +0000
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