SA Politics Thread Part 10 : The GNU Has Crashed

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TheChamp said:
The Liberation Movement will also not compromise on its principles, that is why today we will sit down and plot the way forward without the DA, we will never be held to ransom.
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We have had it this time. Don't hold our hand, we are really really quitting this time. What do you mean you are not holding our hand. Take this hand - Don't hold our hand now..
 
TheChamp said:
Have you been sleeping? "why do you think the right wingers are so up in arms about it?
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No..

In your own words, how is EWC a gain for the poor and jobless masses in SA.

Stop deflecting Champy, man up and answer the question
 
MalcomZ said:
Ramaphosa is one slick man who can play both sides I'll give him that.

Just days after speaking to Putin and saying Russia and SA are good good and really tight, the president of Ukraine will be shaking hands with him in Tshwane.

https://twitter.com/x/status/1914947318064812455
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LMFAO, CR gets played by all sides, he's a geopolitical village bicycle

I just hope he remembers that we're bankrupt now that the world's most successful beggar touched down in ZA
 
That moment when the ONLY 'Independent Development' is the number of luxury houses being bought with CASH PAYMENTS & shiny new multi-million Rand SUV's parked on the driveway... nothing untoward to see here - Move Along Now!... 😛

Cash properties and new SUVs – inside Independent Development Trust CEO’s R22m assets splurge - Daily Maverick​


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The Independent Development Trust’s newly constituted board has passed a resolution calling for lifestyle audits into the entity’s executive management. Daily Maverick unpacks several property transactions and vehicle purchases that might pique the investigators’ interest.

Trusts controlled by the Independent Development Trust’s (IDT’s) CEO, Tebogo Malaka, in 2023 forked out R6-million in cash for the purchase of three properties in Gauteng. This includes a plot in Gauteng’s upmarket Waterfall Country Estate, where the priciest properties currently on offer sell for upwards of R20-million.

Daily Maverick has established that one of Malaka’s trusts is in the process of building a house on the Waterfall plot — again without a bond — and that the total cost is set to be around R12-million. This will bring to R18-million the grand total for the assets splurge that Malaka embarked on in 2023 – all paid for, or due to be paid for, in cash.

Later in 2023, Malaka also forked out more than R4-million for two luxury vehicles. The IDT CEO purchased a brand-new Porsche Cayenne SUV and a Range Rover Sport, each with a price tag of at least R2-million.

Unlike the properties, Malaka seemingly bought the vehicles through financing arrangements. However, the new wheels may still raise questions over Malaka’s ability to service the instalments, especially when these purchases are viewed alongside the cash transactions for the properties.

Malaka has strongly denied any wrongdoing.

Last week, the queries Daily Maverick sent out for this piece seemingly triggered a hefty social media campaign aimed at discrediting our work.

On the same day that we sent our questions to Malaka, an account on X (formerly Twitter) claimed that Daily Maverick and this journalist were part of a “coordinated information ecosystem” that seeks to unfairly target the likes of Malaka.

On Good Friday, another X account posted fake screengrabs purporting to show Whatsapp messages between this reporter and Public Works Minister Dean Macpherson’s chief of staff. The falsified messages again sought to show that this reporter was acting in cahoots with dubious forces that were out to tarnish Malaka’s reputation. The fake messages also made specific reference to the assets Malaka had acquired through her trusts.

Speaking through a law firm that Malaka had appointed after we sent her our queries, the IDT CEO denied that she had played any role in disseminating fake news.

“Any suggestion that our client is involved in any form of wrongdoing, or in the manufacturing or distribution of the purported false information, is categorically denied. Our client asserts that she had no role in, nor responsibility for, the alleged activities referenced in your correspondence. Any such allegation is without merit and is firmly rejected,” reads a letter from her attorneys.

‘Not public information’​

As the IDT’s political custodian, Macpherson recently called for lifestyle audits into the IDT’s top management.

The IDT’s board of trustees, now chaired by businesswoman Zimbini Hill, subsequently passed a resolution that approved broad-ranging lifestyle audits into Malaka and other senior IDT executives.

The resolution comes on the back of several media exposés involving IDT contracts worth hundreds of millions of rands.

In October last year, Daily Maverick revealed that the IDT had awarded the lion’s share of a R836-million oxygen plants project to Bulkeng, an apparent “ghost company” that did not possess the necessary accreditation to deal in medical equipment. The National Department of Health, on whose behalf the IDT managed the project, has since pulled out of the contracts.

In light of the upcoming lifestyle audits, Daily Maverick’s latest offering delves into the properties and vehicles that Malaka and her trusts bought in the space of just one year.

Our report comes with an important caveat: We neither possess any evidence that the assets were purchased with funds linked to IDT contracts, nor are we suggesting that this was the case.

However, the transactions detailed in this piece will almost certainly feature in the upcoming lifestyle audits. The investigators are sure to take a keen look at especially the cash purchases, seeing as the movement of large sums of money is a key consideration in any instance where there are concerns over alleged corruption, fraud and money laundering.

What’s more, the timing of the assets splurge may also raise further red flags. The properties and cars were all purchased in 2023. During that year, the IDT oversaw tender processes for some of its most contentious contracts, including those that were awarded for the oxygen plants initiative.

We specifically asked Malaka how she and her trusts had managed to acquire the assets in such a short space of time, especially those properties that had been bought without bank loans. We also wanted to know how she would finance the multimillion-rand building project on the Waterfall plot.

“The source of income of the trust used for the acquisition of the properties in question is not public information. Our client elects not to disclose any further details in this regard,” stated Malaka’s attorneys.

“It is denied that our client has, or had, any influence over the appointment of any service providers to the IDT. All appointments were made through a public tender process, in which representatives from the relevant government departments formed part of the evaluation panel,” said the attorneys.
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Read the full article here.

www.dailymaverick.co.za

Cash properties and new SUVs – inside the IDT CEO’s R22m assets splurge

The Independent Development Trust’s newly constituted board has passed a resolution calling for lifestyle audits into the entity’s executive management. Daily Maverick unpacks several property transactions and vehicle purchases that might pique the investigators’ interest.
www.dailymaverick.co.za www.dailymaverick.co.za
 
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