Poppy Buthelezi, a former student who has been confined to a wheelchair ever since she was injured during the student uprisings of 1976, visits the Hector Pieterson Memorial. Credit: Alf Kumalo/Through My Lens
🚨 PIC Isibaya Fund Bombshell: R3.6 BILLION in Public Pension Money Wiped Out
The PIC’s “developmental” Isibaya Fund - tasked with BEE and transformation deals - just wrote off investments in multiple companies delivering -100% IRR. Entire capital gone.
Pensioners’ savings funding high-risk empowerment projects with massive impairments. Parliamentary red flags, governance failures, and a pattern of losses stretching back years.
Question: Are BEE policies actually building sustainable black-owned businesses… or destroying value while enriching a few?
South Africa can’t afford feel-good investments at the expense of workers’ retirements.
Time for a hard audit and honest debate on results vs rhetoric.
What do you think? 🇿🇦
#PIC #BEE #SouthAfrica #PensionScandal
(Share this post if you want real economic accountability in South Africa)
Sexual harassment in the workplace: a thread 🧵
The applicant, Mr S Louw, was employed by the Department of Correctional Services as a Grade 2 Correctional Officer, at its De Aar Correctional Centre. He was dismissed in 2022 following a complaint of sexual harassment lodged by a fellow employee (complainant), who was also a Correctional Officer in the facility's female section.
The DA told farmers it was their party. Then this happened. 🧵
1/ SA's worst FMD outbreak. All 9 provinces. A national crisis.
A KZN farmer emails the minister — thanking him for vaccines, offering to help coordinate the rollout.
John Steenhuisen's chief of staff Jana le Roux forwards it to the DG and DDG with one line: "for some amusement."
2/ She has no agriculture background. She's a corporate lawyer who followed Steenhuisen from Cape Town city hall into the GNU.
Steenhuisen's response when it went viral? "I requested the person to apologise."
She kept her job.
3/ This is the same ministry that removed veteran FMD expert Dr Danie Odendaal for publicly questioning the vaccine strategy.
Mock the farmers trying to help. Fire the experts trying to fix it.
Then ask for an apology and move on.
This is the DA's "agriculture reset." 🌾
Die uitgelekte e-pos uit die kantoor van die minister van landbou is ’n ernstige klap in die gesig van elke boer wat tans onder die bek-en-klouseer-krisis gebuk gaan. Terwyl boere daagliks met siek diere, bewegingsbeperkings, finansiële verliese en groot onsekerheid worstel, word ’n versoek vir dringende betrokkenheid by die land se inentingstrategie binne die minister se kantoor afgemaak as iets vir “amusement”.