PLEASE REPOST:
I built South Africa's first black-owned electric vehicle company.
I have deployed 70+ EVs with Blue Chip Companies, Local SMEs and exported to the UAE.
I have invested R9.5 million of my own money over 10 years.
The IDC has given me R0.
They gave a white-owned competitor R69.9 million.
Thread. ๐งต
@businessXplain@ParliamentofRSA@sedfa_dsbd@DSBD_SA@the_dtic@IDCSouthAfrica@PublicProtector@NAFCOCKZN
I have a story for a news channel or newspaper regarding the IDC. We have made our submission to the Parliamentary Committee and a petition. Please comment or DM me. This is a fight I have been going through for 8 years; it could even go to court now. Thanks.
๐ดEx-Hawks Boss Claims Billionaire Paid R10 Million For Breytenbachโs DA Position๐ด
Johannesburg โ Former Gauteng Hawks boss Prince Mokotedi has claimed that billionaire businessman Nathan Kirsh paid R10 million to the Democratic Alliance to secure a political position for Glynnis Breytenbach after she left the National Prosecuting Authority.
Read moreโฌ๏ธโฌ๏ธโฌ๏ธ
https://t.co/yDZP7FwflW
#DA
ARRESTED FOR R800 MILLION FRAUD AND FORGERY
Mr S Antonio lozzo (49), Daniel Werner Roets (43), and Abraham Johannes Van Rensburg (56) appeared in the Palmridge Magistrate's Court on Thursday after the Hawks' Germiston Serious Commercial Crime Investigation (SCCIU) successfully executed a J50 warrant of arrest that linked the three to a massive fraud and forgery syndicate involving losses estimated at R800 million.
The suspects allegedly forged the complainant's signature at a residential and workplace premises in Brackenhurst these fraudulent documents were then submitted to the Master's Office in Pretoria to officially remove the victim as a trustee.
This unlawful action directly resulted in the victim losing approximately R800 million in financial returns,
They were granted bail to the amount of R 50,000 each.
The case has been postponed to Monday, 05 October 2026 for further investigation
Being a BEE partner does not mean free, you buy the shares, you get financing from commercial banks. Reatile raised capital from a bank. We must continue to correct the narrative ๐๐พ
SHE ASKED CETA FOR R2.5 MILLION FOR AN IDEA. THEY SAID NO. THEN TUT REPORTEDLY GOT R12.5 MILLION FOR A SIMILAR PROJECT. ๐ณ๐
A South African woman, Sitso, says she approached the Construction Education and Training Authority (CETA) seeking R2.5 million to bring her project idea to life.
Her application was rejected.
She says she later discovered that Tshwane University of Technology (TUT) had reportedly received R12.5 million for a project that she believes was the same as, or closely resembled, the idea she had previously submitted to CETA.
She also raised concerns about a similar project linked to Lea College.
What makes this even more serious is her claim that, after questioning CETA, she was allegedly provided with written confirmation referring to an โoverlapโ between the projects.
WOW. This is deeply concerning. ๐ณ
If someone's idea was submitted in good faith, rejected, and then a substantially similar project later received five times the funding requested, that raises legitimate questions.
What happened to her proposal? Who had access to it? Was her intellectual property properly protected? And how did an alleged โoverlapโ occur?
Sitso deserves clear answers.
R2.5 million was rejected. R12.5 million reportedly followed for a similar idea.
If these allegations are accurate, this is not just sad, it demands accountability and transparency. ๐