#KnowYourSIU| 1. The SIU does not target people nor do we investigate people. We investigate procurement processes in State Institutions and all levels of government departments, and it's through these processes that we find people who are responsible. In simple terms, we follow the money and the money leads us to people.
2. The law that governs the SIU states that the SIU does not identify its own investigations. We receive allegations, which we then assess to see if falls within our mandate, and we write a motivation for a proclamation to the President for authorisation.
We rely on whistleblowers or people reporting to our hotline, which is 0800 037 774.
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. 🧵
@businessXplain@ParliamentofRSA@sedfa_dsbd@DSBD_SA@the_dtic@IDCSouthAfrica@PublicProtector@NAFCOCKZN
𝗕𝗥𝗢𝗢𝗦 - 𝗧𝗛𝗘𝗬 𝗛𝗔𝗩𝗘 𝗔 𝗕𝗜𝗚 𝗠𝗢𝗨𝗧𝗛 𝗡𝗢𝗪...
"I don’t read social media because it’s all trash what is on social media.
"I know I have the experience of 40 years that whenever everything is good, all those guys shut up, but if there’s a defeat, they have big mouths.
“So, they have a big mouth now and I can manage that. Whatever they say, whatever they think I had to do, players I have to call, I have had four years here not listening to that.
"And I will not listen in the last six months either.”
[via @diskifans]
WOW! One of the State Capture cases quietly playing out in court is now settled. Nedbank to pay R600m to Transnet for its role in executing questionable financial transactions, knows as interest rate swaps, in 2015/16. R600m is chump change! Transnet wanted R10.5bn from Nedbank.
It’s treason.
These banks came together and decided to control the value of our currency for their own gain. They devalued the rand, increased interest rates, etc. They *intentionally* made the currency worth less than what it was actually worth.