Joined October 2013
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South Africa consumes over 2 billion loaves of bread annually, the value chain from farms to millers and bakeries is not more than 5 firms yet over 90% of consumption is in the townships and villages. The South African economy is not a preserve of a few White controlled firms hence poverty escalates because no enough money circulates in "Black Areas" like townships and villages, they are nett suppliers of labour and consumption
Replying to @MxolisiBob
Who wil buy from the other if everyone has a bakery
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The Public Investment Corporation (PIC) invested a combined total of approximately R1.06 billion into Educor. Here we have a company representing the following cash eating "educational" gangsters..Damelin, CityVarsity, Icesa City Campus, and Lyceum College! They do not come cheap. Take huge "registration fees, harras their students & parents for payments, and yet still plead "poverty" when Department of Higher Education and Training (DHET), demand accountability through the filing of financial statements and tax compliance certificates! Question that should be posed is what happened to the billions received in PIC "subsidies" and student fees?? Surely salaries and overhead could not be so high(if budgeting and cost/benefit scoping were in place) . The PIC is a CASH COW for corporate thugs. Growing the #GEPF from under a trillion to over R4-trillion was a curse. We now have all sorts of freeloading Corporate welfare recipients abusing a fund that should benefit workers, being ransacked. Steinhoff set a disturbing example of perversion and criminality. There are many others. SME's are neglected, who despite their shortcomings , are more exemplary, and financially disciplined than these gigantic racketeers. @HigherEduGovZA , have you looked at this blatant mismanagement, whilst these leeches request "extensions" on their AFS and Tax submissions?? @mbiya001 @kgeremolla @MxolisiBob @Treasury_RSA
The PIC exists to safeguard the retirement savings of millions of public servants. Any allegation that threatens that mandate must be thoroughly scrutinised. #KagisoMatjila #DavidMasondo
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Prince K retweeted
The PIC exists to safeguard the retirement savings of millions of public servants. Any allegation that threatens that mandate must be thoroughly scrutinised. #KagisoMatjila #DavidMasondo
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It's nothing new, we were taught the same thing over 20 years and questioned what type of "Urban Planning" is this one where over 70% of population is neglected and only comes into play when discussing the "White Areas" It's one of the reasons the ANC assumed that South Africa had "excess" electricity and "water" yet the base was the 5 million Whites in 1993 not the 45m people living at the time so no power stations or dams were built now electricity is close to R5 per unit in 2026 from below R0.70 at the time, water problems across the country
Replying to @MxolisiBob
As second year Urban and Regional Planning student learning a lot from here than in class for now. We’re being told about Transit Oriented Development, Compact Cities. Mostly focused on CBD and Suburban. No Bantustan focus
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Prince K retweeted
R1 billion meant to tackle youth unemployment was stolen or looted at NYDA.
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Crime Intelligence put the R4.5 Billion looting cartel before Madlanga Commission quickly, the table of 15 companies herebelow, are a focused fraud and loot analysis of so-called BBBEE companies (ANC Cartel) involved with White Commercial Cartel. The data shows that the Public Investment Corporation (PIC) – specifically its Isibaya Fund – invested a total of R4.45 billion across these 15 companies, with zero proceeds, zero market value, and a -100% Internal Rate of Return (IRR). Analysis of the 15 Companies Listed Key Patterns in the Data 1. Complete capital loss: Every single company shows R0 proceeds and R0 market value. In legitimate private equity, some failures occur, but a 100% loss rate across 15 diverse sectors (media, construction, energy, education, agri, finance) is statistically anomalous. 2. No recovery or exit: Zero proceeds means no dividends, no interest, no principal repayment, and no sale of assets. This suggests either: a)Fraudulent diversion of funds (disguised as investment) b)Gross negligence in due diligence and monitoring c)Structuring to enable money movement without return obligation 3. Sector spread as a possible camouflage: Investments span seemingly legitimate industries (solar, beef, education, media). This mix is typical of attempts to appear like a normal development-fund portfolio, while achieving 100% loss. 4. Service overpricing hypothesis: These were not genuine equity investments but rather overpriced service contracts or cooked-up payments. Reality, the investment framework was a legal fiction to transfer GEPF funds with no expectation of return. Arrest GEPF Board of Directors, PIC Staff, IT Experts, Lawyers, Advocates, SAPS Members that concealed the R4.5 Billion fraud and loot and etc. What the Table Does Not Show The attachment contains none of the following, which you requested: a)Names of directors or representatives of GEPF (Crime Intelligence fill in, I am not going to do your work for you, I give intel/info, get to work) b)Names of lawyers, GEPF Staff, Signatories who signed contracts/fraud-investments deals c)Names of directors/shareholders of these 15 companies d)Bank account details or money trail to divers banks - to crypto currencies, stablecoins, new World Order Currencies and etc e)SAPS or Hawks officers involved in the cover-up (i.e. including GEPF Board of Directors) If one were to pursue this data forensically: 1. Trace incorporation records of each of the 15 companies (CIPC in South Africa) 2. Obtain bank statements showing where the R4.45bn was transferred post-investment 3. Cross-reference directors of these 15 companies with GEPF/PIC officials or ANC-Cartel entities (on this list) 4. Request investment committee minutes from PIC approving each of these 15 deals You will get a breakthrough. Get to work, place detailed records/same before Madlanga Commission, stop wasting time. Go seize gadgets of the looters, police which failed to investigate, NPA staff, GEPF Directors, company directors ( 100 gadgets to confiscate, you have work to do). I hate laziness, get to work. Place detailed records before Madlanga Commission, stop wasting time on little fish, there are bigger tender and investment cartels and thieves, hit the ground running. SAPS Staff which interfered in the investigation must be held accountable. CAT Matlala is a little fish! Get the ANC Cartel before Madlanga Commission.
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Prince K retweeted
Birisi çıkıp şunu söylese muhtemelen gülerdik: “İneklere yapay zeka ile entegre tasma takalım, çiftçi de sürüyü telefondan yönetsin.” Ama bugün bu fikir 2 milyar dolarlık bir şirkete dönüştü. Şirketin adı Halter. Mantık basit ama etkisi büyük: İneğin boynunda güneş enerjili bir tasma var. Çiftçi telefondan harita üzerinde sanal bir çit çiziyor. İnek sınıra yaklaşınca tasma ses ve titreşimle onu yönlendiriyor. Yani artık bazı yerlerde sürüyü hareket ettirmek için: Kapı açmak yok. Kilometrelerce tel çit çekmek yok. Saatlerce arazi dolaşmak yok. Ekranda çizgiyi kaydırıyorsun, sürü de yavaş yavaş oraya gidiyor. Ama asıl olay tasma değil. Asıl olay veri. Bu tasmalar hayvanın hareketini, davranışını, aktivitesini ve sağlık sinyallerini sürekli takip ediyor. Bir inek hasta mı olacak? Doğuma mı yaklaşıyor? Normalden farklı mı davranıyor? Sistem bunu çoğu zaman çiftçiden önce fark edebiliyor. Çünkü yıllardır milyonlarca hayvandan gelen davranış verisiyle eğitiliyor. İşte bu yüzden mesele “ineğe tasma takmak” değil. Mesele şu: Tarım ilk kez gerçekten yazılıma dönüşüyor. Eskiden çitle, kapıyla, araziyle yönetilen sürüler… Şimdi veriyle, yapay zekâyla ve mobil uygulamayla yönetiliyor. İlk duyunca komik geliyor. Ama bazen geleceğin en büyük işleri, ilk başta en saçma gelen fikirlerin içinden çıkıyor.
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Prince K retweeted
PIC and Financial SOE's/Organs of State Accountability; The business environment can be challenging and do lead to business failures and collapse. Undeniable. But few know, that some businesses are actually setup to fail. Especially so called BEE entities, so we "know whom to blame." The stratagem/ploy is known as ASSET STRIPPING. Considering some recipients of PIC "cash injections" not in operation any longer, the suspicion is "Asset Stripping", was the tactic from inception Built it up-create fake debts-milk cash-let it fail-and run. The founders then run with the loot and go retire on a tropical island , Jooste style. These diabolical schemes, have been in existence for ages. Don't know if @sarstax or @Treasury_RSA (PIC) care to look at these schemes/scams or do we, the ignorant public deserve no accountability??? @kgeremolla @MxolisiBob
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Prince K retweeted
The townships need thousands of bakeries, ANC destroyed all of them
Former Pirates Thabo Matlaba has started his own business of selling bread🍞.
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Prince K retweeted
ATTENTION South Africans @ParliamentofRSA has reopened public submissions on the Constitution review. SACR is collecting inputs via our Google Form to ensure public voices are included. While legal opinions are still being considered on the previous process (which we are reviewing for possible legal action), we won’t sit on the sidelines. we will continue engaging and participating actively. Link: forms.gle/HdxdPsRzLW1RycDs9 #ConstituionalReform
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Prince K retweeted
It’s been over a century!…..It’s time we upgraded the Stokvel! We’ve already mastered the hardest part of investing - saving consistently. R50 billion moves through SA Stokvels every year! This piece is my love letter & my challenge to that tradition! open.substack.com/pub/shekre…
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Prince K retweeted
Kore R500 million gone?😩
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Prince K retweeted
African bank was 67% government controlled until recently, these people love "revolutionary" slogans. Nobody stopped them to convert that ownership to 100%
African Bank has been for sale for over 3 years and none of these charlatans has done or said anything about taking it over.
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Prince K retweeted
African Bank has been for sale for over 3 years and none of these charlatans has done or said anything about taking it over.
EFF leader Julius Malema says Africans must not be distracted by internal conflicts such as xenophobia or disputes over spaza shops, but should instead remain united and focus on the bigger struggle of economic liberation through taking control of mines, banks, and other key industries, which he believes is the true path to redress and transformation.
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Prince K retweeted
The provinces are just a continuation of "homelands" from apartheid. Almost 60% of public budget ends up in those provinces which create tender and job mafias together with ANC "top leadership" ANC simply institutionalised apartheid corruption , it was not well published before 1994 because of media control but everyone knew that NP and Bantustan leaders are corrupt
Replying to @MxolisiBob
Abolish bloated administration and employ appropriate personnel. Structurally, we don’t need 9 provinces and that’s where money is wasted
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Let’s use #SpazaShopMafiaStellaNgobeni on all our @Stellarated tweets , it must be known that she is a mafia , where’s the R500M She can’t even point out 5 SMMEs she has assisted. Where’s the accountability? We are led by criminals.
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Prince K retweeted
Hawu, we have youth unemployment crisis yet the NYDA is allegedly looting the R1.3bn Presidential Youth Employment Fund meant to help over 100k young people? Hand-picked NPOs, political insiders, ghost workers, and procurement rigged by CEO Kubheka & his chief of staff???😭💔💔
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Prince K retweeted
In South Africa, you cannot find a WORKING industrial area or office park or education area in any township but there are plenty of these "Presidential Funds" , "Small Business Funds", ",SETAs" , etc in lofty offices but there's an expectation that youth unemployment will be reduced. By what exactly? People sitting in offices attending meetings and conferences? What operational thing do these "funds" do?
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Prince K retweeted
She has been doing that and getting away with it
Face of corruption first it was Ppe Covid funds now spaza shop fund looting ANC has no shame
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