Reserve Bank: Tokyo Sexwale s claims of donor fund theft point to a common scam Businessperson and former Gauteng Premier Tokyo Sexwale alleged that a portion of the monies within the Heritage Fund, of whom he is one of two mandate holders, had been pilfered . FILE: Tokyo Sexwale. Picture: Reinart Toerien/Eyewitness News
2 hours ago
JOHANNESBURG - The South African Reserve Bank and National Treasury have on Monday responded to claims by businessperson and former Gauteng Premier Tokyo Sexwale that billions of rands destined for the so-called Heritage Fund had been pilfered .
During an interview on eNCA, Sexwale confirmed the existence of the Heritage Fund, saying, Yes, I am part of two people who are in charge of the Heritage Fund that belongs to a very powerful family out there in the world. This fund is here in South Africa already. It comes through the South African Reserve Bank. I am p
TOKYO SEXWALE CLAIMS FUND WORTH BILLIONS IS BEING STOLEN FROM
Sexwale dropped the bombshell on the eNCA talk show
Truth to Power, which is hosted by JJ Tabane, on Sunday night, 18 April 2021. Sexwale said he and another unnamed person raised billions of rands that were provided by an extremely powerful family.
“I am part of two people who are in charge of the Heritage Fund that belongs to a very powerful family out there in the world,” said Sexwale.
“This fund is here in South Africa already, it comes through the SA Reserve Bank,” he added. “I’m part of two people who are mandate holders.”
Government intends to gazette the finalised regulations for a no-fault compensation fund, or Vaccine Adverse Events Compensation Scheme, by 22 April, well ahead of Covid-19 vaccine manufacturers Johnson & Johnson’s and Pfizer’s stipulated end April deadline.
A no-fault compensation fund a standard condition, also given the nod by the World Health Organization (WHO) effectively would indemnify vaccine manufacturers, but still allow anyone adversely affected by Covid-19 vaccines to claim recompense. That’s why this fund would be “mainly government funded”, health minister Zweli Mkhize on Wednesday told MPs.
“We intend for the no-fault compensation fund to be independent, have credibility and skill that is required. We have finalised the process to identify a seasoned retired judge to chair this scheme,” said Mkhize before announcing retired chief justice Sandile Ngcobo as the fund’s chairperson.
Expect extremely high fuel price hikes at month end, AA warns news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Acting Minister in the Presidency Khumbudzo Ntshavheni said that Health Minister Dr Zweli Mkhize and Minister of Finance Tito Mboweni briefed the Cabinet on Wednesday on negotiations with pharmaceutical companies for vaccines.