South Africans woke up to startling revelations that money from a Heritage Fund meant to free student debt, assist in COVID-relief and poverty has been stolen.
Tokyo Sexwale, businessman and ANC veteran made the claims on eNCA.
“The issue was to get this fund, brought into our hands so that we can help. We’ve just offered for COVID, a few billions, even the universities, a few billions to clean up all the debt of the students. It’s money. I’ve worked with a lot of money, big money and so on, this fund is there.” – Tokyo Sexwale
Sexwale said the fund was brought to the attention of Jacob Zuma in 2016 and claimed that Cyril Ramaphosa is also aware that such a fund exists.
According to Sexwale, the R350 COVID-19 social grant was supposed to be a higher amount, which the fundholders and donors wanted to manage.
The amount that was meant to be paid out by the fund was allegedly supposed to be R2700 on top of the R350 COVID-19 stipend. Sexwale said that Cyril Ramaphosa opposed this.
Sexwale went on further to say that the South African Reserve Bank is in charge of the fund and that he is one of two people who is a mandated holder of the fund.
South Africans do not seem to be convinced about these claims because the allegations that money was taken from the fund do not add up.
Exactly, how much money does Tokyo have to suddenly be able to pay off so much debt? Are we really that gullible to believe this nonsense?
— T-bang Magate (@_thabang_z) April 19, 2021
Tokyo Sexwale’s ambitions of becoming a state president have turned him into something else. He was supposed to tell us this powerful family which donated this huge amount in 2016. Is he trying to tell us that he and that family knew about COVID-19 in 2016? Am I missing something
— Thobile Mpuma (@mpumat) April 19, 2021