• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

National Treasury, SARB deny claims made by Tokyo Sexwale

19 April 2021, 11:49 PM  |
SABC SABC |  @SABCNews
Sexwale made the claims during a television news interview.

Sexwale made the claims during a television news interview.

Image: SABC Digital News

Sexwale made the claims during a television news interview.

The National Treasury and the South African Reserve Bank (SARB) have denied claims made by ANC veteran and businessman Tokyo Sexwale, that billions of rands deposited into the Reserve Bank to help educate the poor have been stolen.

Sexwale made the claims during a television news interview.

He says billions of rands that were supposed to fund education for the poor and to contribute to the fight against COVID-19 are held in a heritage fund.

However, the SA Reserve Bank and Treasury say there is no such a thing, and that Sexwale could have been a victim of a scam.

Sexwale claims that former President Jacob Zuma and President Cyril Ramaphosa are aware of the fund.

He says when Zuma announced free education, he was referring to the fund, not government money.

Treasury and the Central Bank say correspondence has been received from Sexwale and many other people alleging donor funds have been stolen.

They have called on Sexwale to provide proof of the existence of such funds.

Sexwale has refused to comment further, saying a case has been opened and that this is now a subject of an investigation.

Finance Minister Tito Mboweni has also tweeted that Sexwale’s statement is untrue and unfortunate.

[MEDIA STATEMENT] @TreasuryRSA and @SAReserveBank have released a joint response to allegations by Mr. Tokyo Sexwale. For full statement: https://t.co/s7EjQtmSEE pic.twitter.com/amGtqgqyd4

— SA Reserve Bank (@SAReserveBank) April 19, 2021

Share article
Tags: National TreasurySouth African Reserve Bank
Previous Post

SA records 744 new coronavirus infections in the last 24-hour cycle

Next Post

Israel to buy millions of Pfizer COVID-19 vaccine doses

Related Posts

Labourers work at the site of an under construction flyover in Kolkata, India, February 1, 2022.

Delegates hear that infrastructure deficit across BRICS countries is significant

28 September 2023, 7:22 PM
US dollar banknotes are seen in this illustration taken March 10, 2023.

Dollar eases from 10-month high but on track for weekly gain

28 September 2023, 5:30 PM
Employment application form

Employment data worrisome: Economists

28 September 2023, 3:13 PM
The workers say they were first notified about the termination of the employment after the announcement of the initial lockdown. However Daven Lottering Construction says they were only contracted until the end of March and their termination is unrelated to COVID-19.

Sanral defends international outsourcing for large-scale projects

28 September 2023, 8:38 AM
Nersa has approved Eskom to recover the R13 billion through tariff adjustments.

Eskom confident in electricity system ahead of summer

28 September 2023, 6:16 AM
[FILE IMAGE] Cars are overturned at Johannesburg CBD due to an explosion.

Local govt’s inability to enforce by-laws blamed for decay of SA cities

27 September 2023, 9:25 PM
Next Post
The new vaccinations will be suitable to protect people against different variants of the coronavirus.

Israel to buy millions of Pfizer COVID-19 vaccine doses

Most Viewed

  • 24hrs
  • Week
  • Month
  • Concern over exclusion of foreign nationals from Road Accident Fund
  • Visitors planning to visit the Overberg region urged to postpone their trips
  • Six beaches in Durban flagged with high levels of E.coli
  • ANC building up in flames in Port St Johns
  • Western Cape on high alert following severe storm warning
  • High waves and rough water conditions force beach closures in the Western Cape
  • Prince Mangosuthu Buthelezi to rest in the town he built and nurtured
  • NSPCA files criminal case against Julius Malema for alleged animal cruelty
  • Snow, heavy rainfall expected in parts of KZN: SAWS
  • Cold-front sweeps across SA bringing snow and chilly temperatures
  • Pirates need 2 goal win to advance to CAF group stages
  • Western Cape extreme weather expected to shift to KZN
  • Western Cape EFF plans shutdown over impounded taxis
  • Avian Flu detected at five poultry farms in Limpopo
  • EFF threatens to render City of Tshwane ungovernable

LATEST

[File Image]: Graphic depiction of crime scene
  • South Africa

Murders in the last decade almost 200 000: Cele


Former Deputy Minister of Foreign Affairs Aziz Pahad.
  • Politics

‘Parliament will continue drawing from lessons imparted by Aziz Pahad’


A Green Sea turtle swims over a reef on the North Shore of Oahu, Hawaii, in this file photo taken March 20, 2013.
  • World

DNA remnants found in fossil of 6 million year old turtle


Labourers work at the site of an under construction flyover in Kolkata, India, February 1, 2022.
  • Business

Delegates hear that infrastructure deficit across BRICS countries is significant


DRC President, Felix Tshisekedi.
  • Africa

DRC govt urged to ensure democratic spaces are protected in run-up to December election


  • South Africa

LIVE | State of democracy in the SADC region lecture by Prof Ibbo Mandaza


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous SA records 744 new coronavirus infections in the last 24-hour cycle
Next Israel to buy millions of Pfizer COVID-19 vaccine doses