Home South Africa News Tokyo Sexwale lays criminal complaint with Hawks about missing billions

Tokyo Sexwale lays criminal complaint with Hawks about missing billions

Tokyo Sexwale

ANC veteran and businessman Tokyo Sexwale is sticking to his guns that billions of donor funds were stolen from the South African Reserve Bank (SARB) and channelled to 18 local commercial banks including various prominent business people in the country.

Sexwale on Thursday reacted to the National Treasury and SARB statement which indicated there was no such cash under the care of the reserve bank and that he had been scammed.

He reiterated comments made during an interview on eNCA’s Truth to Power talk show hosted by JJ Tabane that an undisclosed owner of the money, deposited cash into the Bank of International Settlements (BIS) in Basel, Switzerland, with the view of assisting with philanthropic and humanitarian needs of all governments in Africa and Indian ocean Island States.

Tokyo Sexwale


According to Sexwale, the cash deposited amounted to 12 zeros in US currency and were supposed to be used to improve infrastructure, free education announced by former president Jacob Zuma a few hours before the start of the ANC elective conference in December 2017. He said the cash was also supposed to be used for the procurement of bullet trains which President Cyril Ramaphosa announced in his statement nation address in 2019.

He reiterated that both Zuma and Ramaphosa were aware of the cash under the custody of the central bank.

Despite the central bank denying the existence of the cash, Sexwale insisted that the bank was the “hub of money laundering” saying South Africa was the only country in Africa which accessed the cash from BIS into their care. On Thursday, the head of the Hawks Lieutenant-General Adv Godfrey Lebea confirmed that Sexwale registered a complaint with his office and he referred him to his Serious Economic offence Unit.

“Mr Sexwale has indeed registered a complaint with my office. I then referred him to our Serious Economic Offences Unit. They are conducting an investigation on the matter,” Adv Lebea said.

The National Treasury and the Reserve Bank said they did not want to comment on the latest allegations by Sexwale but maintained that they stood by their statement denying the existence of such funds.

In other news – Filmmaker Athi Petela apologises to LGBTQI+ community for controversial statements

The director of the new queer film “Trapped” Athi Petala admits that she may have used a wrong tone in her recent statements about not casting queer actors in queer roles.

Athi Petela

Petela got a lot of flak from the LGBTQI+ community after a video clip of her responding to a question on cisgender heterosexual actors, playing queer roles, started making rounds on social media, over the weekend. Learn more

Source: IOL