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Employment minister Thulas Nxeni halts R5 billion investment in Thuja Capital Fund

mylesillidge

mylesillidge

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Employment and labour department director-general Thobile Lamati wanted to go ahead with the project despite the risks involved.

“We decided that instead of being risk-averse, we would go ahead with the project because of its potential,” Times Live quoted Lamati as saying.

“We may be wrong or we may be right, but we think young people need employment.”
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You damn well better be right with that amount of money involved.
 
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Willing to bet this was your typical ANC money laundering scheme.

/gov gives money to random unheard-of company
/owners of the company give significant amounts of money to all "participants" and themselves
/money is laundered at the cost of SA once again to the advantage of ANC and friends
 
grok said:
African democracy is all about their leaders stealing from the people, instead of giving them a voice they only get to choose who steals from them. Viva!
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Viva Comrade Grok...viva...
 
Good on Thulas for doing the right thing for a change, this is clearly a scam.
 
This is MUCH more telling...the one that got away:

The UIF was also in the spotlight recently for spending R221 million in three months training people who already had jobs.


It paid R344 million to a company called Fuze Institute for Humanitarian and Development Praxis to train the workers.


The training initiative formed part of the UIF’s Employability Initiative programme aimed at creating 65,669 permanent jobs in the country. UIF insiders reportedly described the project as a “free for all”.


It saw 14,771 workers in KwaZulu-Natal trained to cook and provide meals for students in the province that benefit from the School Nutrition Programme.


However, it was discovered that the workers were employed on 24-month contracts long before their training began.


A senior official at UIF said training for all 61,000 food handlers who were set to benefit from the programme could have cost a third of the R344 million spent.

The money was reportedly spent as follows:

  • R22 million on overalls, hats, aprons, and masks;
  • R17 million on unspecified “tools of trade”;
  • A stipend of R1,050 a month for three months for the workers;
  • A R24 million project-management fee; and,
  • R14.7 million for support.

Blatant thievery....business as usual.
 
Danie_V said:
We don't need more cooks. We need more teachers, engineers, public transport, etc that will benefit the economy as a whole.
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There's nothing much wrong with training cooks, the development of people should look at both professional and vocational training. There is enough support available for engineer and other training through institutions of higher learning. Labour is looking at skill ing the lowly people who would otherwise not have any chance at any meaningful skills development, that is where this is coming from.
 
TheMightyQuinn said:
This is MUCH more telling...the one that got away:

The UIF was also in the spotlight recently for spending R221 million in three months training people who already had jobs.


It paid R344 million to a company called Fuze Institute for Humanitarian and Development Praxis to train the workers.


The training initiative formed part of the UIF’s Employability Initiative programme aimed at creating 65,669 permanent jobs in the country. UIF insiders reportedly described the project as a “free for all”.


It saw 14,771 workers in KwaZulu-Natal trained to cook and provide meals for students in the province that benefit from the School Nutrition Programme.


However, it was discovered that the workers were employed on 24-month contracts long before their training began.


A senior official at UIF said training for all 61,000 food handlers who were set to benefit from the programme could have cost a third of the R344 million spent.

The money was reportedly spent as follows:

  • R22 million on overalls, hats, aprons, and masks;
  • R17 million on unspecified “tools of trade”;
  • A stipend of R1,050 a month for three months for the workers;
  • A R24 million project-management fee; and,
  • R14.7 million for support.

Blatant thievery....business as usual.
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And the head of "Thuja Capital", the "company with no premises nor website" is none other than Mthunzi Mdwaba.

R.f9c3066637c5fbb5bc64e3b400439a6f

Mthunzi Mdwaba is an old scam artist who conned parliament to commit its resources as well as 8 million rands of public money on his campaign for his bid to become the next DG of the International Labour Organisation (ILO) in 2021. Considering that he held aa number of highly senior positions at the ILO in the past, why was this neccesary? https://ewn.co.za/2021/10/04/after-...upport-for-mthunzi-mdwaba-for-ilo-dg-position

So Mthunzi, as chairperson of SA Productivity, why is SA's productivity #53 out of 69 countries worldwide, despite your taxpayer funded organisation's best efforts over the past 8 years?
 
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RonSwanson said:
And the head of "Thuja Capital", the "company with no premises nor website" is none other than Mthunzi Mdwaba.

R.f9c3066637c5fbb5bc64e3b400439a6f

Mthunzi Mdwaba is an old scam artist who conned parliament to commit its resources as well as 8 million rands of public money on his campaign for his bid to become the next DG of the International Labour Organisation (ILO) in 2021. Considering that he held aa number of highly senior psitions at the ILO in the past, why was this neccesary? https://ewn.co.za/2021/10/04/after-...upport-for-mthunzi-mdwaba-for-ilo-dg-position

So Mthunzi, as chairperson of SA Productivity, why is SA's productivity #53 out of 69 countries worldwide, despite your taxpayer funded organisation's best efforts over the past 8 years?
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To be fair, saying he conned anyone into supporting his ILO DG campaign is just laying it on a bit too thick.
 
TheChamp said:
To be fair, saying he conned anyone into supporting his ILO DG campaign is just laying it on a bit too thick.
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Tell that to parliament, who withdrew the support early (and rightfully so), although it still ended up costing the taxpayer well over 8 million.
 
RonSwanson said:
Tell that to parliament, who withdrew the support early (and rightfully so), although it still ended up costing the taxpayer well over 8 million.
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I don't need to tell anything to Parliament, they never claimed they were conned out of anything, you are the one who made the claim, hence I am responding to you.
 
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