Randy Moche
168 posts

Randy Moche
@RandyMoche
WOMAN IN STEM• TECHIE•MOM•SERIAL ENTREPRENEUR•PHILANTHROPIST
Johannesburg, South Africa Katılım Nisan 2015
19 Takip Edilen76 Takipçiler

But Tat’ uNgconde Balfour WAS the government 🥺. That’s what Government looked like in my eyes.
Manje… 😒
Zingisa Mase@Call_her_ziggy
Life was good when I thought Mbhazima Shilowa and Ngconde Balfour were the actual government🥺☹️andazi ngoku🤦🏾♀️🤷🏾♀️
English
Randy Moche retweetledi

A reclusive 94-year-old just sold his food empire for $29 billion on.wsj.com/4tnzd1T
English
Randy Moche retweetledi

So the IDC just ran a paid News24 piece telling South Africa how great they are. Allow me to do something the IDC apparently cannot: basic maths.
They say they approved R26.6 billion in “transformation funding” last year and “created or preserved” 15,000 jobs.
That is R1,773,333 per job.
One million, seven hundred and seventy-three thousand, three hundred and thirty-three rand. Per job.
You could pay someone the average South African salary for nearly seven years with that money. Or you could give it to the IDC and they will “create or preserve” one job. Maybe. If the company does not end up in their R30 billion distress portfolio.
Oh, did I not mention that? The IDC’s distress portfolio, that is the money they invested that is now in trouble, is R30 billion. That is bigger than the R26.6 billion they approved this year. They are underwater. They are losing money faster than they are deploying it.
And of that R30 billion in distress? R9 billion is in black-empowered entities. So roughly a third of the “transformation” money they are bragging about in paid newspaper articles is currently circling the drain.
But wait, there is more.
Since 2017, the IDC has given R8.5 billion to 128 black industrialists. Sounds impressive until you learn that a single manganese company got R6.1 billion. One company. That is 72% of the total. Three companies consumed virtually the entire allocation.
The average per industrialist? R66.4 million.
Here is my favourite part: the IDC says 88% of its funding goes to black-owned businesses. Beautiful number. Very clean. Very round. Very paid-media-friendly.
But when NAFCOC went to Parliament and said the IDC is undermining black industrialists through “aggressive recovery actions, premature legal enforcement, and liquidation processes,” the Portfolio Committee Chair responded: “It appears that the IDC has not effectively embedded issues of transformation in its business processes.”
That is Parliament. Not me. Parliament.
So here is what R26.6 billion in “transformation funding” actually looks like:
1. R1.77 million per job (if you believe the job numbers).
2. R30 billion in distress (which they do not mention in the paid article).
3. R9 billion in black business distress (which they definitely do not mention).
72% of black industrialist funding going to three companies (which they will never mention).
But sure. Run the paid article. The maths will still be here in the morning.
News24 🇿🇦@News24
SPONSORED: IDC reveals 88% of their R26.6bn funding in 2024/25 went to black-owned businesses, creating 15,000+ jobs, whilst announcing new independent compliance mechanism by June 2026. news24.com/brandstory/par…
English

Girrrrl 👀.
If we had to talk… factual, things wouldn’t be cute.
We just watch shem @IDC, I am not bitter for not receiving the funding I needed, I am pissed at the 3 people I know of that got funding and bought a Porsche Cayenne another a GLE coupe and another a Ford Ranger and Tiguan. Went on holidays and called it a day.., All under your watch .
Come for me, I am waiting …
English

The day the IDC spills the applications details of some of your favs - the entire TL ..
It is a kindness that they are not doing open declarations ..
A reminder you do not know the personal
And financial details of the people you are advocating for …
News24 🇿🇦@News24
SPONSORED: IDC reveals 88% of their R26.6bn funding in 2024/25 went to black-owned businesses, creating 15,000+ jobs, whilst announcing new independent compliance mechanism by June 2026. news24.com/brandstory/par…
English

@illythehost How do you bring anything other than jazz to a jazz fes? Just call it a music festival and call it a day, don’t insult us please 🙄
English

@Gert_LeNinja I never understood this. And I’d be upset if I’m subjected to this at a jazz fes. .. I’d be livid
English

Having any other genre at a Jazz festival is really nasty business.
There is no where in a parallel world Spirit of Praise is including Shimza as part of the line up 🤣
THE AUDIO LAB@TheAudioLabSA
Dj Maphorisa at the Jazz Festival in Cape Town🔥
English


@Chrispin_JPhiri We know his dad is behind it. Clever though.
Well done to the young man
English

24-year-old Swedish-South African launched a tech startup tackling tender corruption mybroadband.co.za/news/business/…
English
Randy Moche retweetledi

An individual earning R100,000 per month in South Africa takes home about R67,965 after PAYE and payroll taxes, but once costs for private services like education and healthcare are included, a large portion of that income is eroded.
dailyinvestor.com/finance/126023…
English

Remember when you swore at the whole group?
Euphonik™♛@euphonik
Crazy that we used to use twitter like a WhatsApp group 😅😂
English

@CaptainGaspar Yoh, I have a mini internal crash out when I discover something I like, want or have does not have pockets.
English

@Robnson_T @SavageJollofina @Mandi_WaLeKhosi There’s a place apparently in Pimville Soweto that sells croc meat. Check on TikTok
English

@SavageJollofina @Mandi_WaLeKhosi I might just try crocodile meat , problem is that CapeTown is far 🥹
English

No. He is a baby. Don’t do that to him. Play it out like the other lady said. Take him around amaphara a few times and let it go. When the time is right, 15-18 you can take him if anything significant hasn’t happened between now and now.
But please don’t take him. Protect him.
Oh Yini 😭💔, why are we left to make such decisions?
English

I don’t think people realise how disorienting it is to be both overestimated and underestimated at the same time.
You’re given access based on how you look, then quietly resisted when you show you actually belong there. Having experienced both ends, the real impact isn’t even the treatment, it’s what it does to your internal state. You become hyper-aware, constantly adjusting, softening here, sharpening there… just to be read correctly. It looks like confidence from the outside, but it’s often regulation. That kind of cognitive and emotional load is rarely acknowledged.
English

@chantie_hun I’ve been struggling to see what people see. It’s tacky in my opinion. Lee and that girl wa Calvin and I am not convinced. It’s tacky in my view but I respect people’s choices. I’ll cringe in my corner
English











