Lwandile

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Lwandile

Lwandile

@Linux_Argus

#FreePalestine

Присоединился Kasım 2023
275 Подписки73 Подписчики
Lwandile
Lwandile@Linux_Argus·
Kuhlekwa nina apha #ANCEC
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Lusibalukhulu 🖍
Lusibalukhulu 🖍@feziledhlamini_·
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…

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Rhodes University
Rhodes University@Rhodes_Uni·
#RUGrad2026 | Congratulations, Olwethu Ncapayi! From humble beginnings in a vibrant Eastern Cape city to digital stardom and a thriving career in media, Olwethu's journey is a powerful testament to the impact of dedication, creativity, and an unyielding commitment to purpose. He is a dynamic media professional, award-winning content creator, writer, and skilled camera operator and video editor.
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Lwandile
Lwandile@Linux_Argus·
@Leparagadi_Kego Nah but being told you don't have an eye for a fine honey would crush me💔 especially from my Dad😭
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Mosetsanyana. ❤
Mosetsanyana. ❤@Leparagadi_Kego·
Yesterday I heard my mom dissing my little brother's girlfriend 🤣🤣🤣 my dad joint and said 'ga ona leitlho bafana' 🤣😂 boy kept a straight face, walked out and while at the door he said 'yall chose each other, please let me be' 😭😭😭😂😂😂
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Panyaza Lesufi
Panyaza Lesufi@Lesufi·
Gautrain is coming to Soweto and Cosmo City. Please check the proposed railway routes and stations and make your views known. #GrowingGautengTogether
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Mandla Ndlovu 🇿🇦
Mandla Ndlovu 🇿🇦@Mandla_Ndl·
"We have chosen discipline not because we do not have opinions. For those who are positioning themselves and claiming to be the engine room of the ANC, the time will come when the ANC will open processes. When that time comes, we will engage fully and decisively. For now, those who are running ahead must look back; they will realise that they are just walking alone." timeslive.co.za/politics/2026-…
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married man
married man@tardrippi·
ndenzwa ikaka
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Africa Today Media Group
Africa Today Media Group@africatodayMG·
Lesotho 🇱🇸 wants to renegotiate its water deal with South Africa 🇿🇦 . Through the Lesotho Highlands Water Project, water flows from Lesotho to Gauteng, including Johannesburg. Right now, Lesotho earns about $200 million a year, around 10% of its economy. But the deal was signed in 1986, and Lesotho says it’s outdated. They now want higher royalties and better compensation. Talks are expected to begin in April 2026.
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SABC News
SABC News@SABCNews·
DEVELOPING | ANC Eastern Cape provincial secretary Lulama Ngcukayitobi says the circulating letter claiming that he has resigned is fake, adding that he is happy to be in the ANC.
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Jvnior
Jvnior@Jvnior·
Hezbollah just sent these IDF soldiers to Hell. Lebanon is a death trap for all Israelis.
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Aidan Simardone
Aidan Simardone@AidanSimardone·
Why is it always “Iran backed Houthis” and not “American backed Israel”?
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RKM
RKM@rkmtimes·
JUST IN🇱🇧❌🇮🇱🔥 Hezbollah ambushed multiple Israeli tanks and k!lled 15+ soldiers in a Lebanese farm lands.
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Lwandile
Lwandile@Linux_Argus·
@simsilwana Registration took place and the officials are on record saying they are forging ahead with the conference
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Lwandile
Lwandile@Linux_Argus·
@SABCNews Doc we are ready to be led by you 😭😭
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SABC News@SABCNews·
WATCH | ANC’s Dr Kgosientsho Ramokgopa, commenting on the Limpopo African National Congress conference, says it is the best approximation of a model ANC conference, crediting the previous PEC for its organisation and few disputes.
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EWN Reporter
EWN Reporter@ewnreporter·
[HAPPENING NOW] Eastern Cape High Court about to hear a contempt of court application against ANC for not abiding by an interdict barring it from proceeding with its provincial conference. Adv Ngcukayitobi and Adv Dali Mpofu representing three of the applicants. BN
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Mail & Guardian
Mail & Guardian@mailandguardian·
Patrice Motsepe leads the pack in new poll: If his camp put a serious campaign behind the numbers, no other ANC candidate would stand a chance, says the Social Research Foundation. mg.co.za/politics/2026-…
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