Tshepang_

@tumeloditle @Artii_M Bosso ya dibosso Last number ya kasi Hape ha re bona wena ra khothala Lepara la mapara Ntja game 👀

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.

@Miz_Ruraltarain He operates Legacy on the Dam in Harties not the burnt down Bubbles, Bubbles was owned by a younger guy who was on the same Cutting Edge episode that detailed racism around the Dam economy as Ngoato

Advocate Ngoato seems very "dodgy." I don’t know how many clubs he owns, but his place in Harties is called Bubbles Champagne Garden. He seems very well-connected in the ANC; he even owns an entire suburb near the Hartbeespoort Dam. That is a massive amount of money. 💀 Since the ANC runs Harties, it's interesting that he complained so much about the municipality being racist. The ANC gave out government land. That land is where the nightclub is on. #MadlangaCommission #ProtectGeneralMkhwanazi #ADHOCcommitee

The translation skills in the past 5 days have been poor , the commissioners have had to assist the translators so many times with their translations #MadlangaCommission

Sgt Nkosi is two water bottles away from breaking the record set by Julius Mkhwanazi 🤣 #MadlangaCommission

One thing about Charskalson is that he will give you a rope to hang yourself 🤔 #MadlangaCommission

@nasiphim @CityTshwane Riley Auctionners says All these cars are scrapped on the Natis system and none have keys , seems as if you are disposing assets that should in any case not pass through a TMPD Roadblock

Some of the vehicles that need a new home and will be placed on auction tomorrow. @CityTshwane

City of Tshwane fleet vehicles that are going to be auctioned off tomorrow. We are generating revenue so we can fund the purchase of additional vehicles for our service delivery departments.@CityTshwane

@KgadiyaLeshaban Buy those things and report anyone who laughs to HR 👀🤔

They are beautiful but my Colleagues are not matured enough 🤨

@HeirOfZion I hear it’s all over TV , I’m also trying to find it 👀🤔

There was an altercation at the Madlanga Commission?!

@MuloiwaThendo @kuanele_ Huur gaat voor koop principle

@kuanele_ Yep, they give like 3 months notice. But it depends on the new owner. If he's buying for investment, he could want a tenanted property.

Hi Mayor , is the date for the auction still set for this coming Saturday or will official communication be given? Any idea who will be the auctioneer?

@AfricanComNotes @Tina_Hokwana It’s not a deceased estate , you can be sequestrated even when alive 👀

@Tina_Hokwana Probably knew he was dying hence the recklessness.

This chap exceeded his authorised R150 000 credit limit with Investec Bank due to an internal system error. As a result, on the evening of 5 February 2025, Investec made an error of successfully processing all its client tokenised transactions regardless of whether the client has a sufficient balance or has a limit on their account.

@LookUs_JNR Ran straight and I will continue to for the next two years 😅

Nothing will make you question your decision like this sign

@nasiphim That SAP system is a nightmare mayor, no backtracking, no option to upload documents, you have to input the same information more than once, some fields have limited options,

What has been your experience with the new portal? I will give feedback to the ICT team 🙏

The owner of that vehicle is a Tsonga person from Limpopo or Mpumalanga, ebile i don't even need to prove it🤷‍♂️🤷‍♂️🤷‍♂️🤔🤔🤔

@nasiphim @CityTshwane Will they be on auction together with maratha a mmaspala ka February mmeiyara? 👀🤔

These advertisement boards, that are often littered across the city, are illegal. The Tshwane Metro Police Department has confiscated several of these boards because they violate our municipal by-laws. @CityTshwane

@LizoL12 Understandable for someone expected to run the school without the Transnet sponsorship

So Chippa Mpengesi bought School Of Excellence which was a no fee school now he's charging the parents ridiculous amounts..Where are we going as a country..

@thabz_mogale @Lwanda_ Madibeng is collecting from the estate and not paying Tshwane

@Lwanda_ You'll find that estate collects levies Fr residents, they're just not forwarding them. It's quite common

"Soweto has uncapped electricity" meanwhile it's MyS*l and them not paying levies 😭

Senegal 🎊🥳🎉🎊🥳🎉

Senegal just walked off 🙆🏿‍♂️

Man has won two trebles but needs to prove he can beat Brighton and West Ham so that Neville and Keane will approve his appointment.