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HAWKS CONFIRM HERITAGE FUND CASE! Kgomotso Medupe Tokyo Sexwale . (Photo by Gallo Images). The Directorate for Priority Crime Investigation has confirmed that a case of fraud alternatively theft was opened with regards to the so-called Heritage Fund as reported by the complainant. This came after, ANC Veteran and businessman Tokyo Sexwale revealed that funds from the Heritage Fund which he has been heading has been stolen. During a media briefing, this afternoon Sexwale told the media that he needed to bring more clarity on the Heritage Fund. He...

Charismatic African National Congress (ANC) veteran and businessman Mosima Gabriel “Tokyo” Sexwale was the talk of the nation over the last week after he appeared on television and claimed that he was privy to a Heritage Fund worth billions of rand that was stolen from. Minister of Finance Tito Mboweni and the South African Reserve Bank (SARB) were aware of the fund, according to Sexwale but the government quickly rubbished the claims, saying that the businessman had fallen victim to a “scam.” After Mboweni dismissed Sexwale’s claims, the ANC veteran was the butt of many jokes on so...

This was a press briefing for the ages – if you were able to follow a money trail that may or may not exist. Tokyo Sexwale came out all guns blazing on Thursday, diving deep into the mythical ‘Heritage Fund’. The public figure believes that the government is embezzling funds from the state coffers – but it could well be Mr. Sexwale who has been defrauded. Who scammed who? Tokyo Sexwale on the Heritage Fund The official line from SARB is that Sexwale fell victim to the very common ‘419 scam’ – Spokesperson Ziyanda Mtshali stated that the renowned businessman was duped by his part...