Malema's party, EFF, gives Khanyi Dhlomo's company, Luminance, ultimatum
Published: 2013 July 30 13:03:41 (9257 Views)
It appears that the R34.1 million (US$3.5m) loan/investment given to Khanyi Dhlomo's company, Luminance, may haunt them for while.
Julius Malema's new party, EFF has not only commented but given Khanyi a 14 day ultimatum or face being reported to the Public Protector in South Africa.
EFF demand that the money be repaid with immediate effect and in a statement they said: "It has come to the attention of Economic Freedom Fighters that the National Empowerment Fund (NEF) has granted Khanyi Dhlomo R34 million to open an exclusive elite Boutique (shop) of overpriced clothes in Hydepark, Johannesburg.
"Like many South Africans, EFF hold Khanyi Dhlomo in high regard because until now, she had worked her way up and developed her Career without questionable money from government.
"The manner in which the R34 million was approved by the wife of Police Minister Nathi Mthethwa, who is the current Chief Executive Officer (CEO) of the NEF is questionable.
"How on earth can a National Empowerment Fund in a country that has deep rooted poverty, unemployment and inequalities prioritise luxury and conspicuous consumption driven Boutique at the expense of financing real developmental and entrepreneurship programmes.
"Khanyi Dlhomo and her partners in the luxury Boutique surely did not need R34 million to open the shop, which sells dresses for R100 000 per item.
"They can use their access to many opportunities to utilise private finance, and leave public money to be given to empower poor people.
"The NEF is also grossly irresponsible and inconsiderate to grant so much money for the opening of a shop for the elite while many people do not have access to opportunities.
"It has now defined itself as a National Enrichment, not Empowerment Fund."
Julius Malema, slammed the NEF's decision, saying: "It's unacceptable to finance the elite who are already swimming in riches, it's money down the drain when our people remain poor and disadvantaged. She should return the money immediately."
But on Friday, the NEF rejected claims of any conflict of interest.
"As a long-standing champion of black economic empowerment and the emancipation of women in South Africa, the CEO of the NEF, Ms Philisiwe Mthethwa, enjoys professional and social acquaintance with many other professionals, black and white, including entrepreneurs across many sectors of the economy. Ms Mthethwa is not a shareholder in Luminance or any of the businesses that have received funding from the NEF," read the statement.
In the statement, Mthethwa said she was "deeply saddened and taken aback by some of the questions that have been unduly raised regarding my integrity".
- JC
Julius Malema's new party, EFF has not only commented but given Khanyi a 14 day ultimatum or face being reported to the Public Protector in South Africa.
EFF demand that the money be repaid with immediate effect and in a statement they said: "It has come to the attention of Economic Freedom Fighters that the National Empowerment Fund (NEF) has granted Khanyi Dhlomo R34 million to open an exclusive elite Boutique (shop) of overpriced clothes in Hydepark, Johannesburg.
"Like many South Africans, EFF hold Khanyi Dhlomo in high regard because until now, she had worked her way up and developed her Career without questionable money from government.
"The manner in which the R34 million was approved by the wife of Police Minister Nathi Mthethwa, who is the current Chief Executive Officer (CEO) of the NEF is questionable.
"How on earth can a National Empowerment Fund in a country that has deep rooted poverty, unemployment and inequalities prioritise luxury and conspicuous consumption driven Boutique at the expense of financing real developmental and entrepreneurship programmes.
"Khanyi Dlhomo and her partners in the luxury Boutique surely did not need R34 million to open the shop, which sells dresses for R100 000 per item.
"They can use their access to many opportunities to utilise private finance, and leave public money to be given to empower poor people.
"The NEF is also grossly irresponsible and inconsiderate to grant so much money for the opening of a shop for the elite while many people do not have access to opportunities.
"It has now defined itself as a National Enrichment, not Empowerment Fund."
Julius Malema, slammed the NEF's decision, saying: "It's unacceptable to finance the elite who are already swimming in riches, it's money down the drain when our people remain poor and disadvantaged. She should return the money immediately."
But on Friday, the NEF rejected claims of any conflict of interest.
"As a long-standing champion of black economic empowerment and the emancipation of women in South Africa, the CEO of the NEF, Ms Philisiwe Mthethwa, enjoys professional and social acquaintance with many other professionals, black and white, including entrepreneurs across many sectors of the economy. Ms Mthethwa is not a shareholder in Luminance or any of the businesses that have received funding from the NEF," read the statement.
In the statement, Mthethwa said she was "deeply saddened and taken aback by some of the questions that have been unduly raised regarding my integrity".
- JC
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