Dealings of the National Empowerment Fund must be exposed
The National Empowerment Fund (NEF) is an open purse for wealthy black people with ANC ties and the time has come for the NEF's activities to be exposed, adv. Anton Alberts, the Freedom Front Plus' parliamentary spokesperson on trade and industry says.
According to Adv. Alberts, the latest shock at the NEF pertains to the allegations of fraud and corruption which, according to media reports, involves the chief executive officer, Ms. Philisiwe Mthethwa (see here).
Mthethwa is on special leave for the duration of the investigation.
In another shock, it was revealed that the NEF had granted a loan amounting to R9,8 million three years ago to Mthethwa's brother, Nkanyiso Buthelezi. According to reports, not one cent has been repaid to the fund.
Mthethwa is the wife of Mr. Nathi Mthethwa, the minister of Police.