Unpaid R5.5m loan to ANC bigwig

Jack Bloom MPL

DA Gauteng Caucus Leader

ANC bigwig Dumisani Khoza got a R5.5 million loan from the Gauteng Enterprise Propeller (GEP), an agency falling under the Gauteng Economic Development Department, but has failed to pay back it for five years.

This is revealed in a written reply to my questions in the Gauteng Legislature.

According to the reply from the Department, a loan of R5 549 485 was given in March 2008 to Sifikile Card Technologies Pty Ltd, whose director is Dumisani Khoza. The loan was supposed to be paid back in 72 monthly instalments of R120 445, finishing in March 2015.

Khoza is the former treasurer of the Umkhonto weSizwe Military Veterans’ Association (MKMVA), where accusations were made that he looted their funds.

The first loan repayment was supposed to be in October 2008, but nothing has been paid of this loan and GEP is seeking to recover the money through its lawyers.

The GEP has wasted huge amounts of money with loans to people with political connections rather than real entrepreneurs who can create real jobs.

This unfortunate practice must stop. Loans should go to businesses that can hire people rather than political pals who don’t repay.