Tokyo Sexwale Doubles Down on Claims Billions Looted From Reserve Bank

Tokyo Sexwale Doubles Down on Claims Billions Looted From Reserve Bank

- Tokyo Sexwale has hit back at critics and doubled down on his claims that billions were looted from what he calls the 'Heritage Fund'

- He delivered a press briefing in which he revealed that a criminal case has been opened with the Hawks

- According to Sexwale, the fund was set up to help the people of South Africa but the National Treasury has denied that this fund ever existed

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ANC veteran Tokyo Sexwale has laid a complaint with the Hawks over his claims that billions of rand were looted from a special fund set up to improve the lives of South Africans.

According to Sexwale, the fund was created to support plans former president Jacob Zuma announced regarding infrastructure improvement and education projects in 2017.

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The businessman and ANC veteran also claimed that the money had been stolen from the Reserve Bank and distributed to 18 commercial banks within South Africa.

Tokyo Sexwale Doubles Down on Claims Billions Looted From Reserve Bank
Tokyo Sexwale maintains that billion were looted from a fund set up to help South Africans. Photo credit: GCIS/Flickr
Source: UGC

Sexwale allegedly made the existence of the fund known to the ANC in 2019. He now claims that those who stole the money are returning to South Africa under the guise of investors according to IOL.

A media briefing was streamed by eNCA in which he hit back at critics in which he doubled down on his claims.

When Briefly News contacted the National Treasury asking if they took Sexwale's claims seriously. They referred back to the statement they issued on social media.

The National Treasury said that they believe Sexwale's allegations point to a common scam and that there is not evidence that the account he refers to ever existed.

Social media users took to the internet to react to Sexwale's latest claims:

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"A shareholder of the Reserve Bank named Fanie attending Tokyo's media brief, confirmed that the funds exist, he also opened a case with the police. Our useless investigative journalists must do their jobs to get to the bottom of this."


"I am not gonna say I don't believe #TokyoSexwale but I also don't want to rubbish what he is saying cos I honestly don't know. Some of you were willing to accept rumours and innuendo from a minister who simply called on you to "connect the dots" and u did it without question ‍♀️"


"The media will not investigate what Tokyo Sexwale has said. Instead, they will rubbish it because it's implicating their blessers. And that will close the taps on their side!"

Earlier, Briefly News reported that South African politician Tokyo Sexwale has been dominating headlines and social media trends this week after he made some claims about an insane amount of money being stolen from the Heritage Fund.

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Tokyo Sexwale: National Treasury releases statement rubbishing Sexwale's claims

During a recent interview with a well-known media house, the anti-apartheid activist stated that billions of rands, which was meant to assist less fortunate students with free education amid the Covid-19 pandemic, was taken.

Sexwale claimed that he and another person was in charge of the Heritage Fund with a 'very powerful family'.

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