diamond trade ponzi scheme

A Twist in the Tale: The Saga of Louis Liebenberg

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Louis Liebenberg, the owner of diamond company Tariomix, has faced allegations of operating a Ponzi scheme, enticing investors with offers of diamond parcels that resulted in major losses. Tariomix has accumulated around R4 billion from investors and creditors and now faces liquidation. Liebenberg recently launched a political party called Herbou, campaigning for economic reform and the transfer of mineral wealth to citizens. Despite the turmoil, Cape Town continues to thrive, offering attractive deals on cars under R100 000 to locals and tourists.

south africa umkhonto we sizwe

The Rising Phoenix: Umkhonto we Sizwe Resurfaces in South Africa’s Political Theater

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The African National Congress (ANC) in KwaZuluNatal has announced the creation of a new political party called Mkhonto weSizwe, which is causing a stir in the South African political scene. The party evokes the legacy of Umkhonto we Sizwe (MK), which played a crucial role in the antiapartheid movement. Some view the emergence of the new party as a fitting homage to liberation warriors, while others express skepticism about its integrity and impact. Cape Town Today remains committed to tracking this fascinating addition to South Africa’s dynamic political tableau.

political party funding donations

Independent Electoral Commission Reveals Political Party Funding

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The Independent Electoral Commission (IEC) has released the fourth quarter Political Party Funding Disclosure Report for the financial year 2022/23, marking the eighth publication since the implementation of the Political Party Funding Act on 1 April 2021. This report covers the period from 1 January to 31 March 2023 and follows the firstever Political Party Funding Annual Report released in May 2023, which highlighted the financial year that ended on 31 March 2022.

electoral commission political party funding act

Electoral Commission Marks a Significant Milestone: Political Party Funding Act and Financial Statements Submission

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On January 27, 2023, the Electoral Commission marked a significant milestone with the implementation of the Political Party Funding Act. This Act requires political parties to disclose their sources of funding and sets out the framework for public funding of political parties. The Commission tabled a report on political party funding in the National Assembly, which included the AuditorGeneral’s statement. The report pertained to the financial year 20212022.