November 2nd, 2017
MEDIA24 proclaims itself to be the largest media organization in South Africa.
One would then expect from MEDIA24 to set an example to the South African press in terms of good corporate governance practices as well as adhering to all requirements of the SA Press Council.
R1.5 BILLION GABM SOUTH AFRICAN DROUGHT RELIEF PROJECT
233 members of Global Association of Billionaires and Millionaires (GABM) have responded to a request from South Africa to donate money to distressed farmers in South Africa suffering from the continued drought conditions in that part of the world.
An amount of R1.5 Billion were collected and it now appears the R1.5 Billion donation has since disappeared and none of South Africa’s farmers have received a dime from this donation.
REPUTATIONAL DAMAGE TO SOUTH AFRICA
Corporate South Africa and international corporate donors were initially skeptical about MEDIA24’s involvement in the fraud scheme, but are now realizing it is indeed true.
Moving forward, MEDIA24 should not expect the same level of support from the corporate and financial establishments as before.
The corporate and financial establishments are increasingly taking a strong position against fraud and corruption following the many recent scandals in South Africa, like that involving President Zuma; and the Gupta family; and SAP; and BellPottinger; and KPMG.
YOU ARE STRONGLY ADVISED TO ENSURE THE R1.5 BILLION IS RETURNED TO THE GABM DONORS!