OPEN LETTER TO THE SOUTH AFRICAN GOVERNMENT AND FORMER FINANCE MINISTER, TREVOR MANUEL


INTRODUCTION

Mr. Manual, we have met a few years ago with your official New York visit to meet with US corporate investors to encourage long term investments in the “investment friendly” South Africa.
Our investment group was one of the very few that reacted positively to your government’s invitation at that time, and subsequent to our meaningful discussion we have immediately embarked on a journey to establish good business relations with top executives and corporations all over the African Continent.
IBDF INTERNATIONAL LLC
IBDF International LLC dba the Paulsmeier Inc Group has since our discussion invested in excess of $2 billion in business ventures in Africa, of which about $500 million was allocated to South African projects. We have continued our group’s new African investment expansion program with the establishment of a $20 billion fund in early 2016.
The focus of our fund, as you are aware, was to invest in infrastructure, business and entrepreneurial development opportunities in Africa, but more particularly in South Africa for the reasons presented to us.
We have equally established a corporate infrastructure in South Africa under our IBDF Africa brand name, which consisted of one public and three private limited companies.
We were regrettably ‘forced’ to terminated our African expansion program following a dirty tricks campaign against our group, which directly resulted in enormous financial losses and reputational damage to the IBDF brand name.
We therefore wish to advise you that substantial lawsuits will be filed against Media24; and AGRI SA; and TLU SA over this particular matter, as these parties have not taken any remedial action to correct their wrongdoing against IBDF and some of our corporate divisions.
R1.5 BILLION GABM SOUTH AFRICAN DROUGHT RELIEF PROJECT
233 members of our philanthropic division, Global Association of Billionaires and Millionaires (GABM) have equally 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 entrusted to TLU SA, one of the leading agricultural unions in South Africa.
It is our understanding that the R1.5 Billion donation has since disappeared and none of South Africa’s farmers have received a dime from this donation.
This particular aspect is the primary motivation behind this letter to you as we regard this matter as extremely serious. Mr. Manual, we would like you and the South African Government to intervene in this matter with the purpose of returning the R1.5 Billion to the GABM donors without delay.
REPUTATIONAL DAMAGE TO SOUTH AFRICA
Investors and corporate donors from all over the world are taking notice of this matter and are following the developments closely.
If not resolved soon, the R1.5 Billion GABM South African Drought Relief Project affair will escalate into a much bigger scandal than that of the SAP, BellPottinger and KPMG matters, which South Africa don’t need I am sure.
Please give us your support and let us resolve this matter speedily.
Thank you for taking the time in reading this letter.
Yours sincerely
David Allen
Vice-President: IBDF International LLC dba the Paulsmeier Inc Group  

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