Reserve Bank says Sexwale must provide proof

File: Businessman and ANC veteran Tokyo Sexwale.

PRETORIA - National Treasury and the South African Reserve Bank say ANC veteran, Tokyo Sexwale's, allegations about billions of rand donated for higher education debt relief being stolen are unfounded and are a common scam.

Sexwale made the allegations on eNCA's Power to Truth with JJ Tabane on Sunday night.

READ: Sexwale: Money for the poor stolen

He says he's raised billions of rand with an unnamed donor, but when he wanted to access the money raised, it simply wasn't there but the Reserve Bank says its investigation found no evidence of any so-called Heritage Fund held at any bank.

The Bank says the allegations are a common scam used many times before by prominent individuals.

It further says that if Sexwale maintains the fund exists, it's up to him to provide the evidence.


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