SA Money Daily | 'Nail her': Mandla Lamba threatens ex-employee, journalists as Sheriff gears up to auction assets

Not all of SA's social problems can be solved by using people's pensions, says Stanlib CEO

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, BUSINESS DEPUTY EDITOR 'Nail her': Mandla Lamba threatens ex-employee, journalists as Sheriff gears up to auction assets Mandla Lamba, the founder and CEO of electric vehicle group Agilitee, has launched an extraordinary verbal attack on a former employee who won an arbitration ruling against the company, saying members of his movement must "make her sleep less at night".     The threats against the former employee, as well as journalists, were issued in a 23-minute-long video that Lamba uploaded to his Facebook page, which has 33 000 followers.    "I want all the members of this movement, for this time around, to make sure you make her sleep less at night," said Lamba, wagging his finger at the screen. Lamba is the CEO, founder and co-director of Agilitee, a Gauteng-based electric vehicle and green tech company.    Earlier this year, he was named chairperson of the struggling Pembury Lifestyle Group (PLG), whose shares have been suspended from the JSE since 2020. He was asked to step down as PLG chair at the end of June.    His writeup on Agilitee's website states he is a "huge women advocate for transformation through bridging gender disparities".   Lamba rose to fame in 2010 by claiming to be South Africa's youngest billionaire with close ties to Cyril Ramaphosa. Ramaphosa denied any links to Lamba, calling the claims "mad". Read More Not all of SA's social problems can be solved by using people's pensions, says Stanlib CEO Stanlib's CEO Derrick Msibi says that in its quest to solve social issues, SA has to be clear when it's government and municipalities' job to invest in social infrastructure. 'Perfect storm': Tongaat fallout deals blow to Remgro-controlled RCL, adding to agricultural woes Selati-owner RCL Foods, which is majority-owned by Johann Rupert's Remgro, has flagged how Tongaat Hulett's collapse contributed to a nearly quarter of a billion rand hit to the group's sugar business. Inflation has 'turned the corner', says Kganyago South African Reserve Bank Governor Lesetja Kganyago said the fight to tame rising prices was delivering results and the central bank will stick to its task to get them under control. Cape Town startup farms black soldier flies as protein for pet food - and it's now exporting A Cape Town-based business provides black soldier flies as a source of protein for pet food and animal feed. Load shedding may have cut SA's growth by 3.2 percentage points South Africa's energy crisis may have reduced the nation's economic growth rate by as much as 3.2 percentage points last year and is likely to dampen output until at least early 2024, according to the central bank. Mining companies eye the last unspoilt strip of the Western Cape's west coast SRK Mining wants to prospect for diamonds and Nekwana Trading Enterprise wants to prospect for heavy minerals, kaolin and gemstones. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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