Lawyer says Black Business Council knows where the missing millions are

The Black Business Council (BBC) on Tuesday confirmed the suspension of its president Danisa Baloyi after R5 million in donations went missing.

The money was a donation to the business organisation from the Airports Company South Africa (Acsa).

Black Business Council secretary-general George Sebulela says they do not know where the money is but it was certainly not received by the BBC.

Read: Black Business Council suspends its Head after R5 million gift goes missing

Acsa donated money that was supposed to be paid into the BBC's bank account but unfortunately we did not receive it.

George Sebulela, Black Business Council Secretary-General

What we know is that the money was diverted into an account that doesn't belong to the BBC.

George Sebulela, Black Business Council Secretary-General

Sebulela says BBC made a decision that the president be suspended pending an investigation on the matter but that doesn't mean that she is guilty.

The president of BBC is not guilty until proven otherwise.

George Sebulela, Black Business Council Secretary-General

The lawyer representing Danisa Baloyi, Lesley Ramulifho, says the BBC knows very well where the money is and he doesn't understand why they are going after his client.

He says there is an individual who was appointed by the BBC to handle their fundraising, Dominique Ntsele.

As it stands now my client denies any wrong doing and she is cooperating with the ongoing investigations.

Lesley Ramulifho, lawyer representing Danisa Baloyi

This is a simple thing. It is known where the money is so take the necessary legal route or an arbitration if necessary...

Lesley Ramulifho, lawyer representing Danisa Baloyi

To hear more on the missing millions, listen here:


This article first appeared on CapeTalk : Lawyer says Black Business Council knows where the missing millions are


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Black Business Council suspends its Head after R5 million gift goes missing

Black Business Council suspends its Head after R5 million gift goes missing

The Money Show’s Bruce Whitfield interviews BBC Secretary General George Sebulela.

'They find it difficult to work with black people' - George Sebulela (BBC)

'They find it difficult to work with black people' - George Sebulela (BBC)

The Black Business Council is quitting Business Unity South Africa, after 23 years of partnership and dialogue.

Banking Association of SA relieved that Fica Bill is finally signed into law

Banking Association of SA relieved that Fica Bill is finally signed into law

President Jacob Zuma on Saturday signed the Financial Intelligence Centre Amendment (FICA) bill into law, the presidency said.

Ramaphosa defining the issues on which he will run for ANC presidency - Munusamy

Ramaphosa defining the issues on which he will run for ANC presidency - Munusamy

Deputy President Cyril Ramaphosa has begun to set his main campaign targets in the leadership battle for the ANC's presidency.

Picking apart Ramaphosa's strong words on 'radical economic transformation'

Picking apart Ramaphosa's strong words on 'radical economic transformation'

Deputy President Cyril Ramaphosa told detractors of radical economic transformation to sit down. Karima Brown gives her analysis.

"Ramaphosa needs to start campaigning now (if he wants to win)"

"Ramaphosa needs to start campaigning now (if he wants to win)"

Prof Mcebisi Ndletyana says Deputy President Cyril Ramaphosa is running out of time for the ANC presidential campaign.

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?