Alec Hogg: All hail the Free State activist who stalked Magashule since 1994

I first came across the name of Elias 'Ace' Magashule in 2012 when JSE-listed Sanyati Construction went bankrupt over delayed Free State provincial government payments. It revolved around the stalled roadworks linking Harrismith and the Northern Drakensberg, a scenic drive past Sterkfontein Dam that was subsequently impassable for some years. Insiders say losses sustained by hundreds of Sanyati investors – and hard hit local resorts – was directly linked to a crude Magashule enrichment scheme..Also read: Alec Hogg: Mr Market hot and happy over Pfizer vaccine breakthrough.During a fascinating interview yesterday it was claimed that by the time of Sanyati's demise, long-time Free State premier Magashule was already very well practiced at his dark art of channelling public resources and punishing those refusing to co-operate. Leona Kleynhans (above), a DA member of the Free State legislature whose persistence is about to nail the former provincial overlord, told me she has been watching Magashule's antics for more than a quarter century..Kleynhans is from Harrismith so lives in close proximity to the desperate situation in poverty-stricken Qwa Qwa nearby. And says she was horrified when soon after the 1994 election, Magashule appointed cronies at the former homeland's development corporation – then plundered its resources to oblivion within five years. She says the ANC kingpin's misdeeds have simply grown since then..___STEADY_PAYWALL___.Also read: Alec Hogg: Corporate SA is reaping its ANC cadre deployment sowing.After serving as a local councillor, this unlikely heroine inherited the official opposition's Human Settlements portfolio when elected onto the provincial legislature in 2014. A year later she began a five year journey that resulted in a warrant being issued for Magashule's arrest over a R255m housing audit that Kleynhans reckons was simply a front for fund extraction. Quite a journey. But one with a rather satisfying conclusion. The bigger they are, the harder they fall..For your attention today….WEBINAR ALERT….* Join me at noon today for a special webinar focusing on how to get a US Green Card with Matt Hogan of CMB Regional Centers, which for over 20 years has been securing EB-5 visas for people wanting to relocated to America. Click here to register: https://attendee.gotowebinar.com/register/2883703850607113232.* In tomorrow's Thursday Noontime webinar, Tim Modise has a special show planned for us when he hosts iconic SA business leaders Dr Sam Motsuenyane and Prof Wiseman Nkuhlu. One not to miss. Click here to register: https://attendee.gotowebinar.com/register/1324111475714234383.FOR DOWNLOADING….* If you're interesting in understanding why so many Free Staters are celebrating yesterday's warrant being issued for the arrest of the province's former premier, have a listen to my fascinating interview with the unlikelty heroine whose persistence brought Magashule's downfall. Here's the link to the discussion with Leona Kleynhans: https://www.biznews.com/thought-leaders/2020/11/10/ace-magashule-2.* Monday's Rational Radio webinar with Capitec CEO Gerrie Fourie was a reminder of the incredible job last year's Businessman of the Year has done for shareholders: the Capitec share price is up six-fold since he took over in January 2014. You can watch the full webinar here: https://www.youtube.com/watch?v=SDFf5nNp5Qo&t=29s.DOWNLOAD THE FREE BIZNEWS.COM APPClick on the links below to download your own Biznews.com App:.Apple: https://apps.apple.com/za/app/biznews-com/id1517392839.Android: https://play.google.com/store/apps/details?id=com.goodbarber.biznews&hl=en

Alec Hogg: All hail the Free State activist who stalked Magashule since 1994

Related Stories

Meet Tshepo Mahloele – Big Capitec shareholder, ABSIP’s “CEO of the Decade” now accused by Holomisa as kingpin of corrupt network

PREMIUM: Making of a great editor – the George Palmer playbook

Premium – BizNews global portfolio: ASML joins – so does Adobe as Bull takes hold again

Alec Hogg: Helen Zille predicts SA choice will be DA or EFF