A masquerader: Republic of South Africa

I heard on a talk show on the internet that there was a corporation registered in the New York Securities Exchange called the Republic of South Africa. I was making a sandwich at the time, and thought, “Oh kak, this can’t be.”

I forgot about it but then the next day, because I thought this may be a risk to our country’s security, I sent a polite e mail to the Treasury Department to ask them if this was true. Their fist response to me was that I should identify myself – was I a journalist? This kind of puzzled me. My response to them was, wouldn’t they want to know if there was a corporation out there masquerading as the Republic of South Africa. No response.

So I went onto the internet, and sure enough there was indeed a company registered on the NY Securities Exchange called the REPUBLIC OF SOUTH AFRICA. There are also listings linked to this and so I clicked on one of them and behold, up popped a power of attorney that was a power of attorney given to 3 senior officials at the Treasury Department.

At first I was startled, then confused, and then suspicious. Why would the Treasury Department try to hide the fact that there was an entity, indeed a corporation, called Republic of South Africa, out there? I have never heard of this before, have you?

At first I relented to my compliance, and thought, there must be good reason that Republic of South Africa was something that was necessary, say to open bank accounts and pay salaries to diplomats etc.

But then I thought, “Why is this so secretive?” Why could the Treasury not just tell me why there was a corporation registered for banking and other purposes?

One of the things I have learnt over the years is that silence is consent. So what is the Treasury giving consent to?

What if the Republic of South Africa is not owned by the government of South Africa? It is a corporation. Who are the shareholders? What are it’s assets, but more importantly what are its liabilities? Why is there no disclosure in our national accounts?

I would like to know. Wouldn't you?

Say, for instance, the Republic of South Africa is entering into contracts that you and I are not aware of and are external to normal governmental practices, and are therefore a danger to our country’s security. What if they are engaging in nefarious practices?

We ought, and deserve to know.

We live in a world where facts and fiction get blurred
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