Herman Mashaba faces accusations of money laundering in podcast Interview with podcast and chill
In a recent interview on the popular podcast “Podcast and Chill,” ActionSA leader Herman Mashaba found himself in the hot seat as the host confronted him about allegations of money laundering. The focus of the discussion was Mashaba’s involvement in an “unauthorized” book called “The Outsider” and the hefty sum of R12.5 million he allegedly paid political analyst Prince Mashele to write it.
The Unauthorized book controversy
The host from podcast and chill wasted no time in addressing the controversy surrounding Herman Mashaba book, which was initially set to be published but was later pulled from the shelves. They questioned Mashaba about the inflated price he purportedly paid the author and the lack of transparency regarding its authorization.
Mashaba’s response
In response to the accusations, Mashaba defended himself by stating that he, as a shrewd capitalist, would not pay such a substantial amount of money without receiving commensurate value. He asserted that the notion of an inflated price was baseless and challenged the assumption that the book was unauthorized. Mashaba explained that Prince Mashele had approached him in October 2018 with an excellent proposal for a biography that would shed light on the history of South Africa, and he was proud of the end result.
The authorization controversy continues
Mashaba further clarified that the book, contrary to its initial label, would indeed be authorized and published as a biography by Prince Mashele. He revealed that their contract included provisions for Mashaba to provide a loan for the project, as Mashele had been unable to secure funding independently. Mashaba expressed his confusion and disappointment at Mashele’s decision to label the book unauthorized, emphasizing that he expected repayment of the loan as outlined in their agreement.
Setting the record straight
While Mashaba acknowledged that he had provided a loan of R12.5 million, he emphasized that the loan was not intended for personal gain but rather as an investment in the historical significance of the project. He dismissed claims of money laundering, noting that the contract and its terms were legally binding and transparent. Mashaba also pointed out that he had paid taxes on the money used for the loan and highlighted his long-standing commitment to contributing to the country’s development.
A firm belief in the book’s worth
Addressing concerns about the book’s potential profitability, Mashaba asserted that his primary goal was not financial gain but rather to contribute to the country’s history. He expressed confidence that the book would make a significant impact and attract readers, ensuring a successful recoupment of the loan amount.
Emphasizing personal and business integrity
Throughout the interview with podcast and chill, Mashaba stressed his independence and financial success as a self-made businessman. He urged listeners to recognize his accomplishments as a black entrepreneur who had overcome adversity and made his mark in the business world. Mashaba argued that his decisions, including the investment in the book, were driven by personal choice and his desire to contribute to society.
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The podcast interview shed light on the allegations surrounding Herman Mashaba’s involvement in the “unauthorized” book and the financial aspects of the project. While the accusations of money laundering were vehemently denied, the controversy surrounding the book’s authorization remains a point of contention. Mashaba’s staunch defense centered on his belief in the book’s worth and his commitment to investing in the country’s history.
