SHOCKING FINTECH CASH GRAB EXPOSED: While ordinary South Africans struggle to survive, a shadowy network of FOREIGN BANKS is funneling HUNDREDS OF MILLIONS into a controversial digital lender, raising alarms about a NEW WAVE of financial colonization.
This is NOT a feel-good success story. Lula’s latest R340-million injection from Dutch state-backed FMO is a DANGEROUS GAMBLE, locking our vulnerable small businesses into a volatile, algorithm-driven debt system CONTROLLED from overseas. It’s a BAIT-AND-SWITCH: promising “inclusion” while potentially creating a generation of indentured entrepreneurs.
The company’s CEO, Trevor Gosling, boasts of “stable” rates, but insiders warn this massive foreign capital creates an UNSUSTAINABLE DEBT BUBBLE. Traditional banks are labeled “outdated,” but this so-called savior is a PREDATORY machine funded by faceless European institutions. This isn’t empowerment; it’s a HIGH-TECH TRAP.
Every rand “on-lent” deepens our economy’s DEPENDENCE on foreign masters. This “funding” is a TROJAN HORSE, stripping local financial sovereignty under the glossy veneer of “fintech innovation.” Where does the profit REALLY go? To Amsterdam, not Alexandra.
The grim truth is this: our economic future is being quietly auctioned to the highest foreign bidder, one algorithmically-approved loan at a time. Your local spaza shop’s survival may now depend on the whims of a Dutch development bank. Is this the “growth opportunity” we were promised?
Edited for Kayitsi.com
Author: Kayitsi.com
