Ramaphosa Jnr responds<\/em> below.<\/strong><\/li>\n<\/ul>\nEarlier, Ramaphosa Jnr went on the offensive when confronted on radio by an employee of a company that bought three tickets at R3 000 a pop.<\/p>\n
The day after the conference was due to begin, Jade-Lee Herman took on Ramaphosa Jnr in a heated interview on North West-based YOU fm.<\/p>\n
Herman accused him and the conference organisers of cancelling the event without any prior notice, and failing to provide refunds. She said that the organisers continued advertising the event on social media and accepting payments up until the last minute.<\/p>\n
Ramaphosa Jnr responded, saying that \u201cnone of the people that have bought tickets have asked to be reimbursed; I\u2019ve spoken to all of them personally; I\u2019ve been doing so for the past four days, and we\u2019ve given them complimentary tickets in addition to what they bought\u2026 Why have they not taken the money back \u2013 because they have confidence in what we\u2019re doing.\u201d<\/p>\n
He then hit out angrily, accusing her of not only \u201cmaking false accusations\u201d but of being \u201cfalse\u201d, much to the shock of one presenter, who exclaimed: \u201cWow Tumelo, you didn\u2019t have to take it that far!\u201d<\/p>\n
Herman told amaBhungane that three of her colleagues pitched up at the venue on the day of the conference, only to be told that it had been cancelled.<\/p>\n
“I then went online\u00a0to see if there were any notices of it being postponed or anything, and there wasn’t. I called the venue and the venue confirmed that there wasn’t an event taking place.\u201d<\/p>\n
Herman said that she then began to suspected that the event was a sham; even that someone had been impersonating Ramaphosa Jnr.<\/p>\n
When she called Ramaphosa Jnr via WhatsApp at 10:42 on 3 December to ask for a refund, she said he hung up on her. According to Herman, she then texted him from another number and he responded, saying the event was postponed until April.<\/p>\n
He made no mention of a refund and asked if he could call back, but never did, said Herman. Her company subsequently asked Payfast, which handled online payments for the event, for a refund.<\/p>\n
Ramaphosa Jnr forwarded correspondence to amaBhungane in which he authorised the refund on December 6. Hermans confirmed her company received it on Tuesday.<\/p>\n
Payfast said in response to questions: \u201cTo date we have only received one refund request and this person has already been refunded.\u201d<\/p>\n
Blockchain of unfortunate events<\/h5>\n
The conference was organised by Ramaphosa Jnr\u2019s California-based StudEx Wildlife Fund. The conference\u2019s website is thin on information, but promises those who can afford to splurge R50 000 for a three-day ticket a \u201ctwo-day Safari stay\u201d, \u201celephant adventures\u201d, \u201crare species\u201d and non-descript \u201cafter hour sessions\u201d.<\/p>\n
![](\"http:\/\/amabhungane.org\/wp-content\/uploads\/2019\/12\/Screenshot-2019-12-12-at-09.17.52-e1576143365390.png\")
<\/p>\n
Cutting through the thin veneer of gloss, it did not take much scrutiny of the website to see that the whole event was chaotically thrown together.<\/p>\n
Very little effort seems to have gone into the site, which is a generic template, barely altered and shows pictures of unrelated TEDx talks.<\/p>\n
At first glance, the schedule, a dictionary of start-up buzzwords, offers a range of events to entice any eager tech entrepreneur \u2013 fireside chats about the future of banking and reinventing retail, panel discussions (most of them including Ramaphosa Jnr) on topics like digital tokens and new value creation, and a keynote address on the fourth industrial revolution.<\/p>\n
The list of speakers, which has been chopped and changed many times over the short life of the site, has included some big-name industry players, among them Minister of Communications Stella Ndabeni-Abrahams.<\/p>\n
The minister\u2019s spokesperson, however, said that Ndabeni-Abrahams turned down the invitation upon receiving it.<\/p>\n
\u201cMinister Stella Ndabeni-Abrahams was invited to be a speaker at the Unlocking Blockchain Africa event, however, apologised due to prior work commitments.\u201d<\/p>\n
That, however, did not stop the organisers from including her in the line-up.<\/p>\n
Another speaker, Colin Thakur, was surprised to learn that his name was on the list, as a representative of the Reserve Bank and BankSeta.\u00a0 \u00a0<\/span><\/p>\nThakur says he never agreed to be a speaker and is not even an employee at the Reserve Bank.<\/p>\n
\u201cI happened to give a lecture to the staff at the Reserve Bank, but that does not mean I work there.”<\/p>\n
“I\u2019m research chair in digitalisation for BankSeta \u2013 if I’m going to speak on their behalf the ethical and responsible thing to do would be for them to approach either BankSeta, my university or at the very least me beforehand, and that did not happen. This becomes even more necessary as this, as I understand, is a fee-paying conference.”<\/p>\n
It was a similar story with Candy Steyn of Edcon, who was supposed to be discussing \u201creinventing retail\u201d with the president\u2019s son.<\/p>\n
Steyn said that Ramphosa Jnr did mention the conference to her, and she expressed an interest in it, but it ended there.<\/p>\n
\u201cI was\u00a0never given anything to believe it was going to happen,\u201d said Steyn.<\/p>\n
It gets weirder. The photo accompanying Steyn\u2019s name is not of her, but of a Costa Rican woman whose Twitter biography describes her as a clean economy advocate, and who appears to have had nothing to do with the conference.<\/p>\n
Another speaker, who did not want to be named, said she knew nothing of the event and only realised that she was listed as a speaker when someone raised it with her after the event date.<\/p>\n
And yet another said that the organisers did invite him to speak, but he declined right away and said he did not have the time.<\/p>\n
He said he was first approached on 5 November, and on 7 November, less than a month until the conference, Ramphosa Jnr asked him to help sponsor the event, which he also declined to do.<\/p>\n
Some of the speakers have subsequently been removed from the site.<\/p>\n
Bitcoin bull<\/h5>\n
Ramaphosa Jnr seems unfazed by all of this. Defending himself and his company, StudEx, on air, he said: \u201cWe\u2019ve been in this space for a year and this is the third event that we\u2019re hosting in a year.\u201d<\/p>\n
Ramaphosa Jnr was involved in at least one other blockchain event that took place last year August in Sandton. World-famous singer Akon was supposed to be speaking, though there is no evidence that he ever pitched up.<\/p>\n
One listed speaker from that year told amaBhungane that he never went to the event and did not even know he was listed.<\/p>\n
![](\"http:\/\/amabhungane.org\/wp-content\/uploads\/2019\/12\/Screenshot-2019-12-12-at-09.18.10-e1576143671905.png\")
<\/p>\n
But at least one high-profile person was in the audience: Ramaphosa Jnr\u2019s supportive mother, Tshepo Motsepe.<\/p>\n
Ramaphosa Jnr tends to play down the leverage his family affords him \u2013 something he gets asked about frequently.<\/p>\n
Asked on YOU fm if he was \u201ca legitimate businessman\u201d or \u201chiding behind [his] surname\u201d, Ramaphosa Jnr responded to his stunned host with a burst of laughter. \u201cI think my surname needs to hide behind me,\u201d he added.<\/p>\n
In another radio interview, the presenter suggested that it would be easier for Ramaphosa Jnr to \u201cknock on doors\u201d since his father was announced president.\u00a0 \u00a0<\/span><\/p>\nRamaphosa Jnr\u2019s response: \u201cLook man, I\u2019ve been involved in this space even before all of this noise\u2026 Yes 2017 your family also got put on full blast on 18 December, but also at the same time my company also just became the best in the world. You know, so, when you\u2019re one of the top 20 companies in the world, for me that\u2019s a lot bigger than being just the president of a country, you know there\u2019s over 300 countries in the world.\u201d<\/p>\n
Ramaphosa Jnr\u2019s estimate of his own company may or may not be as off target as his geographical knowledge \u2013 he claims that StudEx is one of the world\u2019s top 20 cryptocurrency companies.<\/p>\n
But, aside from an interest in high-value livestock \u2013 a passion he shares with his father \u2013 it is hard to get a sense of what StudEx is all about.<\/p>\n
\u201cWhat we\u2019ve done is that, from the animals we breed we\u2019ve created copies of them,\u201d he told one interviewer.<\/p>\n
\u201cWe\u2019ve created essentially electronic copies that we can now sell, as copies of our animals. So, we tokenise the artificial copies and then we can replicate them from the real ones. So you could have a $12m buffalo and you could replicate it a hundred times but now sell it to other people, and now what they would do is that, with their essentially CryptoKitties, they would take their animals and they would reproduce with other people and they would breed.<\/p>\n
\u201cAnd this would all be using the Ethereum ERC-721 code, and every trade, every buy or whatever happens, it is based on cryptocurrency.\u201d<\/p>\n
He might have refined his elevator pitch since that interview. A 2018 article profiling Ramaphosa Jnr and StudEx put more simply: \u201cIn layman\u2019s terms, StudEx is digitising animals, which includes livestock, that can be traded, sold or bred. Each animal is essentially its own coin.\u201d<\/p>\n
The former St Stithians student\u2019s confidence \u2013 the sort you need to attempt to magic up a global tech conference overnight \u2013 may come from being a president\u2019s son.<\/p>\n
It may also have something to do with the cryptocurrency business, as a largely unregulated, fast-paced, frontier industry dominated by bullish young techpreneurs who are guided by the slogan of disruption and told they can innovate their way out of any problem.<\/p>\n
With his beard, bitcoin baseball cap, thick-rimmed spectacles and biceps, Tumelo Ramaphosa fits the mould of Silicon Valley hipster-bro perfectly.<\/p>\n
\nRamaphosa Jnr responds<\/h4>\n
Tumelo Ramaphosa said in an emailed reply on Thursday:<\/p>\n
\u201cFor purposes of setting the record straight, it is important to start by stating that the conference scheduled for the 3\/4 December has actually been postponed to a later date in May, due to unforeseen circumstances.<\/p>\n
\u201cThe conference was supposed to take place at Summer Place, as advertised however my business associates and I took the decision to postpone the event, when we experienced difficulties with the company that was hired to plan, market and co-ordinate the event.<\/p>\n
\u201cWe are currently engaged in legal action with the above-mentioned organiser, to recoup expenses spent organising the conference for the 3rd and 4th of December, as the company hired to organise the event, was unable to deliver on the agreed upon terms of engagement, and only communicated this fact to me and my associates a few days before the said conference.<\/p>\n
\u201cThe decision to postpone was not an easy one; however for purposes of hosting a quality conference we decided it was appropriate to fully investigate what went wrong with our former organisers.<\/p>\n
\u201cThe tickets that have already been purchased are still valid for purposes of the postponed conference, as communicated on the conference website and Facebook social media page.<\/p>\n
\u201cThis conference was planned to provide value to those in the retail space, by showing the applicability of Blockchain and Artificial Intelligence in that sector, as such our speakers for the conference were handpicked personally as leading experts in their respective fields.<\/p>\n
Investigative journalism takes time and money. Help us do more. Be an amaB Supporter<\/a>.<\/p>\n\u201cAs you are aware, this conference was not the first we have hosted, having successfully hosted two previous conferences in Johannesburg and Cape Town respectively. Where Charles Hoskinson was the keynote for the first Unlocking Blockchain Africa conference last year 2018. Ran Nue Nur, the crypto trader, was one of our key speakers as well.\u00a0It is however unfortunate that our decision to engage the services of an official event organiser, led to the situation we find ourselves in now, where the legitimacy of our work is now in question.<\/p>\n
\u201cWe have prioritised the proper organisation, of the subsequent postponed conference in order to provide those who have supported us with a quality event that has been marketed and organised as agreed\u2026<\/p>\n
\u201cWith regards to people personally contacting me, I would like to firmly state that I did not receive any phone call from any ticket buyers on the day, disgruntled or not. The only correspondence I have received was that involving a request for sponsorship.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The president\u2019s hipster son is the brain behind a much-hyped AI conference \u2013 but is it the tech mini-equivalent of the infamously flopped Fyre Festival?<\/p>\n","protected":false},"author":7,"featured_media":21629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[3,233,269],"class_list":["post-10326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-amabhungane","tag-cyril-ramaphosa","tag-tumelo-ramaphosa"],"acf":[],"_links":{"self":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/10326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/comments?post=10326"}],"version-history":[{"count":1,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/10326\/revisions"}],"predecessor-version":[{"id":30282,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/10326\/revisions\/30282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media\/21629"}],"wp:attachment":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media?parent=10326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/categories?post=10326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/tags?post=10326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}