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Former UCT vice-chancellor Professor Mamokgethi Phakeng used race to divide and bully staff at UCT, a report has found.
- Former UCT vice chancellor Mamokgethi Phakeng says she has signed an agreement with an online trader in Cyprus.
- In a slick online video, Phakeng praises Cyprus’ tax laws and regulatory environment.
- Last week, a report into governance at UCT said Phakeng claimed she was the only “real black person” in the university’s executive.
- For more financial news, go to the News24 Business front page.
Former UCT vice chancellor, Professor Mamokgethi Phakeng, appears to have shrugged off the release of a scathing report into her “divisive” leadership at one of SA’s top universities.
Less than a week after the report was released, Phakeng announced she had signed an agreement to work with a Cyprus-based brokerage to learn more about online scams and trading.
READ | The only ‘real black person’: How Phakeng used race to divide, abuse at UCT
Phakeng travelled to the island nation to conduct a three-part interview with the chief customer officer of Exness, an online trading platform. She described the company as an “industry titan”. The first part of her interview was published on her YouTube channel.
According to its website, Exness lets users trade stocks, currencies and commodities.
It offers a number of affiliate programmes that let people “earn a stable income by introducing clients to a global market leader”. The group claims to offer up to $1 850 (R35 000) for successfully referring a new client to it.
“I am hoping that through this relationship I will learn more about trading as you learn about trading,” said Phakeng in a social media post before the first part of her interview was released.
She added that since she left UCT, she had been inundated with offers to appear on her show. She chose Exness because of the company’s “ethical approach to trading”.
A slick video shows her seated in a studio in Cyprus interviewing Exness CCO Damian Bunce.
The video is overlaid with promotional images of Cyprus, as the ex-VC praises the country’s favourable tax laws and positive regulatory environment.
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