I’m one of more than 100 000 black people who invested into the so-called broad based black economic empowerment (BBBEE) initiative of Media24, a division of global media giant Naspers. At establishment in 2006, Naspers/Media24 made all sorts of promises in enticing us to invest into the Media24 BBBEE scheme called, Welkom Yizani. The key pillar of this scheme was a pledge by Naspers/Media24 to contribute into redressing apartheid injustices as suffered by black South Africans. This I believed was a powerful gesture from a company that was made out of the blood and sweat of black people. Naspers is very much a direct product of the white supremacist brotherhood, known as the Broederbond. Naspers has since expressed an intention to break away with its past by embracing the post 1994 non-racialism and committed itself to the redress agenda. The CEO of Naspers subsidiary Media24, Esmare Weideman, has apologised for the company’s role during the apartheid era. She has been quoted widely saying: “We acknowledge complicity in a morally indefensible political regime and the hurtful way in which this played out in our newsrooms and boardrooms”. Naspers/Media24 BBBEE pledge was received by multitudes within the context of a pledge by the company to contribute into fixing the wrongs of the apartheid past. But then the Welkom Yizani scheme has turned out to be another chapter of robbery against poor black people. The Welkom Yizani scheme is supposed to hold 15% economic interest in the print media business, Media24. Black people were invited to subscribe for tradeable units in Welkom Yizani for R10 per share in 2006. The Welkom Yizani share has been stuck at R10 per share which means investors in the scheme have lost money. Some investors have sold their shares at prices far below R10. This is not what we bargained for. I think we have been taken for a ride. What are our rights? Is there no basis for legal action to force Naspers into fulfilling a reparative promise?