Sandile Shezi: Everything to know about SA’s youngest millionaire
SA’s self-proclaimed youngest millionaire and Bitcoin trader - Sandile Shezi - is in the news for fraud. Here's everything to know about him.
As The South African reported last week, Sandile Shezi was granted bail after he was charged for allegedly defrauding a former business partner of R500 000.
While his riches are known on social media, how much is established about his life?
WHO IS SANDILE SHEZI?
The 30-year-old was born in Durban before growing up in the famed Umlazi township. It was where his budding passion for business was first brought to life when began selling muffins and second hand clothes.
The son of two school teachers, Shezi attended high school at the George Campbell Institute of Technology before later pursuing higher education at the Durban University of Technology in Civil Engineering. He switched his study programme to Public Relations and Applied Communications before dropping out in his fourth year to seek his fortunes.
GETTING INTO FOREX TRADING
Soon after dumping his academics, Sandile Shezi was determined to learn all about forex trading. He immediately committed to online investments with his own money.
Around the age of 23, the Durbanite partnered with his long-time mentor George Van der Riet. An experienced master with 15 years in the trading game, Van der Riet and Shezi formed the Global Forex Institute to train South Africans on trading.
This move soon helped Sandile Shezi to find his riches as Mzansi’s youngest millionaire.
FACING FRAUD ALLEGATIONS
As reported by The South African, Shezi handed himself to Sandton police after he was announced as a wanted suspect for a R500 000 fraud case.
The 30-year-old is accused of defrauding a former business partner. Allan Ledwaba. “Today is not the right time for me to lay bare my entire story and how I suffered at the hands of a man I trusted as the matter has just gone to court,” Ledwaba said.
Worryingly for Sandile Shezi, two additional alleged victims from Limpopo also claim to have been defrauded. A school principal says Shezi owes him R1.2 million, while another former school headmaster claims to have invested a total of R1.3 million in Shezi’s business ventures. The victim claims to have used his pension money to forward payments of R100 000, R200 000, and R1 million between 2018 and 2019.