The South African developers are meanwhile not only waiting for their money, but they made millions of rands available to Katota to help it obtain financing. They are probably in danger of losing everything.

Katota is a complete program involving many companies that has not asked for any funds from any Developer to help obtain finance. As far as the Katota Program is concerned, RSA developers paid a part of assessment fees for the assessment of projects supplied that formed part of phase 1 program. Assessment was done as was required in terms of the exclusive loan provision agreement. The directors of the company that was supposed to supply the loan funds were maliciously detained in Mauritius on false allegations. At the time the assessment was being done the Katota Program had already been structured and how the phase 1 was going to be funded, was also already structured and the loan agreement was already agreed. This negative publicity by rapport is ill informed and incorrect.