She was addressing a Business Forum led by Malaysian Prime Minister, Honourable Dato Seri Anwar Ibrahim which hosted business representatives from both countries, who came together to explore investment in both countries at the Sandton Hotel.

Abrahams highlighted the latest trade statistics which indicate there has been a steady growth between the two counties.

“In 2024, South Africa’s exports to Malaysia reached approximately US$ 715.8 million, while Malaysia’s exports to South Africa stood at around US$ 838.9 million. Today, our bilateral trade stands at an estimated US$ 1.7 billion. These figures show steady growth but they also remind us that we are only at the beginning of what this partnership can truly become.especially for MSMEs. Collaboration in fintech, e-commerce, digital supply chains and innovation ecosystems is not just possible, it is timely and necessary,” she noted.

As world leaders meet the G20 Leaders’ Summit at Nasrec with the climate change being one of the key issues to be tackled, she added that Malaysia’s leadership in renewable energy technologies and efficiency solutions complements South Africa’s ambitions to expand the green economy and diversify its energy mix.

She encouraged Malaysian partners to take full advantage of these efforts and the enormous opportunities available as South Africa continues to implement reforms to improve the investment environment, streamline regulation and expand special economic zones.

“By bringing together South Africa’s industrial capabilities and regional reach with Malaysia’s technological strength and strategic location, we can co-create an economic future that is greener, more dynamic and more inclusive. Malaysia’s strengths in advanced manufacturing align closely with South Africa’s industrial policy objectives, including export diversification and beneficiation. We see significant room to deepen supply chain linkages, establish joint ventures and enhance local production capacities,” she said.

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The issue erupted on social media when an individual who previously had a personal relationship with Olubi shared a detailed post accusing him of inappropriate behaviour. The post quickly drew public attention, with many users revisiting old tweets Olubi wrote years ago—tweets that contained sexually suggestive remarks, including comments made about colleagues and minors. These resurfaced posts sparked widespread criticism and a renewed conversation about accountability and how past online behaviour can resurface unexpectedly.

As reactions intensified, Olubi deactivated his X account. Meanwhile, the company confirmed that it had launched a formal investigation into the matter.

In a brief statement, Paystack said it was taking the allegations seriously and had immediately suspended Olubi from all official duties while the probe continues. The company added that it would not comment further until the investigation is completed, emphasising the need to respect everyone involved and maintain the integrity of the process.

Ezra Olubi co-founded Paystack in 2015 alongside Shola Akinlade. The fintech company quickly became one of Nigeria’s major payment platforms, later expanding across Africa. It was the first Nigerian startup accepted into Y Combinator, and in 2020 it was acquired by global payments company Stripe in a landmark deal worth over $200 million.

Olubi played a major role in building the technical foundation that powered Paystack’s rapid growth, serving thousands of businesses across the continent. Now, as the investigation unfolds, the future of his involvement in the company remains uncertain.

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