Posts tagged with 'Africa'

 

Jacob Zuma wages war on South Africa’s institutions

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The South African president wants to take over the country’s money printing presses… “An assault on the central bank is the latest stage in a descent into crony capitalism Jacob Zuma has tightened his grip on the finance ministry, the state prosecutor, the public protector and the tax authorities. All of them, to one degree..
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Pension funds in ANC crosshairs source of funding for state development

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The ANC has again set its sights on pensioners’ retirement money as a potential source of funding for state development. At the close of its policy conference this week the party said it would investigate the use of prescribed assets, one of the proposals to come out of its economic transformation deliberations. The proposal was..
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You whites will lose everything,’ Malema tells bankers

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Success is associated with whiteness, EFF leader Julius Malema said at a Rand Merchant Bank event yesterday. If white people can’t see this, and if they don’t help to solve the country’s problems, they will end up “with nothing”, he added. Malema, who was accompanied by EFF deputy president Floyd Shivambu, told the delegates that..
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF

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The Economic Freedom Fighters (EFF) says black-owned and led institutions in South Africa are known for their legacy of nepotism, corruption and kleptocracy. EFF made the assertion while it was celebrating the VSB Mutual Bank decision to shut the Gupta’s business accounts. Earlier this month, it emerged that the VSB Mutual Bank closed the accounts..
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Mugabe declared that Zimbabwe most developed country after SA at the World Economic Forum on Africa

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President Robert Mugabe has told the world that his country is the second most developed in Africa in comments that are likely to befuddle suffering Zimbabweans. The Zimbabwean leader is out in South Africa’s port city of Durban, venue for the World Economic Forum on Africa. Reports from the international convention say President Mugabe took..
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