Finance

 

DA lays treason charge against Zuma, Gupta Inc. and many more !!

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The Democratic Alliance has laid charges against Jacob Zuma, three Gupta brothers and eight others of treason, racketeering and corruption. DA leader Mmusi Maimane said on Tuesday that the party has accused those allegedly implicated in state capture of violating the Prevention of Combatting of Corrupt Activities Act and the Prevention of Organised Crime Act…
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New Arms Deal allegations – Zuma just want to enrich himself !!

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Jacob Zuma allegedly received hundreds of thousands of rand, as well as expensive gifts from the Thales Group, as part of a 1997 arms deal, according to court papers. The new High Court filing – containing an affidavit from Ajay Sooklal, a lawyer in Pretoria – has been submitted. Sooklal claims he was a confidant..
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Banks slapped with fines for weak anti-money laundering controls.

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Several local and international banks have been slapped with administrative fines by the South African Reserve Bank, for weak anti-money laundering and combating of financing terrorism controls. The banks include: Investec, Absa, Standard Chartered, as well as Habib Overseas Bank. Overall, banks were fined a total of R46.5-million. Absa was fined R10-million for weaknesses related..
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12 000 ‘dead people’ doing business with SA government – Treasury

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It has also identified about 14,000 state employees who are listed as directors of companies that have been awarded state contracts in violation of regulations. South Africa’s National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. This is among the outcomes of a clean-up of..
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Breaking News: Over 12 000 “Zombie Entrepreneurs” are doing business with the SA government

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It reads like the start of a joke, but we’re afraid this one’s no laughing matter. National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. A report by the Sunday Times has revealed that there are around 12 000 people on the South African government’s..
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Just a question – Should the broadcasting Act be amended ??

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The South African Broadcasting Corporation’s recent proposal to amend the Broadcasting Act (1999) is, in principle, correct. But the manner in which the SABC wants the Act changed is helpful to the SABC and to marketing its case to the public. The Act, specifically the regulations regarding television licence fees, prescribes payment of a fee..
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State Capture – What’s Left? Oh, Total Control Of South Africa’s Capital!

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The loose propagandistic terms ‘White Monopoly Capital’ and ‘Radical Economic Transformation’ are about the ownership and control of both public and private capital by a politically-connected elite. That’s the conclusion two top University of Cape Town business and finance academics come to in this analysis. The ultimate outcome will be a centrally controlled patronage network, they say…
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It is OK to abuse tax money as long as you beat a ‘deadline’ when a new law comes into effect

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Public officials who abused taxpayers’ money to get themselves government tenders amounting to R48 million are legally off the hook. More than 200 state employees, who were reported to management for dodgy dealings, couldn’t be touched because a new law hadn’t come into effect yet. And government can’t do anything about it, according to Eugene..
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WEF ditched democratic, inclusive pretences by facilitating new G20 privatisation.

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Durban’s World Economic Forum (WEF) Africa conference hosted some of the world’s most controversial politicians last week: not just Jacob Zuma and Malusi Gigaba, Robert Mugabe, Yoweri Museveni, King Mswati and Edgar Lungu, but also the most powerful man in Europe, German finance minister Wolfgang Schäuble. At a lecture on Thursday at the University of..
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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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