Presidential hopeful Nkosazana Dlamini-Zuma’s backers have labelled reported links between her and alleged illicit flows of funds by the Gupta family as a “clear” attempt to block her from ascending to the party’s top post. Dlamini-Zuma was flagged, along with 27 other people, as individuals that UK financial institutions should review as possibly being involved..
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Nkosazana Dlamini-Zuma ‘links’ to illicit Gupta cash flows an attempt to block her presidency
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We are stuck with Zuma: Thousands march against state capture, corruption
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Workers across the country downed tools, marched to key points in various cities, and demanded an end to corruption and state capture. All nine provinces in the country engaged in the protected strike action today, which saw thousands of Cosatu supporters stream into public spaces, with many carrying placards with the recurring theme: [Jacob] Zuma..
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Johan Rupert: “Radical economic transformation is just a code word for theft”
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South Africa’s richest man Johann Rupert said “radical economic transformation,” the policy championed by the country’s President Jacob Zuma to reduce racial inequality, is no more than theft. “Radical economic transformation is just a code word for theft,” Rupert said on the sidelines of Richemont’s annual general meeting in Geneva on Wednesday. “That’s what’s happening..
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Zuma won’t let Public Protector dictate to him on #StateCapture inquiry
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Pretoria – Jacob Zuma will not be dictated to by the Public Protector, or any other State functionary, the High Court in Pretoria heard on Tuesday. “One of the points we raise is that the remedial action [prescribed by former Public Protector Thuli Madonsela] is telling the president [Zuma] that he has no discretion on..
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Suspended Eskom CFO faces charges of corruption
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Charges of corruption and financial misconduct have been laid against Eskom’s suspended chief financial officer‚ Anoj Singh. The Organisation Undoing Tax Abuse laid the charges on Tuesday morning at the Randburg police station. The charges come after Eskom on Monday admitted to lying about payments which benefited the embattled Gupta family through the Trillian business..
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Guptas get bailed out of another SA business after Swiss Company is investing R2,97b
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Oakbay flogging Tegeta for amazingly quick profit of nearly R800million. A United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family’s Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and Exploration will be sold by Oakbay Investments,..
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Energy fund faces ruin if state mining company moves to Zwane’s department.
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The Central Energy Fund (CEF) faces financial ruin when Energy Minister Mmamoloko Kubayi hands the state’s mining company, African Exploration Mining and Finance Corporation, to the department of mineral resources. This will take place in the few months left of this financial year. Sources in the department have told the Mail & Guardian it will..
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Gupta owned companies New Age and ANN7 sold to Mzwanele Manyi for R450m
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A company owned by Mzwanele Manyi has forked out R450-million to buy The New Age (TNA) Media and ANN7 from Gupta-owned firm Oakbay. Oakbay announced the sale of its newspaper and TV channel on Monday, saying the agreement with the company Lodidox would conclude over the “next few weeks”. “We are delighted to have reached..
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Zuma’s plan to “get rich quick” on SA’s new set-top boxes and digital migration: report
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Following a spate of emails tying the Gupta family and president Jacob Zuma to state capture, more allegations have emerged implicating the president and members of his family in a bid to use their access to the state to enrich themselves. This time, a senior ANC official has submitted a sworn affidavit to Parliament accusing..
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Current climate at SARS is one of fear and loathing
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SARS spokesman Luther Lebelo went on Radio 702 on Friday to rubbish media reports and clear up perceptions over SARS and its Commissioner‚ Tom Moyane. Lebelo‚ who becomes increasingly agitated as the interview with Stephen Grootes progresses‚ was vehement in defending Moyane over a trip to Dubai in December 2015 and also speaks about the..
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Atul Gupta: ‘I’m Proudly South African’-and blames monopoly capital for what he calls the smearing of his family name
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Atul Gupta says he’s a proud South African and never wants to leave the country and blames monopoly capital for what he calls the smearing of his family name. In the latest recording from an interview with the BBC’s Radio Four, Gupta defends the family’s businesses, refuting allegations of state capture. He also denies ever..
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Gupta-linked finance chief of Eskom Anoj Singh- suspended
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State-owned power utility Eskom has suspended its chief financial officer Anoj Singh on a precautionary basis‚ pending the outcome of a forensic investigation. The suspension‚ The Times has learned‚ follows an urgent intervention by Finance Minister Malusi Gigaba and his counterpart at Public Enterprises Lynne Brown. This comes after Eskom was faced with a threat..
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Gupta company may be suspended from JSE – Finally the getting what they deserve!
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Gupta owned company is faced with possible suspension by the Johannesburg Stock Exchange after being dropped by both its transfer secretary and sponsor. Oakbay Resources and Energy Ltd. was informed that the JSE is considering halting trading in its shares and is considering various alternatives, the company said in a statement on Thursday. Both appointments..
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No room to hide: A President caught in the act – Six ways Zuma has betrayed us
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The report “No room to hide: A President caught in the act”‚ which was due to be handed to National Assembly Speaker Baleka Mbete on Wednesday by the civil society group Outa‚ ends by saying Jacob Zuma has breached his constitutional obligations and oath of office in six ways. He has paralysed the criminal justice..
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Nightmares have a name, and it’s called Eskom – electricity price hike submitted to National Treasury
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This madness has got to stop.For many South Africans, nightmare could become a five-letter word: Eskom. Even as in-and-out CEO Brian Molefe takes the power utility to court to challenge the decision to overturn his reappointment, Eskom is asking for eye-watering increases in electricity prices. Moneyweb has reported that Eskom wants its clients to pay..
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