Optimum Coal Mine workers have not been paid this month

JOHANNESBURG – Optimum Coal Mine workers said that they do not know how they are going to get by this weekend after their employer failed to pay them yesterday.

For the past two days, the employees have been demonstrating outside the mine in Mpumalanga demanding for their salaries to be paid.
Continue reading…

Enjoyed this post? Share it!

 
 

Hawks confirmed Ajay Gupta’s arrest warrant not linked to Estina Dairy

PRETORIA – The Hawks have confirmed that a warrant of arrest has been issued for Ajay Gupta but it’s not related to the Estina Dairy Farminvestigation.

The unit’s acting head Yolisa Matakata clarified this aspect related to the case which saw eight suspects appear in court in Bloemfontein a week ago.
Continue reading…

Enjoyed this post? Share it!

 
 

Department of Home Affairs on Thursday raided ANN7 studio’s

Johannesburg – The Department of Home Affairs on Thursday confirmed that a routine inspection was undertaken at TV station ANN7’s studios in Midrand.

Earlier on, it emerged that immigration officials had raided ANN7 offices and that officials were currently locked in a meeting with HR managers, who were checking permits.
Continue reading…

Enjoyed this post? Share it!

 
 

NPA opposes Atul Gupta’s AFU challenge

Johannesburg – The National Prosecuting Authority’s Asset Forfeiture Unit (AFU) has filed opposing papers in a court application Atul Gupta has lodged to have a preservation order against him set aside.

In an answering affidavit, which was filed in the Free State High Court in Bloemfontein on Wednesday, prosecuting authorities set out precisely why they say that R10m in Gupta’s personal bank account constituted the proceeds of corruption, fraud and money laundering.
Continue reading…

Enjoyed this post? Share it!

 
 

Zuma digs in heels ahead of SONA

President Jacob Zuma is adamant he will deliver his State of the Nation address (Sona) on Thursday, despite calls for him to step down.

The Mail & Guardian has reliably learned that Zuma told senior ANC leaders during a meeting at his official residence this week that he would reject any attempts to force him out as the country’s highest office before Sona.

“He [Zuma] has made it clear he would not accept any decision influenced by any ‘counter-revolutionaries’, including opposition parties. He said if it meant he should face impeachment and lose all his presidential benefits, he was prepared for that as a matter of principle,” said an ANC insider close to Zuma.
Continue reading…

Enjoyed this post? Share it!

 
 

It’s over. The damage must be fixed

At 6.57pm on December 18 2017 at the Nasrec convention hall in Johannesburg, Jacob Gedleyihlekisa Zuma ceased to be president of the ANC. The announcement that ANC deputy president Cyril Ramaphosa had won the election to succeed him put an end to his mind-numbingly disjointed ANC speeches, pockmarked with dissonance and a hip-swerving evasion of […]
Continue reading…

Enjoyed this post? Share it!

 
 

McKINSEY DOSSIER – Part 2: Contract To Pay McKinsey And Trillian R1.6-Bn ‘Invalid’

In Part 1, we detailed how global consultancy McKinsey lined up an R9.4-billion bonanza from Eskom with the help of Gupta-linked Trillian Capital Partners. We also showed how Eskom executives ignored warnings from their own legal team that the contract favoured McKinsey and did not comply with the law. In Part 2, we show how the flawed […]
Continue reading…

Enjoyed this post? Share it!

 
 

McKINSEY DOSSIER – Part 5: How Transnet Cash Stuffed Gupta Letterboxes

When global consulting firm McKinsey “came clean” last Tuesday about its work at Eskom, it admitted it was not careful enough about associating with Trillian, its de facto local partner. But it claimed not to have known that Gupta lieutenant Salim Essa owned most of Trillian.Now we show that at least R30m flowed from Regiments, […]
Continue reading…

Enjoyed this post? Share it!

 
 

McKINSEY DOSSIER – Part 4: Eskom Bending Over Backwards For Trillian #GuptaLeaks

Eskom paid Trillian R595m without a valid contract while lying to the public about doing so. This is well established by now. But how the Gupta-linked company was sneaked onto Eskom’s payment system – a system designed to prevent fraud – has always been a mystery. A series of interviews and leaked documents show that […]
Continue reading…

Enjoyed this post? Share it!

 
 

McKINSEY DOSSIER – Part 3: Eskom Tells McKinsey And Trillian To #PayBackTheMoney #GuptaLeaks

Pressure on global consulting giant McKinsey has reached breaking point after Eskom moved to reclaim R1.6-billion in consulting fees paid as part of the controversial turnaround project. On Thursday night Eskom released a statement saying that it “sought McKinsey and Trillian’s co-operation” to have the R1-billion paid to McKinsey and the R564-million paid to Gupta-linked […]
Continue reading…

Enjoyed this post? Share it!

 
 

Business Leadership South Africa kicks out Eskom‚ Transnet

Business Leadership South Africa (BLSA) has suspended the membership of state entities Eskom and Transnet with immediate effect. The decision follows “extensive allegations of corrupt behaviour”‚ the business lobby group said. BLSA CEO Bonang Mohale said in a statement: “South Africans have been rightly disturbed in recent times at the numerous allegations of corrupt behaviour […]
Continue reading…

Enjoyed this post? Share it!

 
 

Gupta owned companies New Age and ANN7 sold to Mzwanele Manyi for R450m

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 […]
Continue reading…

Enjoyed this post? Share it!

 
 

Gupta company may be suspended from JSE – Finally the getting what they deserve!

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 […]
Continue reading…

Enjoyed this post? Share it!

 
 

Banks slapped with fines for weak anti-money laundering controls.

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 […]
Continue reading…

Enjoyed this post? Share it!