President Cyril Ramaphosa has appointed a commission of inquiry into alleged impropriety at the Public Investment Corporation.
Continue reading…
Cyril Ramaphosa appoints commission of inquiry into Public Investment Corporation
Posted on Leave a comment
ANC won’t demand more resignations after Nene quits – Jessie Duarte
Posted on Leave a comment
Ministers should decide for themselves if they will resign after appearing before the commission of inquiry into allegations of state capture. They should, however, apply a test of whether they are complicit in corruption says the ANC.
Continue reading…
REPORT – Nhlanhla Nene asks to be relieved of his duties
Posted on Leave a comment
Following a public apology for meeting the Gupta brothers at their Saxonwold home instead of a public place, Finance Minister Nhlanhla Nene has asked to be relieved of his duties, according to a Business Day report on Monday.
Continue reading…
Following the Zondo Commission so far, The Reserve Bank warns of ‘catastrophic’ impact if banks kept Gupta accounts open
Posted on Leave a comment
South Africa’s “big four” banks could have been locked out of the international payments system with “absolutely catastrophic” results if they had kept the Gupta family’s bank accounts open in 2016, according to South African Reserve Bank deputy governor Kuben Naidoo.
Continue reading…