Lord Peter Hain tabled a series of allegations in the UK’s House of Lords relating to the possible role of British banks in alleged money laundering and illicit financial transactions centred around President Jacob Zuma and the Gupta family. The Conversation Africa’s Charles Leonard asked him to explain why he took the step. Hain, who..
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State capture fiasco shows why collaboration is key to tackling global crime networks
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Exposing Zwane’s ‘Job-Saving’ LIES: Guptas Simply Moving Their Loot Offshore.
Both the Guptas and Mineral Resources Minister Mosebenzi Zwane seem to both sing from the same Bell Pottinger inspired hymn sheet. When questioned in Parliament about how and why he pushed for Oakbay and Guptas to bully their way through and ultimately take ownership (in a hugely controversial way) of Glencore’s Optimum coal mine; Zwane said the deal arose..
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Open Letter To Zuma -Your Vision For This Once Beautiful Country Is A Huge Fat “For Sale” Sign!
Good day Mr President! Firstly, I know you’re a fucktard, so lets cut the pleasantries and get down to business! This Country is my Country – one that my forefathers built with pride and dignity – something every moral fibre in your being is devoid of! In 1994, I voted for change, the change that..
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February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget
The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance Minister until..
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Full Junk Status For South Africa Is Inevitable
While two of the three major rating agencies already have South Africa’s foreign debt ratings in sub-investment grade, finance minister Malusi Gigaba’s bleak budget speech this week practically makes ‘full’ junk for the country an inevitability. As the market and analysts digest the key takeaways from the budget speech, the overarching theme that has emerged..
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This Is Who Is Paying South Africa’s Tax – A Paltry 13% Of The South African Population
Finance expert Jayson Coomer, known as the Rolling Alpha, has updated his annual breakdown of South Africa’s tax trends, following the mini-budget speech delivered this week. According to Coomer’s data, currently a paltry 13% of the South African population of 56 million people are the ones paying income taxes – with the other 87% not contributing..
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February’s Main Budget Could Be A Total ‘Bloodbath’ Judging Gigaba’s Mini-Budget
Matthew Lester The biggest day in Malusi Gigaba’s political career so far was strongly contrasted yesterday by a vehemently negative market reaction. While being honest in his assessment of the state of the South African economy, the Finance Minister provided little hope that he has a plan to halt the bleeding. And as Matthew Lester points out below, if Gigaba remains Finance..
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Medium Term Budget Policy Statement 2017 Reveals The Full Horror Of Jacob Zuma’s Catastrophic Mismanagement Of The Economy In South Africa
The Minister of Finance, Malusi Gigaba’s, “maiden” medium-term budget policy statement exposes the full horror of President Jacob Zuma’s catastrophic management of the economy in South Africa. The minister’s medium-term budget policy statement reveals a full-scale budget “blow out” with: ** a massive revenue shortfall of R50. 8 billion, which is the largest revenue shortfall..
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BLSA tells Eskom: ‘You remain suspended’
Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on..
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Rights groups slam WHO for appointing Zimbabwe’s Mugabe a goodwill ambassador
The World Health Organisation’s (WHO) decision to name Zimbabwean President Robert Mugabe a “goodwill ambassador” has been met with condemnation by human rights and medical groups. The 93-year-old Zimbabwean leader was given the position, which is bestowed on personalities who highlight “important health issues,” at a WHO conference on noncommunicable diseases (NCD) in Montevideo, Uruguay…
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