Business In The News South Africa

DA fails to find support for claim that SAA’s R3 billion lifeline was illegal

PARLIAMENT, October 5 – The Democratic Alliance’s objection that last week’s R.3 billion bailout to South African Airways was illegal seems unlikely to go far after Parliament’s standing committee on finance received a legal opinion Thursday suggesting there was not a clear case to be made for this. Parliamentary legal advisor Frank Jenkins told the […]

In The News South Africa

ANC’s economic transformation policy ‘patronage politics’, says Maimane

JOHANNESBURG, October 4 –  Mmusi Maimane, the leader of the opposition party in South Africa, the Democratic Alliance, on Wednesday described the radical economic transformation policy of the ruling African National Congress (ANC) as “a poorly disguised extension of lucrative patronage politics”. Maimane said the ANC’s definition of radical economic transformation was a way of legislating the […]

Business In The News South Africa

Regulatory board to fast-track probe into KPMG’s work for Gupta family

PARLIAMENT,  October 3 – The Independent Regulatory Board of Auditors said on Tuesday it has met with KPMG international chairman Bill Thomas and urged him to ensure full cooperation with its investigation into work the auditing firm did for the Gupta family’s business empire. IRBA CEO Bernard Agulhas said since that meeting, which also included KPMG SA […]

In The News South Africa

Security upgrades at Cape Town mayor’s home all above board – council speaker

CAPE TOWN, October 1  – Security work at City of Cape Town mayor Patricia de Lille’s private residence is above board and  in line with provisions of national legislation, council speaker Dirk Smit said on Sunday. Responding to reports of alleged irregular upgrades to De Lille’s home “quoting faceless, nameless sources in the safety and […]

Lead South Africa

DA bid to force Zuma state capture inquiry fails

JOHANNESBURG, September 29 – The North Gauteng High Court on Friday turned down the application by the Democratic Alliance (DA) to compel President Jacob Zuma to immediately implement the Public Protectors remedial action recommended in her “State of Capture” report. Earlier in 2017, the then Public Protector Thuli Madonsela ordered that, within 30 days, Zuma must establish a […]