Opinion South Africa

Abrahams’ announcement continues a NPA tradition, Ngcuka and Mpshe led – as serving political interest and not necessarily justice!

Advocate Shaun Abrahams, the NDPP on Friday confirmed the worst kept secret of recent times, that he has informed former President Jacob Zuma through the latter’s attorneys that he was going to charge him on the 13 year long, 18 account charges. The charge sheet concerns itself with 783 recorded transactions of question in frames […]

Business In The News South Africa

Eskom interim CEO blames “oversight” in friend’s monthly R100k contract

JOHANNESBURG, October 12 – Eskom’s interim group chief executive, Sean Maritz, on Thursday “acknowledged the oversight” in hiring his friend on a R100,000-per-month contract without following proper procedure, but rejected that this was irregular. This comes after weekend media reports that Maritz had previously received a written warning because he did not declare that the lucrative contract was given […]

Business In The News South Africa

Eskom wants Trillian, McKinsey to pay back funds “unlawfully paid” to them

JOHANNESBURG, October 6 – Power utility Eskom on Thursday said it sought consultancy firm McKinsey and Gupta-linked firm Trillian’s “cooperation” in returning the R1 billion and R564 million, respectively, paid to them “unlawfully” in 2016 and 2017. “The interim findings from Eskom investigations, into the circumstances surrounding payments made to both the companies, point to certain decisions by […]

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

SA business confidence hit by political uncertainty and corruption – analyst

JOHANNESBURG, September 28 – Business confidence in South Africa was at an all-time low as a result of political uncertainty, poor economic performance, policy confusion and a general lack of leadership, a turnaround strategist said on Thursday. Alastair Macduff, chairman and chief executive of the Turnaround Management Association Southern Africa (TMA-SA), said South African businesses were in […]

Business In The News South Africa

SA board of auditors ‘regret’ declining audit standards

JOHANNESBURG, September 28  – The Independent Regulatory Board for Auditors (IRBA) has expressed regret over South Africa’s dramatic decline in rankings for auditing standards. The World Economic Forum’s (WEF) Global Competitiveness Report 2017-2018 released on Wednesday showed South Africa lost the number one spot it held for the past seven years. South Africa was now ranked number 30 in the strength […]