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Jonas is said to decline South African Finance Minister post

By: Bloomberg     9th October 2018 Mcebisi Jonas declined an offer to replace Nhlanhla Nene as South Africa’s finance minister, spurring President Cyril Ramaphosa to consider central bank Governor Lesetja Kganyago and one of his predecessors, Tito Mboweni, for the job, according to three people familiar with the matter. Jonas, a... 

State capture inquiry postponed 'until further notice'

By: News24Wire      11th September 2018 The judicial commission of inquiry into state capture has been postponed until further notice, it announced on Tuesday. The hearings were expected to resume on Wednesday with the testimony of former minister of public enterprises Barbara Hogan. The commission's chair, Deputy Chief Justice Raymond... 

Gupta revealed 'top secret' Denel matter – Mentor

By: African News Agency      28th August 2018 Ajay Gupta revealed top secret information regarding state-owned arms manufacturer Denel during a meeting at the family's Saxonwold compound, former African National Congress (ANC) parliamentarian Vytjie Mentor testified at the state capture commission of inquiry on Tuesday. This was a meeting... 

Gupta-owned mines' rehabilitation fund case postponed

By: News24Wire      20th April 2018 An urgent court application by the Gupta-owned Optimum and Koornfontein coal mines to reclaim rehabilitation funds worth over R1.7-billion, has been postponed. The money was seized by the National Prosecuting Authority's (NPA) Asset Forfeiture Unit. Trustees of the rehabilitation funds controlled... 

Malusi Gigaba given 10 days to prepare for Eskom Inquiry

By: News24Wire      7th March 2018 Home Affairs Minister Malusi Gigaba has 10 days to prepare for his appearance before the Eskom Inquiry. Gigaba was scheduled to appear before the portfolio committee on public enterprises on Tuesday, but sent a letter to the chair Zukiswa Rantho on Friday March 2, requesting an extension. 

More Gupta-owned companies apply for business rescue 

By: News24Wire      23rd February 2018 More Gupta-linked companies have filed for business rescue, company documents show. This comes shortly after the family's Optimum mines filed for business rescue earlier this month. This leaves their creditors holding a particularly busy bag of cats. 

Striking Gupta mineworkers demand answers about their future 

By: News24Wire      22nd February 2018 Striking mineworkers at Gupta-owned Optimum Coal Mine have demanded to know the "truth of the sale" of the mine. Workers downed tools on Wednesday morning, saying there was uncertainty over their jobs and the future of the mine. 

Deputy minister to appear before Eskom inquiry next week

By: African News Agency      26th January 2018 Deputy Public Enterprises Minister Ben Martins will appear before the parliamentary inquiry into South Africa's power utility Eskom when it resumes next week. "Next week the inquiry will continue, the committee will receive evidence from ... Mr Ben Martins and former Prasa (Passenger Rail Agency... 

Deputy Chief Justice Zondo to hold briefing on State capture inquiry

By: News24Wire      23rd January 2018 Deputy Chief Justice Raymond Zondo is expected to reveal further details of the commission of inquiry into allegations of State capture at a briefing in Midrand on Tuesday as the State takes steps against some of the people implicated in the claims. On January 9 this year President Jacob Zuma... 

Deputy Minister says he did not attend ‘tea party’ with Gupta brother

By: African News Agency      9th November 2017 Deputy Public Enterprises Minister Ben Martins has rubbished claims by power utility Eskom’s suspended head of legal Suzanne Daniels that he had attended a meeting with Ajay Gupta, Duduzane Zuma and Salim Essa in Johannesburg in Melrose Arch this year. “As the head of Eskom’s legal department, Ms... 

Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe 

By: Terence Creamer     12th May 2017 Public Enterprises Minister Lynne Brown has defended her decision to accept the Eskom board’s much-criticised recommendation that Brian Molefe be reinstated as CEO and see out his five-year contract to 2020 on the basis that it offered “better value” than the alternative of paying him a... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

By: Terence Creamer     13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Renewables body urges new Eskom chief to restore communications and momentum 

By: Terence Creamer     14th November 2016 The South African Renewable Energy Council (Sarec) has expressed the hope that the new CEO of Eskom will restore “constructive communication” with the renewable-energy industry, which it says has faced “increasingly irrational and inaccurate criticism” during Brian Molefe’s tenure. Molefe... 

Glencore lashes out at Eskom over coal claims

By: News24Wire      7th November 2016 Glencore has rejected allegations by Eskom CEO Brian Molefe that it sold the parastatal coal at exorbitant prices. Molefe accused Glencore of previously trying to sell coal to Eskom at a rate of R570 per tonne, when he said the price should have been below R200. 

Eskom board still considering whether to take State of Capture report on review 

By: Terence Creamer     4th November 2016 The Eskom board reported on Friday that it was taking legal advice on “inconsistencies” in the Public Protector’s ‘State of Capture’ report, including whether or not to take the report on legal review. The board also insisted that all directors had declared conflicts of interest, complied with... 

Emotional Molefe weighs judicial review and future after damning Public Protector report  

By: Terence Creamer     3rd November 2016 Eskom CEO Brian Molefe has indicated that he is weighing his future options as head of the State-owned electricity producer following the release of a Public Protector report, which raises serious questions about his role in facilitating a coal deal involving Tegeta, a mining company linked to... 

Guptas considered Treasury a 'stumbling block'

By: News24Wire      3rd November 2016 The Treasury was a "stumbling block" to the Guptas' business ambitions and the family asked Deputy Finance Minister Mcebisi Jonas to sack its director general, according to former Public Protector Thuli Madonsela’s "state capture" report. He would have had to do this if he had accepted the... 

Eskom's Molefe implicated in 'state capture' report

By: News24Wire      2nd November 2016 Former public protector Thuli Madonsela's long-awaited state capture report includes damning details on the relationship between Eskom CEO Brian Molefe and the controversial Gupta family. Molefe and Ajay Gupta, the eldest of three Gupta brothers, made 58 telephone calls to one another between... 

Guptas list why Gordhan's application is fundamentally flawed

By: News24Wire      18th October 2016 The Guptas said Finance Minister Pravin Gordhan’s court application is fundamentally flawed and will assist them in clearing their name, their lawyer said in a statement on Tuesday. “We are delighted to have received this application,” the Guptas’ lawyer Van Der Merwe Associates said on behalf of... 

DA to add new charges against Guptas

By: News24Wire      17th October 2016 The Democratic Alliance (DA) on Sunday said it will add new charges to its corruption case against the Gupta family. "I have already laid charges of corruption against Atul Gupta, Ajay Gupta and Duduzane Zuma," said DA MP David Maynier in a statement. 

EFF to open case against Guptas after explosive Gordhan affidavit

By: News24Wire      17th October 2016 The Economic Freedom Fighters (EFF) is on Sunday set to open a criminal case against the Gupta family and their company directors after “suspicious” transactions were revealed in a court application by Finance Minister Pravin Gordhan. EFF spokesperson Fana Mokoena said their case was based on... 

Chinese technology group outlines African IoT strategy

By: David Oliveira     30th September 2016 The Asia-Pacific and African markets have been instrumental to the success of global information and communications technology (ICT) solutions provider Huawei. Speaking at the Huawei Connect 2016 conference, which took place in Shanghai from August 31 to September 2, Huawei product marketing and... 

Gupta-owned company shares dive 91% as websites downed by hackers 

By: News24Wire      15th June 2016 Gupta-owned Oakbay Resources and Energy’s share price plummeted by over 90% on the JSE on Wednesday, the same day that hackers attacked the company’s websites and shut them down. The JSE-listed company was trading R20.86 lower at R2.14, with only 30 shares trading. The company, with a market cap... 

Nothing wrong in working with legal businesses, even with the Guptas – Denel

By: News24Wire      25th April 2016 There is nothing wrong in working with any registered, legally trading business in South Africa, whether it's with the Guptas or others, the Denel board of directors said on Saturday. This follows allegations that the board “brought the Gupta family into Denel”. City Press reported last week that... 

I did not meet Guptas in Dubai – Van Rooyen 

By: News24Wire      11th April 2016 Cooperative Governance and Traditional Affairs minister Des Van Rooyen did not meet any of the Guptas during a trip to Dubai last year, his spokesperson said on Sunday. “He says he didn’t meet the Guptas,” said departmental spokesperson, Tsakani Baloyi. “He has indicated that he maintains that it... 

KPMG cuts ties with Gupta business empire

By: News24Wire      1st April 2016 KPMG has terminated its business relationship with the Gupta business empire due to the political storm surrounding the family's friendship with President Jacob Zuma. KPMG was the auditor for all Gupta-owned and -controlled businesses and performed a variety of other services for the Guptas, who... 

Hawks probing corruption charges against Gupta brothers, Zuma’s son

By: African News Agency      30th March 2016 The Directorate for Priority Crime Investigation (Hawks) on Wednesday confirmed that the unit’s anti-corruption team is investigating the charges brought by the Democratic Alliance (DA) against President Jacob Zuma’s son Duduzane and two members of the Gupta family, who have been accused of... 

Hawks to investigate Guptas, Duduzane Zuma

By: News24Wire      24th March 2016 The Hawks will be investigating the Gupta family as well as President Jacob Zuma's son, Duduzane, they said on Wednesday. Hawks spokesperson Robert Netshiunda said the case opened by the Democratic Alliance (DA) last week had been received by the crime fighting unit on Tuesday. 

I did report Gupta 'bullying', says Maseko

By: News24Wire      23rd March 2016 Themba Maseko, the former head of the Government Communication and Information System (GCIS), on Tuesday said that he had told his political seniors that President Jacob Zuma had arranged a meeting for him to "help" the Gupta family. "For the record, I did report the bullying to my political... 

We have confidence in Zuma - ANC 

By: News24Wire      20th March 2016 The ANC national executive committee on Sunday reaffirmed that it had confidence in President Jacob Zuma, despite allegations that the politically connected Gupta family were influencing Cabinet appointments. This follows a difficult week where allegations surfaced that the family, said to be... 

DA asks Madonsela to probe Zuma over ties with Guptas

By: African News Agency      18th March 2016 The Democratic Alliance (DA) on Friday urged Public Protector Thuli Madonsela to launch an investigation into alleged abuse of power on the part of President Jacob Zuma, following claims this week that he had allowed the Gupta family to pick cabinet ministers. “These revelations directly... 

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