Africa

 

Did Guptas sell mines they didn’t own? The Zuma and Guptas stories is just getting interesting day by day.

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Many questions remain about the Gupta family’s announcement on Wednesday that it was selling Tegeta Exploration, a company with coal mines that, according to Eskom, are critical for keeping the lights on in the country. But two questions stand out: Who is buying Tegeta, and who is selling it? Neighbours in the vicinity of the..
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Guptas get bailed out of another SA business after Swiss Company is investing R2,97b

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Oakbay flogging Tegeta for amazingly quick profit of nearly R800million. A United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family’s Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and Exploration will be sold by Oakbay Investments,..
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Are the Guptas starting to feel the heat?

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Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. The firm is at the centre of former Public Protector Thuli Madonsela’s State of Capture report, which found irregularities with its dealings with Eskom. Brian Molefe stepped down as a result of the report in..
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Energy fund faces ruin if state mining company moves to Zwane’s department.

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The Central Energy Fund (CEF) faces financial ruin when Energy Minister Mmamoloko Kubayi hands the state’s mining company, African Exploration Mining and Finance Corporation, to the department of mineral resources. This will take place in the few months left of this financial year. Sources in the department have told the Mail & Guardian it will..
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Makhosi Khoza, African National Congress MP, hits back at claims that she ‘insulted’ ANC colleagues.

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Makhosi Khoza has denied she insulted ANC colleagues following a boycott of a meeting she chaired last week, saying she was responding to their initial taunts. Khoza was sacked as chairperson of the portfolio committee on public service and administration last Thursday, August 17, after ANC MPs wrote a letter demanding she be removed two..
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Falling BRICS endanger their citizens’ health, starting with Jacob Zuma.

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As he launches the African Regional Centre of the New Development Bank (NDB) in Sandton on Thursday, nearly 18 months behind schedule, Jacob Zuma must have mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was poisoned..
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SARS feeds Guptas and ANC

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A Parliamentary Question from the FF Plus regarding complaints received from the taxpayer (SARS) since the tax ombudsman came into existence indicates that everything is not well in SARS and that this service can become less and less trusted in dispute with Taxpayers themselves. Adv. Anton Alberts, the FF Plus parliamentary spokesman for finance, asked..
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How Government Plans To Force You To Invest In State Assets

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The South African government has quietly announced that it has set its sights on retirement funds and pensions as a way to add additional funds to bolster the country’s finances. The announcement made on the last day of the ANC’s policy conference last month, had not featured in the party’s earlier policy documents, and was..
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Exposed! Transnet Kickbacks Link To Jacob Zuma Marital Mansion Money

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EDINBURGH — The journalists at amaBhungane have picked up where the police and other state investigators have stood back and watched as President Jacob Zuma, his family and friends – in particular – the Gupta family – have raided state coffers for their own gain. In the latest revelations, amaBhungane has published explosive details of how email and other records indicate..
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Current climate at SARS is one of fear and loathing

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SARS spokesman Luther Lebelo went on Radio 702 on Friday to rubbish media reports and clear up perceptions over SARS and its Commissioner‚ Tom Moyane. Lebelo‚ who becomes increasingly agitated as the interview with Stephen Grootes progresses‚ was vehement in defending Moyane over a trip to Dubai in December 2015 and also speaks about the..
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