Africa

 

Jacob Zuma wages war on South Africa’s institutions

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The South African president wants to take over the country’s money printing presses… “An assault on the central bank is the latest stage in a descent into crony capitalism Jacob Zuma has tightened his grip on the finance ministry, the state prosecutor, the public protector and the tax authorities. All of them, to one degree..
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Pension funds in ANC crosshairs source of funding for state development

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The ANC has again set its sights on pensioners’ retirement money as a potential source of funding for state development. At the close of its policy conference this week the party said it would investigate the use of prescribed assets, one of the proposals to come out of its economic transformation deliberations. The proposal was..
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Moses Kgosana, Unrepentant Gupta Tax Dodge ‘Lapdog’ Shoots The Messenger As He Feels The Heat – WATCH!

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EDINBURGH — Expect to hear a lot more about Moses Kgosana, the KPMG heavyweight linked to the Gupta tax dodge that facilitated a flow of R30m from taxpayers to cover an extravagant family wedding at Sun City. That wedding is the event that raised alarm bells that the Gupta family exerted extraordinary influence at the highest levels of government..
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF

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The Economic Freedom Fighters (EFF) says black-owned and led institutions in South Africa are known for their legacy of nepotism, corruption and kleptocracy. EFF made the assertion while it was celebrating the VSB Mutual Bank decision to shut the Gupta’s business accounts. Earlier this month, it emerged that the VSB Mutual Bank closed the accounts..
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Dysfunctional ANC Municipalities Yet Protests Target Efficient DA-Run Metros

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Cynical, selective geo-political protests around pit toilets and service delivery have targeted the DA which, wherever it rules afresh or more recently, comes under ANC-inspired attack. This is in spite, or perhaps because of, the newly-muscled party, now ruling the most important metros in the country, having uncovering breath-taking corruption and dysfunction wherever it took over. Not only that, says..
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Five Star Capitec Rated By Lafferty As Best Bank In The World – Again

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LONDON — For the second successive year, South African banks have been rated the very best in the world in the annual Global Bank Quality Benchmark compiled by the Lafferty Group. The analysis, which assesses factors like management and strategy alongside the normal balance sheet data, rates Capitec the only five star bank on earth, with Absa..
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These Charts Show The Dire State Of South Africa’s Economy

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There Is Bad News All Around. There is not an awful lot of good news about. And every time we battle to pull off some improvement, government tends to score an own goal. Witness the exchange rate’s reaction and JSE selloff over the past few days following the Mining Charter ‘announcement’ as well as the..
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Revealed! Bell Pottinger Got R5.5m For One Weekend To ‘Help’ ANC, MK In Anti-White Campaign

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EDINBURGH — It doesn’t get much lower than stirring up racial animosity in the country with the legacy of apartheid hanging around its neck. South African society is riven with tension. After Nelson Mandela, emeritus Archbishop Desmond Tutu and others ensured a relatively peaceful transition to democracy, all the hard work has been rapidly undone…
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Survé, Guptas Imitate Ethos, Practices Of Apartheid Newspapers

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CAPE TOWN — One of the most attractive things about the Fourth Estate is that it manages to equalise the otherwise deeply skewed power balance between billionaires and politicians, and humble, hard-working, honest scribes who can take them on, blow for blow. In the battle for hearts and minds, bent and manipulative politicians and captains..
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Evil Mastermind Victoria Geoghegan: How Does She Sleep At Night? #GuptaLeaks

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It has taken only a few years for Geoghegan and her associates to help bring South Africa to its knees EDINBURGH－ Many in South Africa wonder how Victoria Geoghegan sleeps at night. A partner at London-based Bell Pottinger, she has made it her business to undo the work of Nelson Mandela, Desmond Tutu and other freedom..
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