Posts tagged with 'Zuma'

 

The true financial cost of Hurricane Jacob

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Over 1 month, six months, one year, three years and even five years. In rand as well as US dollars. Against the developed world and now also against the emerging market world. Take your pick; it doesn’t matter. These are the current facts of the returns of the Johannesburg Stock Exchange relative to the major..
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Can we believe this: ‘I didn’t conspire with Zuma’ – Mkhwebane

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Public Protector Busisiwe Mkhwebane has denied conspiring with the presidency and State Security Agency‚ saying her office remains independent. In papers filed in the High Court in Pretoria‚ the Reserve Bank accused Mkhwebane of meeting with President Jacob Zuma’s office and the State Security Agency before releasing her report on missing apartheid funds. The report..
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Johan Rupert: “Radical economic transformation is just a code word for theft”

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South Africa’s richest man Johann Rupert said “radical economic transformation,” the policy championed by the country’s President Jacob Zuma to reduce racial inequality, is no more than theft. “Radical economic transformation is just a code word for theft,” Rupert said on the sidelines of Richemont’s annual general meeting in Geneva on Wednesday. “That’s what’s happening..
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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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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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Intelligence Report: Zuma – It is mine and you can’t have it

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President Jacob Zuma has refused to urgently furnish the DA with documents, including the so-called intelligence report, on which he allegedly based his decision to fire former Minister of Finance, Pravin Gordhan and his deputy, Mcebisi Jonas. The DA will next week turn to the High Court in Pretoria in a bid to compel Zuma..
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Nuclear deal ruled as unlawful and unconstitutional: Learn all about the dark secrets of this shady deal

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The Western Cape High Court ruled on Wednesday that the South African government’s nuclear agreements with Russia, Korea and the US were unlawful and unconstitutional. In a landmark ruling, the Court also scrapped the South African government’s decision to buy about eight nuclear power stations — 9600MW of nuclear power. This decision was first gazetted..
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Millions to be wasted on President Zuma’s Nkandla homestead

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The South African government is preparing to spend “millions” in taxpayers’ money on President Jacob Zuma’s Nkandla homestead, according to a report by the Sunday Times. The report stated that the Department of Public Works confirmed processes were underway to refurbish the property, repair “shoddy workmanship”, and address security concerns. “While the assessment is not..
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The True Reason behind the sacking of Gordan and what will happen next

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What explains the allegedly irrational decisions taken by the South African government over recent days? Two explanations suggest themselves. The first is that the decisions were not irrational, but part of a calculated power-play designed to further entrench the Zuma-aligned faction of the African National Congress (ANC). The second is that Mr Zuma took the..
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Racism will soon be a crime punishable by law

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Jacob Zuma claims that the ideology of racism remained firmly entrenched among some population groups. Practising racism and racial intolerance will soon be an offence punishable by law in South Africa, according to President Zuma. Addressing a small but very enthusiastic crowd at Victoria Grounds in King William’s Town, Eastern Cape, to mark Human Rights Day, Zuma..
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