Reporter’s Parliamentary Notebook: ‘Mr Clean’ Ramaphosa battles stinging State Capture comments

Reporter’s Parliamentary Notebook: ‘Mr Clean’ Ramaphosa battles stinging State Capture comments
Spare a thought for Deputy President Cyril Ramaphosa, who on Thursday found himself having to come up with slick verbal contortions while juggling loyalty to state office and an ANC party-presidential campaign as Mr Clean. His question time in the House …
Reporter’s Parliamentary Notebook: ‘Mr Clean’ Ramaphosa battles stinging State Capture comments

Ramaphosa urges union members to blow whistle on state capture

Ramaphosa urges union members to blow whistle on state capture
Deputy President Cyril Ramaphosa has called on union members to report corruption and state capture. He was speaking at the 30th birthday celebration of the National Health Education and Allied Workers Union (Nehawu)‚ held in Cape Town. Ramaphosa said …
Ramaphosa urges union members to blow whistle on state capture

Illovo secures Treasury approval for land development project

Illovo secures Treasury approval for land development project
The National Treasury Jobs Fund has approved Illovo Sugar South Africa’s project to develop 3 000 ha of small-scale grower cane land on the South Coast of KwaZulu-Natal. The project will result in the creation of 1 188 new jobs and the training of 1 630 …
Illovo secures Treasury approval for land development project

South Africa's 3-month T-bill average yield at 7.41 percent

South Africa's 3-month T-bill average yield at 7.41 percent
JOHANNESBURG, Oct 20 (Reuters) – South Africa sold 3.555 billion rand ($259 million) worth of three-month Treasury bills on Friday, at an average yield of 7.41 percent compared with 7.4 percent last week, central bank data showed. The bid-to-cover ratio …
South Africa's 3-month T-bill average yield at 7.41 percent

Eskom contracts in spotlight as Parly state capture probe gets underway

Eskom contracts in spotlight as Parly state capture probe gets underway
CAPE TOWN – Lucrative Eskom contracts are expected to be in the spotlight in Parliament on Tuesday when an inquiry into the parastatal officially kicks off. The committee is one of four instructed by National Assembly House chairperson Cedric Frolick to …
Eskom contracts in spotlight as Parly state capture probe gets underway

State capture implodes as KPMG and McKinsey set for FBI investigation

State capture implodes as KPMG and McKinsey set for FBI investigation
As the country raged about government corruption following the leaked Guptas emails, President Zuma and his cronies did their best to ignore the public’s fury. However, the architects of state capture have also crafted their own downfall. In what will be …
State capture implodes as KPMG and McKinsey set for FBI investigation

Treasury refers UK banks to regulators over alleged South Africa scandal links

Treasury refers UK banks to regulators over alleged South Africa scandal links
HSBC and Standard Chartered are facing a probe by UK regulators after Labour peer Lord Hain alleged the banks could have inadvertently been linked to a corruption scandal in South Africa. Lord Hain told the House of Lords that as much as £400m of illict …
Treasury refers UK banks to regulators over alleged South Africa scandal links

Probe into claims UK banks may be unwittingly linked to South Africa corruption scandal

Probe into claims UK banks may be unwittingly linked to South Africa corruption scandal
Treasury spokesman Lord Bates confirmed at question time that Mr Hammond had taken immediate action in referring it to the “relevant authorities” so that “justice is done and seen to be done”. At the centre of the corruption allegations are South Africa’s …
Probe into claims UK banks may be unwittingly linked to South Africa corruption scandal

Zuma working to ensure state capture inquiry happens ‘soon’: Ramaphosa

Zuma working to ensure state capture inquiry happens ‘soon’: Ramaphosa
Deputy President Cyril Ramaphosa says President Jacob Zuma is working to ensure that a commission of inquiry into state capture happens “soon”. During a National Assembly question session on Wednesday Ramaphosa said: “I know for a fact‚ he has been busy …
Zuma working to ensure state capture inquiry happens ‘soon’: Ramaphosa

State Capture: UK Serious Fraud Office aware of Guptas’ overseas banking networks

State Capture: UK Serious Fraud Office aware of Guptas’ overseas banking networks
On Thursday, Labour peer Lord Peter Hain of Neath tabled a question in the British House of Lords asking Chancellor of the Exchequer, Philip Hammond, to ensure that UK law enforcement agencies, including the Serious Fraud Office, investigate HBSC, Standard …
State Capture: UK Serious Fraud Office aware of Guptas’ overseas banking networks

Treasury calls for probe of HSBC and Standard Chartered on links to South Africa corruption

Treasury calls for probe of HSBC and Standard Chartered on links to South Africa corruption
The Treasury has asked UK regulators to investigate whether banks HSBC Holdings PLC (LON:HSBA) and Standard Chartered PLC (LON:STAN) are linked to a South Africa corruption scandal. Labour cabinet minister Peter Hain has written a letter to Chancellor …
Treasury calls for probe of HSBC and Standard Chartered on links to South Africa corruption

Chancellor orders probe into explosive claims banks HSBC and Standard Chartered could be linked to £400m South African corruption scandal

Chancellor orders probe into explosive claims banks HSBC and Standard Chartered could be linked to £400m South African corruption scandal
Treasury minister Lord Bates said the UK was committed to tackling corruption in the UK and overseas with strict rules on money laundering introduced recently which British banks must follow. ‘We are concerned about the allegations in South Africa and the …
Chancellor orders probe into explosive claims banks HSBC and Standard Chartered could be linked to £400m South African corruption scandal

Chancellor orders probe into explosive claims UK banks could be linked to £400m South African corruption scandal

Chancellor orders probe into explosive claims UK banks could be linked to £400m South African corruption scandal
Treasury minister Lord Bates said the UK was committed to tackling corruption in the UK and overseas with strict rules on money laundering introduced recently which British banks must follow. ‘We are concerned about the allegations in South Africa and the …
Chancellor orders probe into explosive claims UK banks could be linked to £400m South African corruption scandal