State capture
'State capture had a devastating impact on our SOEs' - Swilling
Professor Mark Swilling was responding to the measures put in place to strengthen SOEs announced by Finance Minister Enoch Godongwana during his budget speech...
The company was among the list of accused in the R280 million botched Free State project.
It's understood that the State had more than 30 witnesses lined up to give damning testimonies against the accused.
Siphiwe Mahlangu is the State's first witness in the two-week trial. He wrapped up his first day of testimony under fire from defence lawyers during his cross-examination.
The NPA wants to prosecute Atul and Rajesh Gupta for the alleged siphoning off of state funds in a botched R25 million rural development project.
Rajesh and Atul Gupta were arrested last year in Dubai for their alleged involvement in the Nulane corruption case, where the Free State government was defrauded of close to R25 million.
In court papers filed this week, he insisted that he only ever acted in what he believed were the best interests of Eskom but that the commission ignored his affidavits and didn’t properly interrogate witnesses who implicated him.
Arthur Fraser on Wednesday filed papers in the Pretoria High Court, asking for the commission’s reports to be reviewed and set aside or, alternatively, for all the findings and recommendations relating to him to be chucked out.
The Chief Justice also said the judiciary won't be swayed into making populist decisions that aren’t in line with the law.
President Cyril Ramaphosa said that his government had been working hard over the last five years to stop the looting, to prosecute those responsible and to recover stolen funds.
President Cyril Ramaphosa said that the settlement between Swiss tech firm ABB Ltd and the NPA was a huge development and a result of the hard work to end the looting of resources meant for the benefit of South Africa’s people.
The company was awarded a R2.2 billion contract in 2015 to provide the power utility with controls and instrumentation work for the Kusile power station.
They’re facing various graft charges linked to Transnet’s now infamous procurement of 1,064 locomotives in 2015 and, specifically, a tender to secure some R30 billion in funding for the project which went to a McKinsey-led consortium in 2012.
Bain and Co is accused of destabilising Sars and playing a major role in state capture during the leadership of former President Jacob Zuma.
They'll also have to oversee President Cyril Ramaphosa's action plan for dealing with the recommendations directed at him.
Deputy Minister in the Presidency Pinky Kekana is set to face a reprimand by the National Assembly for failing to declare R170,000 she received from controversial businessman, Edwin Sodi.
Answering questions in the National Assembly on Thursday afternoon, Deputy President David Mabuza said that he did not want to interfere in the business of Parliament.
The launch of Jacques Pauw's 'Our Poisoned Land' takes place on Thursday evening and will be live-streamed. The EFF has demanded the book be withdrawn.
Eric Wood is a former director of Gupta-linked Regiments Capital.