The world is changing fast and to keep up you need local knowledge with global context.
(Bloomberg) – South African prosecutors said a top ruling party official and 15 other defendants have been charged with 74 crimes, including money laundering, fraud and corruption, adding to previous accusations levelled against them.
The revised indictment was served on African National Congress Secretary-General Ace Magashule and his co-accused during a second appearance at a magistrate’s court in the central city of Bloemfontein on Friday. Magashule denies any wrongdoing.
Ten other individuals and five companies are co-accused in the case, which relates to an audit contract issued while Magashule was premier of the central Free State province. The trial was transferred to the High Court and postponed until Aug. 11. All the accused were freed on R50,000 bail.
Magashule, 61, is one of President Cyril Ramaphosa’s biggest rivals and has consistently undermined his authority. He’s been linked to an ANC faction that remains loyal to former President Jacob Zuma and opposes economic reforms that his successor is trying to implement.
The ANC has asked Magashule to step down while he fights the charges – a call he’s defied, undermining Ramaphosa’s efforts to weed out corruption in the ruling party.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.