Bain’s walk of shame as Hain says it must ‘feel the pain’
Former UK cabinet minister Peter Hain has been leading the charge against global consultancy firm Bain & Co in the corridors of power abroad.
Guptas
Best of BizNews #5: Floyd Shivambu: Here’s why Zuma fired Nene, deployed backbencher Van Rooyen
Floyd Shivambu exposed why SA’s deeply compromised President Jacob Zuma acted the way he did – directly costing the country billions of rand.
đź”’ Premium: Uber’s happy surprise for investors; UK’s nasty one for Bain & Co
Britain is the first western country to impose such penalties on Bain & Co for its role in the “state capture” scandal in South Africa.
Daily Insider: Bain keeps giving SA pain, but not for much longer thanks to Hain
American consultancy Bain & Co was in cahoots with the Zuptas and engineered their capture of the SA Revenue Services.Â
Amalgamation of intelligence branches was a recipe for abuse
The Zondo report is an example of transparency around intelligence abuses but lacks detailed recommendations to enable speedy prosecutions.
SA banks kowtowed to ANC on Gupta bank account closures
Economist Dr Lumkile Mondi says he’s still “shocked and very disappointed” that CEOs of major banks bowed to political pressure and went to meetings at the ANC’s Luthuli House after they closed the Gupta’s bank accounts.
How a Gupta company with R16 in its bank account scored R280m
A guy who sold computers for the Gupta family was the face of a company that had R16 in its bank account days before it got a R30m bump from the taxpayer to run the Vrede dairy project. Michael Appel has more from Zondo’s latest report.
đź”’ Premium: Zondo’s final report an official admission of Gupta total control over Zuma
The Guptas, who fled South Africa when Zuma quit power, have always denied wrongdoing, as has the former president.
No mercy for the Guptas in SLR’s prison of the mind
Get ready to grab your dictionary and open your mind to a world in which South Africa’s worst export – no, not Vuvuzelas, but close – the Guptas are imprisoned inside a jail of Simon Lincoln Reader’s making.
Editorial: Guptas arrested. Did you ever think you’d see the day?
Two of the Guptas on Interpol’s Red Notice list have been arrested in the United Arab Emirates with the focus now shifting to their extradition back to SA amid an inevitable fight back.