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.
Floyd Shivambu exposed why SA’s deeply compromised President Jacob Zuma acted the way he did – directly costing the country billions of rand.
Could anything be read from the subtle clues Zuma gave during his testimony from whether he was speaking the truth?
Former Mineral Resources minister Ngoako Ramatlhodi, told Zondo how former Eskom chairman, Ben Ngubane, demanded he immediately revoke Glencore’s mining licence, purportedly because they owed Eskom R2bn.
South African President Jacob Zuma fired Finance Minister Pravin Gordhan and eight other cabinet members in a high-stakes power play that may threaten his own presidency and place the nation’s investment grade credit rating at risk.
Off the back of disastrous unemployment figures, where 4 000 jobs were shed in the country’s mining sector, Anthea Jeffery is calling for urgent resolution on the Mining Charter.
Mining Minister Mosebenzi Zwane was dogged by heckles of “Where are the Guptas” during his budget vote speech in Parliament on Tuesday.
As the dominoes continue to fall, revealing more of the alleged influence the controversial Guptas have over government, several ANC sources have told News24 that they are still standing firm behind the family’s alleged ally President Jacob Zuma.
The feisty EFF leader, Julius Malema, re-entered the fray via social media after Atul Gupta tweeted: “Jonas is political point scoring. No meeting with Guptas took place.”
The Guptas have denied that any family member ever met with Deputy Finance Minister Mcebisi Jonas, following reports that he was offered Nhlanhla Nene’s job weeks before 9/12.
As Anglo American scales back its operations in South Africa, the government says this could encourage the emergence of “new black economic empowerment champions.”