The newly-elected leader of South Africa's ruling African National Congress, Cyril Ramaphosa, has intervened to clean up the state-owned electricity utility ahead of leading the country's team to the 2018 World Economic Forum meeting in Davos from January 23.
Faced with a warning from Minister of Finance Malusi Gigaba that the debt-ridden company was unable to raise money and could bring down government finances, the government appointed a new board and ordered the removal of top executives implicated in corruption.
Deputy President Cyril Ramaphosa, left, and Finance Minister Malusi Gigaba meeting business leaders to plan South Africa's strategy at the forthcoming 2018 World Economic Forum meeting in Davos from January 23.
South Africa's Asset Forfeiture Unit and the National Prosecuting Authority are trying to seize U.S.$130 million worth of assets form Gupta-linked Trillian and global consulting ... Read more »
A commission of inquiry appointed by Deputy Chief Justice Ray Zondo may only focus on state capture allegedly committed by the Zuma and Gupta families, which former public ... Read more »
Key takeaways - and the full text - of the annual statement of the national executive committee of the African National Congress, delivered for the first time by the newly elected ... Read more »
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