Investigations into South Africa finance minister worries investors (Youtube-Clip)

“The investigation into South Africa’s finance minister has had some major repercussions. Investors are watching closely, and analysts are concerned a ratings downgrade could be on the cards. Detectives want to question Finance Minister Praveen Gordin about a rogue unit set up at the tax authority during his tenure. Angelo Coppola reports” (CCTV Africa, 2016)

Gordhan also accused of frustrating SAA’s plans to secure funding (Youtube-Clip)

“As the stand-off continues between Finance Minister, Pravin Gordhan and the Hawks, Gordhan has also been accused of frustrating SAA’s plans to secure funding. SAA former auditor and risk committee member, Yakhe Kwinana, resigned in anticipation of the airline’s liquidation. Kwinana says Gordhan has refused to give SAA a loan guarantee until a new board is installed. South African Airways says an interruption of service on any of its routes is highly unlikely. That’s according to its spokesperson Tlali Tlali. But Kwinana, says the airline is facing possible deregulation in Ghana and Hong Kong, due to its failure to submit financial statements. Kwinana says her resignation was informed by SAA’s imminent collapse which she believes could hurt her credibility as an accountant” (SABC Digital News, 2016)

Guptas to Sell Shareholding in All South African Businesses (27.08.2016)

Two and Half Gupta

We announce today our intention to sell all of our shareholding in South Africa by the end of the year.

JOHANNESBURG, South Africa, August 27, 2016 – The Gupta Family said:

Since our decision to step down from all executive and non-executive positions in all our South African business in April 2016, the local management team has grown our businesses from strength to strength, with turnover and profits showing good growth and more jobs created.

As a family, we now believe that the time is right for us to exit our shareholding of the South African businesses which we believe will benefit our existing employees, and lead to further growth in the businesses.

As such, we announce today our intention to sell all of our shareholding in South Africa by the end of the year.

We are already in discussions with several international prospective buyers and will soon be in a position to make further announcements.

We believe that this decision is in the best interests of our business, the country and our colleagues.

Finance Minister Pravin Gordham Statement on Hawks investigation (24.08.2016)

Pravin Gordham Statement

‘LG Election results a reflection of South African’s will’, says Motlanthe (Youtube-Clip)

“ANC Veteran Kgalema Motlanthe has also spoken out about the recent election results, saying they are a reflection of the will of South Africans, Motlanthe was addressing the Xubera Institute for Research and Development in Durban” (SABC Digital, 2016)

DA condemns murder of DA Danielskuil Councillor (18.08.2016)

DA 18.08.2016 P1DA 18.08.2016 P2DA 18.08.2016 P3

Outcome of coalition talks: Somadoda Fikeni (Youtube-Clip)

“The ANC has officially lost control of the the administrative capital of the country, Pretoria and the Nelson Mandela Bay Municipality. This after the EFF resolved to vote for the DA at all hung councils except where the IFP is leading. This while Ekurhuleni and Joburg remain a conundrum. However, the EFF says it’s agreement with the DA is NOT a coalition” (SABC Digital, 2016)

Network Africa: South Africa’s Opposition Coalition Talks Fail (Youtube-Clip)

BREAKING NEWS: DA enters into a coalition with COPE, ACDP, UDM, and FF Plus (Youtube-Clip)

ANC’s national leadership cost Gauteng branch: Malema (Youtube-Clip)