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Archive for the tag “South African Government”

Ajay Gupta and Oakbay Investments Delighted with Affidavit from Pravin Gordhan (18.10.2016)

Two and Half Gupta

JOHANNESBURG, South Africa, October 18, 2016 – Gupta Family lawyer, Van Der Merwe Associates, releases a statement on behalf of Mr. Ajay Gupta and Oakbay Investments (www.OakbayInvestments.co.za) in response to the affidavit from Pravin Gordhan.

Highlights include:

  • The Gupta Family (as majority shareholders) and Oakbay Investments are delighted to have been cited as respondents to the application from the Finance Minister. At last, the Gupta Family and Oakbay can begin to formally clear their names. They thank him for this opportunity
  • The Finance Minister’s application is being considered by lawyers for the Gupta Family and Oakbay and will be dealt with in full – each and every entry
    • Six transactions (totalling R4,096 billion) refer to the Optimum mine before it was under Oakbay’s control and so were not transacted by Oakbay or the Family
    • 24 transactions (totalling R325 million) are perfectly legitimate, are in the normal course of business and are not suspicious in any way
    • Five transactions (totalling R1,698 billion) relate to Oakbay Resources and Energy, the listed entity. These are perfectly legitimate and all information is being supplied to its auditor, SizweNtsalubaGobodo, for review
    • Another 20 vaguely refer to ‘multiple transactions’ that makes any further analysis impossible without further detail from the Finance Minister
    • The remaining 17 transactions (totalling R719 million) were also all for legitimate purposes and are absolutely not suspicious. We will disclose these transactions in full, once the full analysis has been completed
    • All of the 72 transactions were approved and cleared by the respective banks processing the transactions
    • The fact that all transactions were approved is acknowledged in the attachment to Minister Gordhan’s application‎, in the form of a signed letter from the Deputy Governor of the Reserve Bank
    • None of the transactions related to Oakbay or the Family, which are over a five year period,  were flagged to the FIC as suspicious. To put this in context, the FIC’s own 2015-16 Annual Report showed that 98,054 transactions in that year alone were flagged as suspicious by the banks (i.e. STRs)
    • One of the largest transactions flagged in Minister Gordhan’s application was the transfer of the Optimum Rehabilitation Trust’s Account (over R1.3 billion) from Standard Bank to the Bank of Baroda. Yesterday, we proved this was bona fide and approved by all relevant authorities (pdf attached). The transfer occurred because all of Oakbay’s accounts were being closed
    • Whilst we thoroughly welcome this application, it is undiluted nonsense and appears to be little more than the usual political games

    To reiterate, we are delighted to have received this application. The truth always comes out in the end and we look forward to clearing our name in court.

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South Africa’s Zuma asks court to stop release of watchdog’s graft probe results (Youtube-Clip)

“South African President Jacob Zuma has asked the courts to prevent the release of the findings of a probe into alleged political interference. Public Protector Thuli Madonsela is expected to announce her preliminary findings from an investigation into the Guptas, a controversial family with close ties to Zuma. They’re accused of using their relationship with the president to influence Cabinet appointments. Madonsela’s report can’t be released until the court has ruled on Zuma’s request. Many locals have expressed their disappointment with the president’s actions, saying the interdict is suspicious” (CCTV Africa, 2016)

South Africa: Economic Freedom Fighters Statement on Recent Political Developments (13.10.2016)

eff-13-10-2016-p1eff-13-10-2016-p2eff-13-10-2016-p3eff-13-10-2016-p4

WATCH | ANC veteran Zola Skweyiya calls for Zuma’s resignation (Youtube-Clip)

“Johannesburg, 03 September 2016 – ANC veteran Zola Skweyiya has added his voice to calls for an early elective conference. In an exclusive interview with eNCA, Skweyiya says he believes ANC leaders are out of touch with the aspirations of South Africans” (eNCA, 2016)

Bishop’s Private Jet smuggled money to South Africa (Youtube-Clip)

“the head of the Christian Association of Nigeria (CAN) owns the private plane with US registration number N808HG, which is one of the jets recently seized by the SA officials. The money totaling $9.3 million cash was packed in several suitcases. The cash was seized at the Lanseria airport following the luggage search. Reuters previously revealed that SA police started investigation in terms of 2 Nigerians and an Israeli contractor, who were on board trying to illegally bring cash into the country, in what might have been part of an arms deal” (Uncensored, 2016)

South Africa: South African Broadcasting Corporation (SABC) Fires Journalists for Protesting Censorship (20.07.2016)

SABC 27.05.2016

The SABC is silencing journalists who protest censorship and advocate for press freedom, while its leadership appears more interested in protecting and serving a privileged few than the Public.

WASHINGTON D.C., United States of America, July 20, 2016/APO/ —

In response to the South African Broadcasting Corporation (SABC) firing seven staff journalists and a freelance writer, who are collectively known as the SABC 8, Freedom House issued the following statement:

“It is deplorable that the SABC fired its own journalists for insisting on covering the news,” said Lynn Fredriksson, director for Southern Africa programs. “The SABC is silencing journalists who protest censorship and advocate for press freedom, while its leadership appears more interested in protecting and serving a privileged few than the public. The SABC should quickly reinstate the journalists and reverse its decision to censor news content.”

Background:
Seven SABC journalists and one contracted freelance journalist were fired between July 18-19 for protesting an SABC management decision not to report on violent protests, a directive issued by Chief Operating Officer Hlaudi Motsoeneng in May 2016, ahead of violent unrest in Tshwane, the metropolitan area that includes Pretoria, the national capital. Critics of the SABC have likened its behavior to that of the Apartheid-era state broadcaster of the same name, in its use by the government as a propaganda tool.

The eight journalists say they will contest their firing in Labour Court and the Constitutional Court.

ANC structures must refrain from commenting on SABC: Mantashe (Youtube-Clip)

SABC Censorship Protest – Black Friday (Youtube-Clip)

Footage: Journalist who were disciplined are finally out of the building. Dirk Hermann from Solidariteit explaining what will happen now.

Footage: Zwelinzima Vavi is calling for Hlaudi Motsoeneng to go. He says the ANC is supporting censorship and demands suspended journalists to be reinstated.

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