5 important things happening in South Africa today
·31 Aug 2017
Here’s what is happening in and affecting South Africa today:
- Former finance ministers are in the Hawks’ firing line – including Trevor Manuel, his deputy Jabu Moleketi, and possibly even Pravin Gordhan – over allegations that covert operations took place where the NPA offices were bugged. The Hawks could not confirm they were looking at Gordhan, but Manuel has confirmed he has been subpoenaed in the matter.
- The Hawks have revealed that they are in fact investigating the Gupta family – counter to president Zuma’s son, Duduzane’s claims – specifically looking at the family’s controversial 2013 wedding. However, the investigative unit said that the wedding investigation forms part of a much larger case. The wedding was allegedly paid for through laundered state funds.
- Public enterprises minister Lynne Brown must today explain the R1.6 billion in payments Eskom made to Trillian and McKinsey. She gave the firms until today to deliver a report explaining the payments, after Eskom reportedly admitted that it lied about them getting the all-clear. Brown has pleaded ignorance in the matter, saying she did not know.
- The Rabie Property Group says it will turn Cape Town’s Ratanga Junction into a new mixed-use development comprising corporate offices, restaurants, residential apartments, and show rooms. The group announced yesterday that the costly amusement park would close down for good from 1 May 2018, and will be demolished to make way for new developments.
- South Africa’s rand fell slightly against the dollar on Wednesday, giving up gains from the previous session, after data showed private sector credit demand growth slowed in July. On Thursday, the rand was trading at R13.02 to the dollar, R16.82 to the pound and R15.46 to the euro.
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