5 important things happening in South Africa today
·6 Oct 2017
Here’s what is happening in and affecting South Africa today:
- Parliament has suggested to KPMG that it should not bid for any more government contracts until all investigations into its contracts with Gupta companies and its involvement with the SARS rogue unit report have been concluded. The auditing firm admitted that it was fighting for its very survival, amid an exodus of government and private companies from using its services.
- As nominations for the ANC’s next president open up in earnest, deputy president Cyril Ramaphosa has called for unity – but not at the expense of the fight against corruption. At least seven main candidates have made themselves available for the party’s top job, including Ramaphosa, Nkosazana Dlamini-Zuma, Lindiwe Sisulu, Mathews Phosa, Baleka Mbete, Gwede Mantashe and Paul Mashatile.
- The National Prosecuting Authority says it has established a special team to look into state companies that have been implicated in state capture. The NPA has been accused of dragging its feet in looking into SOEs, amid mounting evidence that implicates government officials and the Gupta family.
- Public Protector Busisiwe Mkhwebane says that she has learned her lesson from the Absa/Reserve Bank issues with her most recent report, and will take ‘stringent measures’ to ensure any of her future reports can pass legal scrutiny before being made public.
- South Africa’s rand weakened against the dollar early on Thursday, hurt by a combination of a firmer greenback and concerns over domestic economic growth prospects. On Friday, the rand was trading at R13.67 to the dollar, R17.89 to the pound and R15.98 to the euro.
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