5 important things happening in South Africa today
·12 Apr 2019
Here’s what is happening in and affecting South Africa today:
- The Public Protector has subpoenaed public enterprises minister Pravin Gordhan to once gain submit an affidavit about the so-called ‘SARS rogue unit’. The unit has already been investigated several times, and a case against those involved was dropped by the NPA. [ENCA]
- The Financial Sector Conduct Authority has cleared three account holders of any wrongdoing relating to trades made before the collapse Steinhoff. The accounts were among those suspected of insider trading before the company disclosed massive accounting irregularities in December 2017. [Reuters]
- Former finance minister Trevor Manuel is suing the EFF for defamation, after the party made “baseless claims” that he used undue influence to manipulate the appointment of Edward Kieswetter as the head of SARS. The claims were made by EFF spokesperson Mbuyiseni Ndlozi. [TimesLive]
- Opposition parties are stoking fears that the ANC will recall president Cyril Ramaphosa as soon as the party has attained a strong majority vote in the 2019 national elections. They allege that factions within the party, aligned to the previous administration are fighting back against Ramaphosa’s clean-up. [Daily Maverick]
- South Africa’s rand weakened on Thursday as the US dollar firmed and weak domestic mining and manufacturing data pointed to soft economic growth at the start of the year. On Friday the rand was at R13.98 to the dollar, R18.28 to the pound and R15.78 to the euro.
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