Mandela Funeral Fraud Report Expected Today

Former public protector Thuli Madonsela announced in 2016 that her office was investigating allegations of maladministration, corruption and misuse of public funds relating to the procurement of service providers for the former statesman’s memorial services and funeral. Various Eastern Cape municipalities allegedly spent nearly R65m without following proper procurement procedures. A report in May 2016 revealed that R22m was used for T-shirts, food and transport. The full report is set to be released today.

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FIFA Struggling For World Cup Sponsors

Teams from 32 countries learned Friday who they will play at the soccer showcase, but with just six months until kick off, FIFA is struggling to find companies that are willing to spend millions of dollars on ads and logo placement. Brands have been scared off by the 2015 corruption scandal that ensnared top FIFA officials, including former general secretary Joseph “Sepp” Blatter. Political controversies involving Russia, sanctioned in 2014 following the annexation of Crimea and accused of meddling in the U.S. presidential election, haven’t helped.

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Eskom Says Loadshedding Is Unlikely

On Thursday investigative news outfit AmaBhungane reported Eskom may be forced into nationwide electricity cuts after a coal mine linked to the Gupta family threatened to halt supply. Eskom has been at the heart of allegations of illegal contracts and undue influence in awarding tenders to the Gupta family, friends of South African President Jacob Zuma. Spokesman Khulu Phasiwe confirmed Eskom had held an emergency meeting last Friday to determine whether strategic coal stockpiles at Hendrina and other stations were sufficient after Tegeta Exploration and Resources threatened to halt supply to Hendrina.

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Gauteng To Build Five Mega Cities

Gauteng is currently undergoing massive infrastructure development with over a R100 billion being invested in more than 800,000 houses within 30 residential developments, across five designated development corridors. According to the Gauteng Department of Human Settlements’ (GDHS), these developments form part of a new mandate to shift away from sporadic and uncoordinated developments to purposely planned and developed “Mega Cities” that are completely self-sufficient in providing for the housing, economic and social needs of the community.

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Germany Offering Migrants Money To GO Back Home

Germany wants to support rejected asylum-seekers who voluntarily move back to their home countries with a one-time payment of 3,000 euros ($3,570). The Interior Ministry says those who qualify can apply by a Feb. 28 deadline and they would get the money once they return home. Migrants who agree to go back even before their asylum request is rejected have already been offered 1,200 euros per adult and 600 euros per child under a different program for almost a year. They are now eligible to apply for both programs.

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AdvTech Fraud Drops Share Price

Private education group ADvTECH’s share price dropped by 7.06% on the JSE after the group said on Friday it had uncovered incidents of fraud in the schools division. ADvTECH shares closed 3.99% lower on the JSE at the end of the day at R15.65. The group said that the fraud was perpetrated by a financial manager in the schools division head office and took place over a period of three years, beginning in 2015.

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MTN Launches Data Saver Option

MTN has launched a simple way for subscribers to block out-of-bundle (OOB) data usage, with its new “Out of Bundle Barring” service. Out of Bundle Barring is available to users via the USSD menu, by dialing *141*0# and selecting the relevent option.

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Currencies: Bitcoin R170,013 . Ether R6,942 . R/USD13.78 . R/GBP18.51 . R/EUR16.35

 

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