Former President Jacob Zuma’s ex-financial advisor Schabir Shaik has confirmed that he has been approached by the Hawks and asked to testify in Zuma’s trial. Shaik was convicted of corrupting Zuma in 2005‚ and sentenced to 15 years in prison. He was released on medical parole on March 3‚ 2009 after serving just over two years of that sentence. A panel of medical experts had concluded that he was terminally ill. During his trial‚ Shaik remained adamant that the hundreds of payments he made to Zuma‚ then KwaZulu-Natal Tourism MEC and later deputy president‚ were either gifts or part of a revolving loan agreement.
Gordhan Warns SARS Reshuffle Coming
The South African Revenue Service’s leadership team has no credibility and will soon be changed, according to Public Enterprises Minister Pravin Gordhan. “It’s out there in the public domain that leadership team has lost all credibility and the time for change, it should be sooner rather than later,” said Gordhan, who clashed with Moyane over the management of the tax authority when he was finance minister. Getting the revenue service right, “is not too far away,” he said.
Gupta VAT Refunds Under Question
Tax boss Tom Moyane aided possible acts of money laundering and fraud while contravening the VAT and Tax Acts when he allegedly pressured SARS officials to illegally effect three VAT payments to the Guptas into the account of a third party. Within two weeks from Oakbay Investments (Pty) Ltd director Ronica Ragavan’s first “urgent” request dated 22 May 2017, SARS paid the first of three VAT payments amounting to R70-million. Two smaller VAT payments were pushed through in July and August 2017.
Toll Road Workers TO GO On Strike
National routes across the country are expected to be affected by a toll workers strike on Monday morning. The South African Transport and Allied Workers’ Union (SATAWU) said in a statement on Sunday that its members who were employed by Intertoll Africa, a subsidiary of Group 5, will embark on a national strike on Monday from 6am. Routes affected are the N1 from South Grasmere Plaza to Free State, N4 from Magalies to Rustenburg and N2 from Mthunzini to Othangathi
ANN7 Wants Free To Air License
ICASA said it has received four applications for Individual Commercial Free-to-Air Television Broadcasting Service Licences. Among the applicants is Infinity Media Networks, the parent of former Gupta-owned news network ANN7. The company previously applied for a free-to-air TV licence in 2014, during ICASA’s last Invitation to Apply.
Gupta’s Dubai Hospital Plans Exposed
The poor in North West and Free State were fleeced to build a billion-dollar hospital for the rich in Dubai, in a plan concocted by the Gupta family. Out of the R954 charged per patient for screening by healthcare provider Mediosa, R650 was to be paid to subcontracted companies from Dubai. The money would then be funnelled into the companies’ United Arab Emirates bank accounts, from where it would be used to fund the Guptas’ new business venture: Dubai Healthcare City.
Esidimeni Hearings Could Cost R47Million
Currencies: Bcoin R102,580 . Ether R6,702 . R/USD11.98 . R/GBP16.70 . R/EUR14.72