On Tuesday‚ Gigaba and home affairs director-general Mkuseli Apleni provided feedback at a media briefing following meetings the pair had with the Parliamentary portfolio committee on home affairs to answer questions over the Guptas’ naturalisation. At the briefing‚ Gigaba said Atul was not a South African citizen — but a copy of Atul’s passport‚ which was among the tranche of #GuptaLeaks e-mails‚ lists Atul as “South African” under the “Nationality” section. Non-citizens cannot apply for passports.
ANC To Re-table Banks Nationalisation Motion
The ANC intends to re-table a Parliamentary motion to nationalise the SA Reserve Bank by doing away with its private shareholders. On Tuesday, just hours before it was set to be heard, the ANC withdrew its initial motion to debate the nationalisation of the bank. In a media statement issued after the motion was withdrawn, the ANC affirmed its “intent to re-table the motion which will be fully aligned with the outcomes of its 54th National Conference on the Reserve Bank”.
Spotify To Launch In SA This Month
On Tuesday, Spotify sent out an e-mail, effectively confirming the launch, saying: “Spotify has some news to share. Please join us on Tuesday March 13 to catch all the details.” Spotify offers tiers of music streaming — from free to premium at $10 a month — and says that it controls 42% of the global music-streaming market, which it claims is double that of its closest rival, Apple Music.
Firstrand To Enter UK Market Through Aldemore
A nine-year-old challenger bank with no branch network, Aldermore, for which FirstRand paid £1.1bn in 2017, gives the banking group a lending and deposit franchise in the world’s sixth largest economy. FirstRand will launch transactional banking through Aldermore, chiefly to attract more deposits. These will be used to fund its vehicle finance business MotoNovo, which is to be integrated within Aldermore as a separate pillar.
Telco’s Blame Govt For R80bn Industry Loss
The telecommunications industry in South Africa lost R80 billion in market cap last year due to policy and regulatory uncertainty, said Vodacom CEO Shameel Joosub. Vodacom said the department’s update of the draft Bill failed to incorporate the outcomes of several discussions the department had with industry players over the past year. “We have R100 billion that we’ve invested into our network. If we have to return the spectrum, it becomes expropriation. That investment becomes useless,” said Joosub.
US Govt Offers $533Million In New Famine Aid
Secretary of State Rex Tillerson announced $533 million in new aid to fight famine in East Africa and the Lake Chad region. The funds will provide emergency food and nutrition assistance to people in Ethiopia, Somalia, South Sudan and countries around Lake Chad, Tillerson said Tuesday. Also included are medical supplies, better sanitation and emergency shelter, the State Department added in a statement.
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