Saturday, 17 November, 2018

South Africa's anti-graft body to investigate finance minister

Open this Open this
Ray Hunter | 10 October, 2018, 09:45

Ramaphosa stressed that Nene "has not been implicated in any act of wrongdoing himself" and hailed him as a minister who had "defended the cause of proper financial management as well as clean governance". Nene said during his testimony to the inquiry he was sacked in December 2015 for refusing to agree to Zuma's plans to spend billions of dollars on new nuclear plants.

There is no suggestion that he had done anything illegal in meeting the businessmen during his stint as deputy finance minister and finance minister in Mr Zuma's government, but he has been under intense political pressure to step down since making the admission.

After revealing the details of his own meetings, Mr Nene issued a public apology saying: "I am human too, I do make mistakes, including those of poor judgement". "I deeply regret these lapses and beg your forgiveness".

Nine years after leaving his post as governor of South Africa's central bank, Tito Mboweni is has been appointed as the nation's finance minister and faces the unenviable task of reviving an economy that's mired in recession.

The Guptas are a trio of Indian-born brothers accused of fraudulently profiting from vast government contracts and energy and transport deals under Zuma, who ruled from 2009 to 2018. Ramaphosa promised to curb corruption that has contributed to South Africa's economic problems, though critics question whether he has the will and clout to scrutinize top levels of the ruling African National Congress party ahead of elections next year.

Botes said the rand would likely trade in a range between R14.83/$ and R15.00/$ on Tuesday.

Zinedine Zidane agent casts doubt over Manchester United move
Other results: Watford 0 Bournemouth 4; Crystal Palace 0 Wolverhampton 1; Burnley 1 Huddersfield 1; Leicester 1 Everton 2. The result left United in eighth place, six points leaders Manchester City, who play Liverpool on Sunday.

The rand was 0.18 percent stronger at 14.84 per dollar at 07:10 GMT, having closed in NY at R14.86.

Jonas said he had refused and was warned he would be killed if he spoke of the proposal.

Commenting on the state capture inquiry, Ramaphosa said it was critical that the commission had the means and opportunity to effectively fulfil its mandate.

The party said his experience will put him in an advantageous position of being able to hit the ground running.

The rand gained 0.9% to R14.72/$ by 5.25pm in Johannesburg, reversing an earlier decline of as much as 1.4%.

Recommended

Michael: What we know about the deadly storm Michael: What we know about the deadly storm The storm's intensity waned steadily as it pushed inland and curled northeasterly into Georgia. It killed two people, left thousands without power, uprooted trees and destroyed the region.

Pres. Trump Hosts Ceremonial Swearing-in For Supreme Court Justice Brett Kavanaugh Pres. Trump Hosts Ceremonial Swearing-in For Supreme Court Justice Brett Kavanaugh In his speech at the ceremony, Kavanaugh said the emotional Senate confirmation process "tested" him, "but it did not change me". Immigration, firearms, and asbestos exposure cases will greet Brett Kavanaugh during his first week as a Supreme Court justice .

Women’s Commission sends notice to Nana Patekar, 3 others Women’s Commission sends notice to Nana Patekar, 3 others Nana had dismissed the allegations while a journalist and an assistant director on the film corroborated Tanushree's account. Patekar's lawyer had sent a legal notice to Dutta demanding apology.

Call to boycott ME hits social media after Collins vote for Kavanaugh Call to boycott ME  hits social media after Collins vote for Kavanaugh Her office said on Sunday that she and her offices have been provided enhanced security for weeks because of "multiple serious threats".

Forecasters: Michael quickly closing in on Category 3 hurricane Forecasters: Michael quickly closing in on Category 3 hurricane Michael has been upgraded to a Category 1 hurricane as it continues to move toward the Gulf Coast of the United States. As the Panhandle braces for major Hurricane Michael , Tropical Storm Nadine has formed in the far eastern Atlantic.

USA ambassador to UN Nikki Haley resigning; she gives no reason USA  ambassador to UN Nikki Haley resigning; she gives no reason The validity and future of Ivanka's White House role have been questioned since she joined her father's administration in 2016. We hope she'll return to government service in due course, because she's exactly the kind of leader this nation needs.

Conor McGregor Has Already Called Dana White Asking For Rematch Conor McGregor Has Already Called Dana White Asking For Rematch I think there's something being released on Netflix soon, a documentary based around that fight, and it will have all the rounds. If one guy wants to do it because he has something to gain by fighting the other guy. "It has to be a win, win, win situation".

Brett Kavanaugh confirmed to Supreme Court, despite sexual assault accusations Brett Kavanaugh confirmed to Supreme Court, despite sexual assault accusations Republicans are trying to cling to a narrow 51-49 Senate majority in congressional elections that will be held on November 6. But Democrats hope women angered at the Kavanaugh accusations will turn out in large numbers to vote out Republicans.

Trump does victory lap after bitter Supreme Court battle Trump does victory lap after bitter Supreme Court battle Earlier Monday, Trump claimed the accusations against Kavanaugh were a " hoax set up by the Democrats ". Liberal-leaning voters failed to show up-again-and Republicans took control of the US Senate, too.

Despite US sanctions, India to continue buying Iranian oil Despite US sanctions, India to continue buying Iranian oil Meanwhile, the US Energy Information Administration (EIA) reported a huge increase in weekly crude oil inventories. Novak was not alone in predicting a return to three-digit price levels last seen in 2014.

Time running out for Indonesia survivors Time running out for Indonesia survivors Marsudi says 18 countries have offered help, and agreements have been reached with some of them. "Indonesians have a big heart". Fuel remained another concern, with villagers forced to queue at pumps for more than six hours.

Turkish-Arab media group says Saudi journalist murdered Turkish-Arab media group says Saudi journalist murdered Other Turkish officials, speaking on the condition of anonymity, told outlets that they believed Khashoggi had been killed . The growing dispute over the journalist's fate threatens relations between Saudi Arabia and Turkey.

PDP Primary: Vote For A Candidate Nigerians Can Trust - Afenifere Tells PDP PDP Primary: Vote For A Candidate Nigerians Can Trust - Afenifere Tells PDP Dankwambo is a two-time governor of Gombe State, first winning by a landslide in the governorship election of April 26, 2011. He beat Aminu Tambuwal and Senate President Bukola Saraki , who scored 693 and 317 votes, respectively.

Pompeo says hopes talks with Kim in Pyongyang will lead to denuclearisation Pompeo says hopes talks with Kim in Pyongyang will lead to denuclearisation Pompeo will also visit Beijing Monday as he concludes his four-nation visit to the region. Trump promised North Korea security guarantees and "new" relations.

SpaceX launch and landing in California SpaceX launch and landing in California The California-based aerospace manufacturing company founded by Elon Musk launched its Falcon 9 rocket Sunday evening. SAOCOM 1B is planned to launch next year. "This is fantastic news", SpaceX launch commentator Tom Praderio said.