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Oakbay/Gordhan debacle a settled issue in law – Guptas lawyer

29th March 2017 Oakbay Investments on Wednesday told the high court in Pretoria that there was no need for Finance Minister Pravin Gordhan to seek a declaratory order relating to the Gupta-owned entity’s wrangle with South Africa’s major banks. “The Supreme Court of Appeal held that even a court does not have... 

Gupta entity wanted Gordhan’s ‘unlawful’ intervention

29th March 2017 Oakbay Investments, owned by the controversial Gupta family, sought Finance Minister Pravin Gordhan to intervene illegally in its dispute with top South African banks, the High Court in Pretoria heard on Wednesday. Advocate Vincent Maleka, representing Standard Bank, told a full bench of judges... 

Hawks probe into Gordhan, rogue Sars unit not finalised

29th March 2017 The police investigation into the so-called rogue unit at the South African Revenue Service (Sars) when Finance Minister Pravin Gordhan was at the helm of the institution is yet to be finalised, National Prosecuting Authority (NPA) boss Shaun Abrahams said on Tuesday. Abrahams and his team was... 

Presidency explains Zuma involvement in Pravin court matter

29th March 2017 The Presidency on Wednesday moved to explain why President Jacob Zuma’s lawyers were present at the high court in a matter in which finance minister, Pravin Gordhan, is seeking a declaration that he has no legal right to intervene in matters between banks and their clients. In a statement the... 

Moyane says complaints about Sars damaging the economy

28th March 2017 South African Revenue Service commissioner Tom Moyane told MPs on Tuesday that attacks on the organisation were damaging the South African economy as it had led to lower levels of tax compliance. “Those who launch unwarranted attacks on Sars should know that they are impacting negatively on our... 

City launches R88m project to fix potholes

28th March 2017 Johannesburg executive mayor, Herman Mashaba, on Tuesday launched a R88-million project to address the pothole repair backlog in the city. Addressing the launch in Ivory Park, Midrand, Mashaba said the City had provided R88-million additional funding to the Johannesburg Roads Agency (JRA) in the... 

South Africa signs memorandum of understanding on defence with Pakistan

28th March 2017 South African Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula signed a memorandum of understanding (MoU) with Federal Minister for Defence of Pakistan Khawaja Muhammad Asif, her department said on Monday. The MoU on “Defence and Defence Industrial Cooperation” establishes a Joint... 

SAA losses climb to R4.5bn

27th March 2017 The losses of the already cash-strapped South African Airways (SAA) has rapidly increased to R4.5-billion, documents submitted to Parliament’s standing committee on Finance revealed. “This new figure of R4.5-billion is significantly higher than the R3.5-billion revealed ten days ago and the... 

Zuma orders Gordhan home from UK talks with investors

27th March 2017 President Jacob Zuma on Monday ordered Finance Minister Pravin Gordhan and Deputy Finance Minister Mcebisi Jonas to abandon talks with foreign investors in the UK and US and return home, prompting the rand to fall amid fears of a Cabinet reshuffle. “President Jacob Zuma has instructed the... 

DTI optimistic about R4bn titanium beneficiation project in Richards Bay IDZ

27th March 2017 The launch of a new R4-billion titanium beneficiation project for manufacturing titanium pigment at the Richards Bay Industrial Development Zone (IDZ) next month is a significant and commendable milestone in South Africa’s mineral beneficiation and industrialisation paths, Trade and Industry... 

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