As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
Sprinkles early. Morning clouds. Mild.
Minister of Public Enterprises Pravin Gordhan did not mince his words when defending himself against what he called public attacks on him from Mantsha.
The High Court in Johannesburg has thrown out an urgent application by the National Union of Metalworkers of SA to try and prevent the sale of assets of VR Laser Services.
The liquidators of the infamous Aurora Empowerment Systems have launched a sequestration application against Aurora director Thulani Ngubane after he resurfaced to make a “strikingly similar” bid to take control of the Gupta-linked VR Laser.
Iqbal Sharma, chairperson of the Transnet board's acquisitions and disposals committee had a conflict of interest in the tender to build 1 064 locomotives, according to a report by MNS Attorneys.
Gupta-owned VR Laser has been running on borrowed money for years and employing unconventional accounting to downplay losses.
It will be an anxious week for 300 employees of VR Laser (VRL).
Denel’s decision to cut ties with VR Laser sends a message of the commitment by state owned enterprises to good governance, says Finance Minister Malusi Gigaba.
Denel is fighting perceptions created by fake news, says its board chair Daniel Mantsha, insisting the company has not been captured by anyone, including the Gupta family.
Finance Minister Malusi Gigaba has reportedly put halted a multi-billion transaction between state-owned arms manufacturer Denel and Gupta-linked VR Laser Asia.
DA MP Natasha Mazzone has asked the auditor general to explain why state-owned entity Denel received an unqualified audit, while it contravened the Public Finance Management Act.
A last-ditch attempt to stop the winding down of the Gupta family’s VR Laser was squashed in court this week, clearing the path for its business rescue practitioners to auction off the company’s machinery.
The National Union of Metalworkers of SA is heading to the high court to try and save the jobs of its members by preventing the sale of assets of VR Laser.
The premises of VR Laser Services, one of eight Gupta family-owned companies under business rescue, have been gutted, according to the company’s recently departed financial manager Claire Tomsett.
‘Fake’ and ‘absurd’ offer of R250m to buy firm out of business rescue collapses.
The offer came minutes before creditors for the Boksburg-based engineering company were about to vote for liquidation.
Civil rights body OUTA has lodged complaints of fraud and corruption with police against Denel chairperson Dan Mantsha over his alleged involvement in state capture.
Treasury has provided a detailed timeline of its correspondence with Denel regarding its Asia venture.
National Treasury has asked a court to dismiss Denel's application in which it sought the court to force Treasury's hand to stamp its joint venture with Gupta-linked VR Lazer Asia.
VR Laser's CEO has declined to comment on the Bank of China's decision to sever ties with the company.
Reports indicate that Treasury will take legal action against Denel over a deal with VR Laser, despite Denel saying it has "closed its books" on the matter.
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