The events that have unfolded in the DA have shown that Zille has more influence than Maimane. He serves at her pleasure, writes Ralph Mathekga.
Showers early. Mostly sunny. Mild.
Three safety deposit boxes containing Kruger rands and different currencies belonging to an alleged Gupta 'fixer' have been seized by the commission of inquiry into state capture, a Sunday report says.
Mathane Makgatho, testifying for the second day at the judicial commission of inquiry into state capture, said it was an 'open secret' that large amounts of cash was moving around Transnet headquarters at the Carlton Centre in Johannesburg.
The state capture commission on Wednesday heard that the cost estimates for 359 out of 1064 locomotives contracted to China South Rail by Transnet were excessive and without justifiable reasons.
Transnet Board chairperson Popo Molefe names Former CEOs Brian Molefe, Siyabonga Gama and former chief financial officer Anoj Singh as the architects of the capture at the state enterprise.
After investigating Eskom, the inquiry has turned its attention to probing allegations of fraud, corruption and kickbacks at the state-run freight rail group.
Eskom's board tender committee resolved to make a R659m pre-payment to Gupta-linked company Tegeta Exploration and Resource before Tegeta's own board signed off on approaching the power utility or a contract was in place, the state capture inquiry has heard.
Civil-society organisation Corruption Watch says it has launched an application in the High Court of Pretoria to have former Eskom board members declared delinquent.
The recent report by Parliament’s portfolio committee on public enterprises on the inquiry into Eskom paints a bleak picture of a state-owned entity where governance was allowed to disintegrate, threatening its viability.
Court papers filed by Transnet to recoup R189m in inflated payments to Gupta-linked Regiments Capital have revealed collusion by senior executives of the state-owned firm.
Following a period of investigation, the South African Institute of Chartered Accountants has decided to issue charges of misconduct against the chartered accountant and former Eskom CFO Anoj Singh.
Transnet's former group treasurer has testified that she resigned from the state-owned company in 2014 after the environment became too toxic for her to handle and she started to fear for her safety.
Two transportation companies contracted to build billions of rands' worth of locomotives for Transnet had 'no justification' for hiking costs by R1.25bn as a relocation fee, the state capture commission has heard.
Transnet is in the process of recovering billions lost by its directors and companies which benefited from irregularly awarded contracts, Chairperson Popo Molefe said.
Transnet board chair Popo Molefe says that the capture of state enterprises was a strategic operation in which key decision makers were targeted in an effort to benefit the interests of a few.
Receiving an instruction to complete a payment of R659m within just 1 hour and 22 minutes was "certainly startling", but a top official at Eskom says he and his team went along with it as the instruction came from the top of the company.
The commission of inquiry into state capture has heard testimony that Eskom's former chief financial officer, Anoj Singh, allegedly approved documents related to business financing proposals without the authority to do so.
Fin24 reflects on some of 2018's top moments within the walls of Parliament.
For three years former Transnet and Eskom chief financial officer Anoj Singh's substantial salary accumulated in his bank accounts, with no monthly payments or debit orders.
Transnet has started court proceedings to recoup R189m from its former executives and a Gupta-linked financial services company Regiments Capital over for inflated payments in the acquisition process of locomotives by the state-owned firm.
Transnet's former CFO Anoj Singh and CEO Brian Molefe either didn't apply their minds, or gave the board inadequate information on a controversial locomotive tender, argues a report by MNS Attorneys.
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