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Patrick McLaughlin: FICA may trigger end-game for Zuma

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Who is pulling President Jacob Zuma’s strings? That’s the question as Zuma drags his heels on signing the Financial Intelligence Centre Act legislation.

The law is aimed at giving the Centre huge powers to initiate investigations. It already has the right to investigate individuals based on suspicions by banks that its clients are laundering money, however it will also be able to widen its probes to bring more people into the net and undertake lifestyle audits.

Individuals close to Zuma have fiercely resisted attempts by Parliamentarians to have this law passed. Many of Zuma’s friends are known, with specific names repeatedly emerging in the public domain connection with state capture. But these friends appear unfazed by the allegations and, so far, no action has been taken in connection with claims of bribes amounting to hundreds of millions of rands – nor is action likely soon.

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