Fidelis Madavo says he’s being scapegoated in the corruption scandal that has gripped South Africa’s biggest money manager. And now he says there are documents to prove his contention.
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President Cyril Ramaphosa said his administration’s drive to turn the economy around will be protracted and is being frustrated by the rapid spread of the coronavirus.
Cosatu expects a plan that it’s proposing to save Eskom from its debt burden to be ready within weeks, said the labour federation’s parliamentary coordinator.
The PIC has dismissed the executive head of listed investments Fidelis Madavo for gross misconduct in the controversial R4.3-billion deal involving Ayo Technology Solutions.
The leadership of the ANC called an emergency meeting to discuss the government’s plans to curb its wage bill – a move that has angered its trade union allies.
Finance minister Tito Mboweni will present the 2020 national budget in parliament on Wednesday, starting at 2pm. Watch the livestream of the minister’s speech here.
The management of the South African Post Office has been instructed to review all of the company’s contracts to ensure they are still relevant to the business requirements.
SAP Africa’s head said the German software company is battling to complete investigations after allegations its employees paid kickbacks for government business in East and Southern Africa.
Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.
President Cyril Ramaphosa announced sweeping changes to the nation’s electricity industry to address energy shortages and reduce reliance on debt-stricken state power utility Eskom.