A bribes-for-contracts scandal involving Neotel and Transnet should be referred to law enforcement for further action, the state capture commission has recommended.
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The SIU is going after members of the Gupta family, and former Eskom executives, board members and other associates in an effort to recoup R3.8-billion that the power utility lost when the Gupta family acquired Optimum Coal.
McKinsey & Co has apologised to South Africa again over how business was handled with state-owned Eskom, saying it overcharged the utility and was slow to admit wrongdoing. The consulting firm admitted
South Africa’s central bank has recommended rejecting a bid to buy Habib Overseas Bank’s local unit because of concerns about the source of the two businessmen’s income and tax declarations