BizBriefing: ANC heavyweight Ace Magashule nailed for graft; Zondo; B4SA warns against lockdown; Moz corruption
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* An arrest warrant has been issued for Ace Magashule, one of the ANC’s top-ranking officials.
* Magashule’s arrest comes as evidence at the Zondo commission of inquiry continues to highlight industrial scale corruption at state entities, with the son of Jacob Zuma, Duduzane, and the Gupta family in the spotlight as well as individuals who had their snouts in the feeding trough before Zuma became president.
* In other news about corruption crackdowns in Africa, Mozambique ex-Finance Minister Manuel Chang has been charged for his involvement in the country’s $2 billion hidden-debts scandal that has already seen three former Credit Suisse Group AG bankers plead guilty to crimes in the US.
* SA business leaders are urging against stricter lockdown, pointing to the devastating consequences of earlier lockdowns to the economy and also the health of many who went without medical care to make way for Covid-19 patients. B4SA paints a grim picture of what’s likely to happen to businesses and jobs if there is a return to rules imposed earlier this year. It warns that at least another 200,000 jobs will be lost as the economy contracts in double-digit figures. For more on that, see BizNews.com Learn more about your ad choices. Visit megaphone.fm/adchoices
* Magashule’s arrest comes as evidence at the Zondo commission of inquiry continues to highlight industrial scale corruption at state entities, with the son of Jacob Zuma, Duduzane, and the Gupta family in the spotlight as well as individuals who had their snouts in the feeding trough before Zuma became president.
* In other news about corruption crackdowns in Africa, Mozambique ex-Finance Minister Manuel Chang has been charged for his involvement in the country’s $2 billion hidden-debts scandal that has already seen three former Credit Suisse Group AG bankers plead guilty to crimes in the US.
* SA business leaders are urging against stricter lockdown, pointing to the devastating consequences of earlier lockdowns to the economy and also the health of many who went without medical care to make way for Covid-19 patients. B4SA paints a grim picture of what’s likely to happen to businesses and jobs if there is a return to rules imposed earlier this year. It warns that at least another 200,000 jobs will be lost as the economy contracts in double-digit figures. For more on that, see BizNews.com Learn more about your ad choices. Visit megaphone.fm/adchoices
