South Africa's prosecuting authority, the National Prosecution Authority, has frozen millions of dollars' worth of assets belonging to two syndicates implicated in one of the biggest corruption scandals at Tembisa Hospital, in the Gauteng province. The move follows forensic probes that uncovered how bribes, bogus bids and manipulated contracts robbed the public health system of hundreds of millions of dollars. Dimakatso Leshoro filed this report...

South Africa's prosecuting authority,&nbsp;the National Prosecution Authority, has frozen&nbsp;millions of dollars' worth of assets belonging to two syndicates implicated in one of the biggest corruption scandals at Tembisa Hospital, in the Gauteng province. The move follows forensic probes that uncovered how bribes, bogus bids and manipulated contracts robbed the public health system of hundreds of millions of dollars. Dimakatso Leshoro filed this report...

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

South Africa's prosecuting authority freezes millions of dollars' worth of assets belonging to two syndicates implicated in a corruption scandal at Tembisa Hospital

Kenya has requested financial assistance from the World bank to help with the shocks to its economy, resulting from the US Iran conflict. According to reports, East Africa's largest economy is one of at least 12 countries on the continent that have reached out to the international financial institution for assistance to handle the turbulence resulting from the war. Besides seeking the loan, Kenya has cut fuel taxes from 16 per cent to eight per cent over the coming three months to cushion the blow to  consumers, but will this be effective enough?For more on this, Thami Ngubeni spoke to Fred Ogollo, Kenyan economist

Kenya has requested financial assistance from the World bank to help with the shocks to its economy, resulting from the US Iran conflict. According to reports, East Africa's largest economy is one of at least 12 countries on the continent that have reached out to the international financial institution for assistance to handle the turbulence resulting from the war. Besides seeking the loan, Kenya has cut fuel taxes from 16 per cent to eight per cent over the coming three months to cushion the blow to &nbsp;consumers, but will this be effective enough?For more on this, Thami Ngubeni spoke to Fred Ogollo, Kenyan economist

Kenya has requested financial assistance from the World bank

Sakeliga and the National Employers’ Association of South Africa (NEASA) have filed an application in the Constitutional Court for leave to appeal the High Court’s refusal to urgently interdict South Africa’s newly implemented Employment Equity quotas.

 

Sakeliga and NEASA argue that if the Constitutional Court refuses leave to appeal, businesses could face immediate enforcement action by the Department of Employment and Labour and the International Trade Administration Commission (ITAC), which already requires Employment Equity compliance certificates for trade‑ and tariff‑related processes. For more on this, we are joined on the line by Jaco Swart, National Manager at the National Employers’ Association of South Africa (NEASA).

Sakeliga and the National Employers&rsquo; Association of South Africa (NEASA) have filed an application in the Constitutional Court for leave to appeal the High Court&rsquo;s refusal to urgently interdict South Africa&rsquo;s newly implemented Employment Equity quotas.
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Sakeliga and NEASA argue that if the Constitutional Court refuses leave to appeal, businesses could face immediate enforcement action by the Department of Employment and Labour and the International Trade Administration Commission (ITAC), which already requires Employment Equity compliance certificates for trade‑ and tariff‑related processes. For more on this, we are joined on the line by Jaco Swart, National Manager at the National Employers&rsquo; Association of South Africa (NEASA).

Sakeliga and NEASA take the fight against newly implemented Employment Equity quotas to the Constitutional Court

South Africa’s national carrier, South African Airways, is set for another leadership transition following the resignation of its Group Chief Executive Officer, Professor John Lamola. His departure comes at a critical time for the airline, which has been rebuilding after business rescue and working to regain its footing in a highly competitive global aviation market.

For more on this, we now speak to aviation analyst Dr Guy Leitch.

South Africa&rsquo;s national carrier, South African Airways, is set for another leadership transition following the resignation of its Group Chief Executive Officer, Professor John Lamola. His departure comes at a critical time for the airline, which has been rebuilding after business rescue and working to regain its footing in a highly competitive global aviation market.
For more on this, we now speak to aviation analyst Dr Guy Leitch.

South Africa's prosecuting authority freezes millions of dollars' worth of assets belonging to two syndicates implicated in a corruption scandal at Tembisa Hospital

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