SA: Ramaphosa half million in sofa

Brussels 01.12.2022 South Africa is facing deep political turmoil and corresponding uncertainty across markets amid growing calls for President Cyril Ramaphosa to step down over an emerging bizarre scandal centered on the alleged theft of $580,000. Cyril Ramaphosa was propelled to South Africa's highest office on a promise to tackle corruption. Now he's embroiled in…

Zuma avoided empeachment

South Africa’s top court ruled that parliament failed to hold President Jacob Zuma to account in a scandal over multi-million-dollar upgrades to his private home, in a decision that intensified opposition calls for the president to be impeached. The Constitutional Court rules that Parliament failed to hold President Jacob Zuma to account, while Chief Justice…