South African Finance Minister Nhlanhla Nene said to a corruption inquiry that former President Jacob Zuma pressured him to agree to a massive nuclear power deal with Russian Federation to be delivered to President Vladimir Putin in 2015.
Nene refused to approve the construction of eight nuclear reactors, which would have the capacity to generate 9,600 megawatts of energy. The costs of the project, promoted by Zuma, would have been “astronomical,” he said in his statement.
The South African chief prosecutor Shaun Abrahams announced the state will reinstate fraud and corruption charges against former President Jacob Zuma for the case relating to a 30 billion rand ($2.5 billion) arms deal in the late 1990s.
The decision follows the ruling by the Supreme Court of Appeal which set aside the 2009 decision to withdraw the case against the former President.
A team of five senior state prosecutors spent four weeks studying Zuma’s reasons if there are sufficient grounds to pursue him, after submitting the information at the end of January.
Abrahams announced two weeks ago that he had received a recommendation from the team and was ready to make the announcement, which is made public on 16th of March.
Cyril Ramaphosa has been elected as South Africa’s President in a parliamentary vote on Thursday (15.02.2018) after scandal-ridden Jacob Zuma resigned on orders from the ruling African National Congress.
South Africa’s main stock market index jumped nearly 4% putting it on track for its biggest one-day gain in more than two years as investors welcomed Zuma’s resignation after nine years in office plagued by corruption allegations.
South Africa’s main stock market index jumped nearly 4 percent, putting it on track for its biggest one-day gain in more than two years as investors welcomed Zuma’s resignation after nine years in office plagued by corruption allegations, Reuters agency reports.
However the question remains how Cyril Ramaphosa – the closest ally of plagued with corruption accusations Jacob Zuma, – will change the existing practices and put and “drain the swamp” if he has been for a part of the system.
South Africa President Jacob Zuma said to SABC news that he had offered to go after June, but objected to the way the issue has been handled, underlining that he was not defying the African National Congress (ANC) party, but he disagreed with its decision to ask him to resign.
“It was very unfair to me that this issue is raised,” Mr.Zuma said. “Nobody has ever provided the reasons. Nobody is saying what I have done.”
Mr Zuma’s decision to keep a grip on power has put him at odds with South Africa’s deputy president Cyril Ramaphosa, the ANC’s new leader and his expected successor.
The raid by the Hawks police unit on the family home of the Guptas have been launched day after the ruling African National Congress (ANC) ordered Zuma to step down as head of state after nine years in office dogged by scandal and a stagnant economy.
A dozen heavily armed tactical police blocked off a street leading to the Gupta home in Johannesburg. Police regards the place as a “crime scene”.
Zuma and the Guptas – a family the Indian-born mogul – deny any wrongdoing. However a Gupta brother and a business associate have been arrested by the Hawks. Other family members have agreed to hand themselves over to police.
The Hawks arrested members of the family who they consider to be flight risks. According to different sources recently Atul Gupta became the seventh-wealthiest person in South Africa, with an estimated net worth of more than USD700 million.
South Africa’s ruling African National Congress (ANC) has formally asked President Jacob Zuma to resign, according to senior party officials.
The decision to “recall” him “urgently” followed ANC marathon talks on the issue.
Mr Zuma, 75, agreed to step down, but only in the next three to six months, the official added, fueling a suspicion he is maneuvering in attempt to win time, postponing his departure.
Mr Zuma, who has been in power since 2009, has been dogged by corruption allegations. Current crisis is not the first one in his long political career, until present Mr.Zuma has been able to overcome all of them, and stayed as the head of state. Life at brink became his modus vivendi, further degrading the situation in the country lacking genuine political leadership and vision of future.
In a warehouse in Cape Town docks on Saturday 17 February the art world will enjoy a thrilling event of a contemporary African art auction, organised by
Art collectors, curators, critics and artists will stream to the Cruise Terminal at the V and A Waterfront to try their chance to acquire an African masterpiece. There will be well established names: as Ayanda Mabulu, whose pieces were bought by President Jacob Zuma, and many other artists, who has not reached zenith yet such as Patrick Bongoy from the Democratic Republic of Congo (DRC), Blessing Ngobeni and Mongezi Ncaphayi. Hopefully some of the artefacts will be purchased by Museums to remain in direct contact with general public. However, as art experts say, any remarkable private collection trend to become public if reaching a certain level of quality and amount of artefacts.