The DA has asked for the immediate removal of SA Airways board chair Dudu Myeni after she was accused of direct involvement in a raid on pensioners' money to prop up SAA and other bankrupt state-owned enterprises. Myeni reportedly asked the Public Investment Corporation for six-billion rand to bail out SAA.
The Kwazulu/Natal leadership elected at the disputed 2015 provincial conference has proposed a re-run to restore unity. ANC provincial chairperson Zihle Zikalala and ANC presidential contender Nkosazana Dlamini-Zuma made the announcement at a cadre meeting at Harding on the south coast
East London police have arrested a man and seized illegal drugs worth almost two million rand. Hawks spokesperson, Anelisa Feni says officers found tick, cocaine and crack cocaine hidden in the man's bathroom and safe. Police also seized equipment used to manufacture drugs. The suspect will appear in the East London Magistrate's court on Tuesday.
Public Investment Corporation CEO, Dan Matjila, says State Owned Enterprises need to clean up their acts before asking for bailouts. Matjila has been reluctant to release state pension payouts to SOE's from bankruptcy. Reacting to reports that government was trying to have him removed, Matjila said the claims had been blown out of proportion. He says the PIC only invests in profitable assets and that SOE's first need to sort out their governance and turnaround plans.
Calls have been made to the NPA to investigate reports that the Gupta family has established a network of so-called pay agents who will take over their banking. This after they lost their last link to the South African financial system in the Bank of Baroda. Gupta companies that had banked with the Bank of Baroda have until September 30 to clear their debts and close their accounts. Court records include detailed documentation of the Guptas' desperate attempt to keep their accounts open
The body of a boy believed to be in his late teens has been recovered after he went missing while swimming in the Vaal River outside Vereeniging. He and friends had reportedly jumped into the river from a bridge when he did not resurface.