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Teta-Oakbay liquidation matter settled

Tegeta Exploration and Resources has withdrawn its application to liquidate the Gupta family’s Oakbay Investments, the business rescue practitioners confirmed on Friday. Business Day reports that Tegeta encompasses four of eight Gupta-linked companies which were placed in business rescue in ...

Struggling Free State municipalities probed

The Zondo Commission into State Capture looks set to shift focus to corrupt municipalities after its legal team sent a letter last week to the struggling Matjhabeng Local Municipality requesting that its investigators be furnished with the municipality’s financial records ...

World Bank blacklists South Sudan company

The World Bank has sanctioned a South Sudan construction and general trade company for 15 months over allegations of corruption relating to the Uganda Teacher and School Effectiveness Project. The East African reports that the $33m project that landed the ...

World Bank blacklists South Sudan company

The World Bank has sanctioned a South Sudan construction and general trade company for 15 months over allegations of corruption relating to the Uganda Teacher and School Effectiveness Project. The East African reports that the $33m project that landed the ...

Arts funding scandal unpacked

Ladysmith Black Mambazo was allocated R36m over three years to teach traditional Zulu song and dance – and to make an album with former President Jacob Zuma. City Press reports that this is among the questionable funding deals, amounting to ...

France approves tax Bill targeting tech giants

France’s National Assembly has approved a digital tax Bill known as the GAFA Tax, an acronym for Google, Apple, Facebook and Amazon, that will charge the companies a 3% tax on digital revenue earned in France. A Jurist report notes ...

Department rejects paying ‘ghost pensions’

Kenya’s Pensions Department has accused Auditor-General Edward Ouko of misrepresenting facts by saying $69m was paid to ghost retirees. In a report tabled at the National Assembly, Ouka said individuals at the National Treasury may have taken advantage of the ...

SIU to probe alleged Magashule link in dodgy tender

A R255m Free State government deal that dates back to 2014 bears the fingerprints of then Free State Premier and current ANC secretary-general Ace Magashule. A new proclamation signed by President Cyril Ramaphosa means the Special Investigating Unit will finally ...

France approves tax Bill targeting tech giants

France’s National Assembly has approved a digital tax Bill known as the GAFA Tax, an acronym for Google, Apple, Facebook and Amazon, that will charge the companies a 3% tax on digital revenue earned in France. A Jurist report notes ...

R1.3bn forked out in Steinhoff advisory fees

Steinhoff International forked out another R1.3bn in advisory fees as it continued to repair the damage caused by a massive accounting fraud that unfolded in December 2017. A Business Day report says the third set of financial statements to be ...

Kenya department rejects paying ‘ghost pensions’

Kenya’s Pensions Department has accused Auditor-General Edward Ouko of misrepresenting facts by saying $69m was paid to ghost retirees. In a report tabled at the National Assembly, Ouka said individuals at the National Treasury may have taken advantage of the ...

R1.3bn forked out in Steinhoff advisory fees

Steinhoff International forked out another R1.3bn in advisory fees as it continued to repair the damage caused by a massive accounting fraud that unfolded in December 2017. A Business Day report says the third set of financial statements to be ...

Former MDC lawmaker to serve on anti-graft body

President Emmerson Mnangagwa has sworn in former MDC lawmaker Jessie Majome as a commissioner for the Zimbabwe Anti-Corruption Commission (ZACC). A report on the allAfrica site notes that Majome who fell out of favour with her party following her decision ...

Former MDC lawmaker to serve on anti-graft body

President Emmerson Mnangagwa has sworn in former MDC lawmaker Jessie Majome as a commissioner for the Zimbabwe Anti-Corruption Commission (ZACC). A report on the allAfrica site notes that Majome who fell out of favour with her party following her decision ...

France approves tax Bill targeting tech giants

France’s National Assembly has approved a digital tax Bill known as the GAFA Tax, an acronym for Google, Apple, Facebook and Amazon, that will charge the companies a 3% tax on digital revenue earned in France. A Jurist report notes ...

Amazon, Microsoft to battle for ‘Pentagon war cloud’

A judge has cleared the way for a showdown between tech giants Amazon and Microsoft to provide a $10bn computing contract that has been called the ‘Pentagon war cloud’, according to a report in The Independent. The companies, both based ...