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Sibongile Khumalo

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Sibongile Khumalo

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Survé, testifying before the commission for two days last week, had said that AYO had done nothing wrong and the PIC’s R4.3bn investment was sound.(Lerato Maduna/Gallo)

Ayo financial tampered with on Survé’s instruction, says ex-chief exec

​Former AYO Technology Solutions CEO, Kevin Hardy, has testified that businessperson Iqbal Survé interfered in the running of the technology company

$3.05-billion of the loan was dedicated to completing the Medupi coal-fired power station in Limpopo. (Madelene Cronje/M&G)

Eskom’s Medupi and Kusile to cost R36bn to complete, will not be halted — Mabuza

​Construction on the issue-ridden Medupi and Kusile power stations, which began in 2007 and 2008, will go ahead

Survé told the commission that this was the fault of media competitors who sabotaged the listing of Sagarmatha Technologies and “blatantly put negative propaganda in the public space”. (Lerato Maduna/Gallo)

Survé compares Sagarmatha to Uber, says it would have been valued at $10bn

Iqbal Survé, on Tuesday claimed that bad press from rival media houses scuppered the listing of Sagarmatha Technologies on the JSE and the NYSE

Iqbal Survé’s Sekunjalo Investment Holdings denies it owes the PIC more than R1-billion it used to acquire the media group. (Delwyn Verasamy/M&G)

Survé set to testify at PIC inquiry

Survé is expected to testify after Kuben Naidoo, the deputy governor of the South Africa Reserve Bank

On Thursday, Zondo also said Van Rooyen had been given the green light to give evidence himself before the commission. (Oupa Nkosi/M&G)

Zondo grants Van Rooyen leave to cross-examine Fuzile

During his testimony in 2018, former treasury director general said Van Rooyen arrived at treasury with a "pre-appointed adviser" in Mohamed Bobat

Inadequate rail capacity has pushed more trucks, and costs, onto municipal roads, which are steadily deteriorating. (Waldo Swiegers/Bloomberg/Getty Images)

Transnet issues summons to top former execs

Popo Molefe says Transnet is reviewing the controversial contracts for 1064 locomotives, saying the company did not need all the trains

Former South African Revenue Service commissioner Tom Moyane appointed KPMG to investigate the allegations of a so-called ‘rogue unit’ in Sars. (Paul Botes/M&G)

Court dismisses Moyane’s bid to overturn his dismissal

The Pretoria high court has ruled President Cyril Ramaphosa may appoint a new Sars commissioner

Moyane has stated that Ramaphosa violated his rights and acted unfairly by rushing to fire him before his disciplinary process was concluded. (David Harrison/M&G)

D-day for Moyane as court to decide his fate

Ramaphosa fired Moyane on November 1, based on the recommendation in a damning interim report from the Nugent commission

‘It is clear from the foregoing exposition that Mr Trengove is in an irredeemable conflict of interest situation and should therefore not be involved in this matter at all,’ read Moyane’s submission. (Delwyn Verasamy/M&G)

Court turns down Moyane’s bid to have Trengove recused

Moyane’s legal team, led by Dali Mpofu, brought the application asking for the recusal before the court could hear the case

The inquiry is investigating tax administration and governance problems at Sars between April 2014 and March 2018, when Tom Moyane was commissioner. He has been suspended. (David Harrison/M&G)

Moyane in court in bid to have dismissal overturned

His urgent application will see him argue that his dismissal by President Cyril Ramaphosa was unfair and unconstitutional

Mkhwebane’s 2017 report, which separately recommended a review of the Reserve Bank mandate, caused market jitters with a R1.3-billion sell-off in government bonds, according to Hofmeyr’s submission. (Madelene Cronje/M&G)

Personal cost order will set bad precedent for public office, PP tells ConCourt

Mkhwebane is fighting a court order which ruled she was liable for part of the legal costs incurred by the Reserve Bank in the Bankorp matter

‘Matjila is not the PIC. The inquiry will go ahead as planned,’ says PIC board chair Mondli Gungubele (Delwyn Verasamy/M&G)

Gungubele: PIC inquiry to go ahead

The departure of Dan Matjila will not hinder the commission of inquiry tasked with probing allegations of maladministration in the PIC

Momentum initially defended its decision to decline Ganas’s death claim by saying, had it been aware of his blood sugar levels, ‘no cover would have been issued in the first place’.

Momentum sticks to its guns despite outrage over R2.4m life policy claim

The insurance group rejected Nathan Ganas’s policy claim after it was discovered he had high blood sugar levels

Transnet square.

Court papers show Transnet executives ‘colluded fraudulently’

​Court papers filed by Transnet to recover R189m in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior execs

Siyabonga Gama was dismissed as chief executive of Transnet in October. (Delwyn Verasamy/M&G)

Court papers show Transnet execs ‘colluded fraudulently’

Four executives, including Siyanbonga Gama, are said to have colluded to cause Transnet to make inflated payments to a Gupta-linked company

The airline said it welcomed Ramaphosa’s assurances that it would remain in business. (Getty)

SAA seeks to allay shutdown fears

The national carrier has moved to assure customers and suppliers that it would not be ‘shut down or sold’

AG Kimi Makwetu. (Lisa Hnatowicz/Beeld)

Auditor General: Irregular spend at ‘all-time high’

According to Makwetu, irregular expenditure at local government has accelerated

Commenting on the calibre of a possible Nene replacement, Mike Brown said it would be important to find someone who “acts with honesty and integrity”. (Delwyn Verasamy/M&G)

Basa: Nene fears worsening ‘jittery’ markets

It was​ reported earlier on Monday that Nene had asked President Cyril Ramaphosa to relieve him of his duties

“I said to them ‘you cannot milk the industry which is already on its knees’,” Mantashe told delegates. (Gallo Images)

Mantashe: Leave mining out of sovereign wealth fund plans

Mantashe said the idea was raised in the ruling party circles in the late stages of the drafting of the Mining Charter

Press freedom in Nigeria is limited and journalists are under threat for reporting on politics and terrorism. (Reuters)

Bain back in hot seat as SARS inquiry resumes

Bain & Company has admitted that its work may have been used to ‘further a political or personal agenda’