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Unpacking Zuma’s third day at state capture inquiry

CNBC Africa's Karabo Letlhatlha has been closely following the testimony of South Africa's former president Jacob Zuma over the past three days. He gives more insight on what unfolded on day three of Zuma’s testimony....

Day 3 highlights of Jacob Zuma’s testimony at Zondo inquiry

CNBC Africa brings you all the highlights from Day 3 of former President Jacob Zuma’s testimony at the Commission of Inquiry into State Capture, during which he felt the heat after being asked questions relating to former Public Enterprise Minister Barbara Hogan’s testimony....

Zuma on claims of vilification

Former South African president Jacob Zuma finally took the stand today at the Zondo Conmission on State Capture in Johannesburg. His opening speech to the commission was the keynote of the day in which he claimed there was a campaign to vilify him and remove him from ANC structures. CNBC Africa's Yolanda Mabanga filed this special report.

Day 1 highlights of Jacob Zuma’s testimony at Zondo inquiry

CNBC Africa brings you all the highlights from Day 1 of former President Jacob Zuma’s testimony at the Commission of Inquiry into State Capture, during which he made it clear his comrades were out to get him, discussed spies and Johann Rupert....

Guptas and midnight contracts castigated in Eskom shake up

It didn't take long for the name of the notorious Gupta brothers – who once made millions selling coal in South Africa with questionable contracts – to be dragged into the big shake up at Africa’s biggest power generator.

#StateCaptureInquiry: Zuma fired me for refusing to approve Gupta deals – Nhlanhla Nene

South Africa’s Finance Minister Nhlanhla Nene was giving testimony at the State Capture Commission of Inquiry.

SA Treasury to deal with African investment fund Public Investment Corporation

Ministry of Finance outlines the process to be followed.

McKinsey is open to discuss interest repayments with Eskom

On Friday Africa’s largest electricity supplier, Eskom finalised a settlement agreement with McKinsey for R1 billion ($74 million).

McKinsey to pay back R1bn to Eskom, Trillian not part of deal

As Trillian was not party to the settlement, Eskom will continue to pursue the recovery of the remainder of the payments made to Trillian through the legal review process that was launched earlier this year.

South African court grounds Gupta jet in case brought by Canadian credit agency

South Africa’s High Court ruled on Monday that a luxury jet leased by the Gupta family, friends of ousted president Jacob Zuma, should be...

South Africa’s auditing regulator refers KPMG to disciplinary hearing

South Africa's Independent Regulatory Board for Auditors (IRBA) has referred KPMG to a disciplinary hearing following an investigation of its work for Linkway Trading,...

South Africa’s anti-graft watchdog says minister misled parliament

A South African minister inadvertently misled parliament when she said a local consultancy firm linked to business friends of former President Jacob Zuma had...

Atul Gupta challenges South African asset freeze

Atul Gupta, one of three Gupta brothers being investigated for corrupt links to ousted South African president Jacob Zuma, is challenging a court order freezing 10 million rand ($859,025) in his bank account,

South African police raid Gupta home, pressure cranks up on Zuma

Heavily armed South African police raided the luxury home of the Gupta family on Wednesday as part of a probe into allegations the three...

Scandal-hit KPMG South Africa appoints new chairman

The South African arm of global audit firm KPMG said on Wednesday it had appointed veteran public servant and former chairman of the Development...

Lord Hain accuses Hogan Lovells of propping up state capture

Hogan Lovells describes Lord's Hain's accusations as unfounded,

Deputy Chief Justice Raymond Zondo to head commission into state capture in SA

“I am concerned that this matter has occupied the public mind for some time now and deserves urgent attention,” Zuma said in a statement.

Canada cancels loan to South Africa’s Gupta family for Bombardier jet purchase

Canada’s trade financing agency Export Development Canada (EDC) said on Thursday it has scrapped a deal to help finance the sale of a Bombardier...

Helen Suzman Foundation, Magda Wierzycka join forces to bring Eskom to book

High Court in Pretoria, called on to set aside a series of unlawful, improper and/or corrupt exercises of public power and to recover all of the proceeds of this activity, totalling several billion rand, for the benefit of the South African fiscus.

SA’s Zuma abused judicial process with watchdog report challenge, says court

South Africa’s High Court ruled on Wednesday that an inquiry into alleged state influence-peddling in President Jacob Zuma’s government should be established as recommended...

South Africa’s Zuma again denounces “monopoly” white economic power

South African President Jacob Zuma reiterated a call on Monday for radical reforms to shift the balance of “monopoly” economic power away from whites...

South Africa’s Eskom not insolvent but facing cashflow trouble

South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble”...

Two books that tell the unsettling tale of South Africa’s descent

Anton Harber | University of the Witwatersrand South Africa has produced two must-read thrillers in the past week. They are non-fiction, yet are as gripping and...

Op-Ed: South Africa shows why collaboration is key to tackling global crime networks

Peter Hain | University of the Witwatersrand Lord Peter Hain tabled a series of allegations in the UK’s House of Lords relating to the possible role...

South Africa’s Zuma denies receiving kick-backs

South Africa’s scandal-prone President Jacob Zuma told lawmakers on Thursday that he had received no payments from private companies or individuals during his tenure. “I...

Lawmaker calls for probe of UK bank’s ties in South African money laundering case

British lawmaker Peter Hain said on Wednesday he has asked finance minister Philip Hammond to refer an unidentified UK bank to regulators for an...

African Rainbow Minerals fires KPMG as auditor

South African miner African Rainbow Minerals dropped KPMG as its auditor on Monday, joining a host of other local companies breaking ties with the...

McKinsey ’embarrassed’ by failings in South Africa scandal

McKinsey said on Tuesday it was embarrassed by errors it made while working with South African utility Eskom on a 1.6 billion rand ($120...


Why business should not throw in the towel in the face of COVID-19

“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”

SA extends lockdown by two weeks until end April

South Africa's President Cyril Ramaphosa on Thursday evening extended the country's lockdown by two weeks until the end of April to slowdown...

COVID-19: Trump hold on finances would hurt our work in Africa – WHO.

"If that decision is made it would severely impact our work here in Africa,” says Moeti.

Update on Rupert family’s R1bn COVID-19 fund

This week Johann Rupert’s R1billion Sukuma fund had to close doors on desperate small businesses wanting help to fight the impact of COVID-19 lockdowns.

World Bank considers debt relief for Africa to fight COVID-19

The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.