South African President, Cyril Ramaphosa joined us for an exclusive 60 minute interview earlier today to discuss business, economics and the direction of Africa’s most industrialised nation. Joining CNBC Africa to unpack this interview is Jacques Nel, Economist for Southern and East Africa at NKC African Economies and Peter Worthington, Economist at Absa.
The United States Treasury has added Atul, Ajay and Tony Gupta to its sanctions list as “members of a significant corruption network in South Africa” that looted state coffers. The family has been accused of state capture as a consequence of their close relationship with former President Jacob Zuma. CNBC Africa's Karabo Letlhatlha spoke to the Acting Ambassador to South Africa, David Young.
Finance Minister Nhlanhla Nene received backlash after admitting to visiting the home of the Gupta brothers.
South Africa signs extradition treaty with UAE that could target Gupta brothers, what you need to know…
The Indian-born brothers - Ajay, Atul and Rajesh - have been accused of using their ties with Zuma to siphon off billions of rand in state funds.
The spot on DSTV channel 405 of formerly Afro WorldView has being replaced by ‘News Room Africa’. A new company formed by television production entrepreneurs Thokozani Nkosi of Eclipse TV and Thabile Ngwato of Rapid Innovation. CNBC Africa’s Melitta Ngalonkulu filed this report.
SAP has voluntarily disclosed information about its South Africa business to U.S. authorities responsible for enforcing the U.S. Foreign Corrupt Practices Act.