Pre-Election “Plunder’s Spree of Note” - with Wayne Duvenhage

--:--
There is a "plunder’s spree of note” by government officials to “make as much money as they can” before next year’s national elections. That is the charge from OUTA’s Wayne Duvenhage who speaks to BizNews after a Special Investigation Unit (SIU) report to Parliament has laid bare a “mind-blowing horror story” of looting that brought South African Airways (SAA) to its knees. Duvenhage says, with Anti-Corruption Week coming up there has been a lot of rhetoric from President Cyril Ramaphosa. However, “it might be some of his lackeys and his cronies and his cabinet ministers or senior people in the political structures that are implicated and that might have to go to jail, which is why we think that there's this reluctance to really get down to doing the hard yards here….He’s very weak, I'm afraid.”
23 Nov 2023 6AM English South Africa Investing · Business News

Other recent episodes

Mining Sector Analysis: Peter Major talks growth, challenges, and market trends

Mining expert Peter Major discussed South Africa’s mining sector challenges and strengths, including Afrimat’s growth trajectory, Anglo American’s stability, and Kumba Iron Ore’s strategy for maximizing value despite infrastructure constraints. He also highlighted global economic impacts on commodities and the need for sustainable, well-managed mining operations amid geopolitical uncertainties.
25 Oct 5AM 14 min

Retail powerhouses face unprecedented competition as South African market shifts

Retail analyst Evan Walker discussed with BizNews host Alec Hogg the challenges facing South African retailer Pick n Pay, Shoprite's market dominance, and the success of Clicks' loyalty program. He also highlighted competition from Chinese e-commerce platforms like Shein and potential impacts of Amazon's arrival in the local market.
25 Oct 4AM 18 min

Wilgenhof: Agreement reached after litigation

The Association for the Advancement of Wilgenhof Residents (AWIR) and Stellenbosch University (‘SU’) have settled litigation concerning the SU Council’s decision to close the Wilgenhof residence in 2025. As part of the agreement, in the first semester, the 2025 Wilgenhof students, together with new first year students who will be…
24 Oct 9AM 9 min

BizNews Briefing: Retailing; Mining; Cape property; Russia ups war ante

Deep insights in this episode of the BizNews Briefing as top retail analyst Evan Walker of 36ONE explains what impact the annual financial results will have on the super-charged share price of Clicks and the sector generally in the context of the Takealot v Amazon v Temu; and mining guru…
25 Oct 1AM 1 hr 02 min