South Africa:National Treasury Says Viceroy Report on Capitec is Reckless

[GCIS] The National Treasury notes the reckless manner in which Viceroy, a US-based trader/research firm, released its report on Capitec bank earlier in the week. Viceroy is not regulated in South Africa, and by its own admission, has been trading [short selling] in Capitec shares ahead of the release of its report, and stood to benefit substantially from forcing the Capitec share price to fall by publishing its speculative report about the bank.

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South Africa:ANC Alliance Partners Hit Back at Zuma

[Daily Maverick] President Jacob Zuma used his last address as ANC president to take aim at critics and groups that he feels have wronged him. Those particularly in his firing line were the South African Communist Party, trade union federation Cosatu, and ANC veterans who have called on him to step down. The reaction from those he took swipes at has been swift and unimpressed – suggesting that Zuma may have further endangered the future of the tripartite alliance.

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Ethiopia:South African University Honours Health Minister

[allAfrica] Cape Town -A South African university has lauded an Ethiopian health minister, Dr Amir Hagos, for the country’s “amazing progress in a number of sectors, particularly in the area of maternal and child health, and human resource development”.

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South Africa: Scandal Over Zuma’s Friends Brings Down SA Leaders of Top Global Firm

[KPMG] As has been widely reported, various allegations have been raised with respect to KPMG South Africa’s work on behalf of the Gupta family and work performed in 2014-2015 on the ‘Report on Allegations of Irregularities and Misconduct’ which KPMG South Africa produced for the South African Revenue Service (SARS report).

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South Africa: DRC Immigrants Protest Against Kabila Visit

[GroundUp] A small but vocal group of Congolese immigrants protested outside the Sefako Makgatho presidential guesthouse in Pretoria, as President Jacob Zuma hosted the president of the Democratic Republic of Congo, Joseph Kabila. The two leaders were meeting with their respective ministerial teams as part of a binational commission.

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