October 15, 2019South Africa
The Office of Foreign Assets Control (OFAC) of the U.S Treasury has formally sanctioned on October 10 members of the Gupta family and associates, who are members of a “significant corruption network in South Africa.” Under the sanction, all Gupta property in the United States is blocked and must be reported to OFAC.
October 24, 2018South Africa
Corruption has become a burning political issue in South Africa, particularly in the final years of Jacob Zuma’s abridged term in office. The faces of South Africa's Zuma-linked corruption were the three Gupta brothers: Ajay, Atul, and Rajesh.
October 10, 2018South Africa
On October 9, President Cyril Ramaphosa accepted the resignation of Nhlanhla Nene as finance minister. Critics are accusing Nene of lying about the frequency of his contacts with the notorious Gupta family, which is now being investigated for “state capture.”
July 17, 2018South Africa
Cyril Ramaphosa, president of South Africa since January, was a close colleague of Nelson Mandela and regularly associates himself with the Mandela legacy and seeks to restore the late president’s values as South Africa’s lodestar.
June 13, 2018South Africa
There are signs that South Africans are reverting to the non-payment of taxes. The Treasury estimates that half of the revenue shortfall in 2017 resulted from personal income taxes that the government had budgeted for but were not paid. In the short term, the revenue short fall is compelling Ramaphosa to raise the VAT.
April 12, 2018South Africa
Strong civil society, a free media, a sophisticated parliamentary opposition, and judges who regularly ruled against the government played interdependent roles in protecting South Africa’s democratic institutions.
March 29, 2018South Africa
Moody’s Investors Service kept South Africa’s credit rating at investor grade, though it is still only one notch above junk, and changed its outlook for the country to stable.
March 23, 2018South Africa
is seeking to get a handle rationalize the financial commitments of state-owned enterprises (SOEs) and promising whole-sale personnel changes
February 23, 2018South Africa
The ascendancy of Cyril Ramaphosa to the presidency of South Africa has been greeted with a mix of enthusiasm, relief, and skepticism. It comes as South Africa prepares to celebrate the centenary of Nelson Mandela’s birth and it is worth remembering that Ramaphosa was Mandela’s first choice as his deputy.