Articles in Business
By THANDUXOLO JIKA Zimbabwean property mogul Frank Buyanga bought a R4 million Rolls-Royce Ghost three years ago, but still hasn’t had a chance to drive it. The luxury car has been locked up at the Sunnyside Police Station in Pretoria since it was impounded in December 2010 on its way to Zimbabwe.
Lawrence Mavundla has always been aware something may be stinking in the construction industry. “We have always suspected there is something and these cartels are colluding and fixing prices,” the National African Federated Chamber of Commerce president told m24i in the wake of the tender-fixing scandal. He says the government should blacklist companies found guilty… Read More »
Top construction industry leaders illegally fixed state and other contracts – including two World Cup stadium deals – worth billions, evidence in a major fraud and racketeering probe shows. M24i can today exclusively reveal details of a decades-long, formal kickback and price-fixing racket that allegedly involved household names among industry leaders – and which shows… Read More »
THANDUXOLO JIKA LIMPOPO businessman Lesiba Gwangwa, a co-accused in Julius Malema’s corruption trial, fabricated employees to win a multi-million rand state tender, court papers claim. The allegations are contained in a PriceWaterhouseCoopers forensic report compiled by the auditing firm’s director Trevor White and presented to a judge in a recent North Gauteng High court application… Read More »
JACQUES PAUW AND THANDUXOLO JIKA Former ANC Youth League leader Julius Malema faces bankruptcy in his battle with the SA Revenue Service as his friends and allies abandon him in droves. Malema spoke this week of his troubles with the law and how he was now treated by a leper by those whom he had… Read More »
JEANNE VAN DER MERWE and ANDREW TRENCH As newly-elected ANC deputy president Cyril Ramaphosa starts untangling his myriad business interests, his departure may spell bad news for the companies whose fortunes he helped create. Experts doubt Ramaphosa will be able to effectively distance himself from his R2.4 billion business empire, especially as many of the… Read More »
JACQUES PAUW and JACQUES DOMMISSE BUDGET airline 1time ignored a plan which could have returned it to profitability within months, charges an aviation consultant and forensic investigator with access to the airline’s records before it crashed and burned. Christo Ebersöhn, who was appointed by trade union Solidarity in September to assess the viability of the… Read More »