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Workers Union Opens Corruption Case vs Ramaphosa

SOUTH AFRICA

LOCAL NEWS

  • Unemployed Workers Union to open corruption case against Ramaphosa following claims from Businessman Tokyo Sexwale that billions of rands had been looted from a "heritage trust" with the government & FinMin fully aware.
    • Treasury instead said that Sexwale was scammed, and that the trust he was referring to was not a known entity to SARB, and that government had received allegations of money been taken from the trust several times before.
    • The trust, described as a common internet scam, has attempted to scam money out Treasury in the past, but has always been rejected
  • Health Department says an announcement regarding the rollout of the J&J vaccine is due soon
  • A consortium of SA Express workers calls for another 100 days to raise funds to buy beleaguered SA Express, having missed the agreed deadline.
    • Airline's liquidators gave an initial deadline of 11 August 2020 for the consortium to raise a 10% deposit for the transaction, which was later extended to 29 April.
    • It is now seeking the further extension so that it can effectively 'crowdfund' the capital needed to put in a bid. If the extension is not granted, the airline will likely enter into final liquidation
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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