# The EFF has asked the chairperson of Parliament’s standing committee on Finance, Joseph Maswangwanyi, for an urgent meeting regarding the governance crisis at the Public Investment Corporation. CEO Patrick Dlamini was provisionally suspended following allegations of impropriety contained in a whistleblower report, while two board members resigned. The Financial Sector Conduct Authority has meanwhile […]
# Herotel has announced a partnership with Amazon Leo to launch satellite internet services in South Africa from 2027. Herotel managed to beat Elon Musk’s rival Starlink service to the local market by outmanoeuvring it on local regulatory compliance. The new service, branded Evry, will use Amazon’s low-Earth orbit satellite network to connect homes and […]
# President Donald Trump has directed the US Trade Representative, Jamieson Greer, to impose a 25-percent tariff on most Brazilian imports, citing ‘unfair’ trade practices. The tariffs will go into effect next Wednesday, with key products including beef, coffee, pharmaceuticals and certain raw materials being exempt. Greer says their investigation concluded Brazilian policies harm the […]
# Die raad van die Openbare Beleggingskorporasie het die Gedragsowerheid vir die Finansiële Sektor se ondersoek verwelkom nadat ‘n verklikker beweerde onetiese praktyke uitgelig het. Die owerheid is bekommerd oor die onlangse verwikkelinge in die OBK, veral dié van bestuur en leierskaps-bestendigheid. Dit volg op die voorlopige skorsing van bestuurshoof Patrick Dlamini na bewerings van […]
# The Public Investment Corporation board has welcomed the Financial Sector Conduct Authority’s investigation following a whistleblower report alleging unethical practices within the organisation. The FSCA has expressed concern about recent developments at the PIC, particularly those relating to governance and leadership stability. This follows the precautionary suspension of CEO Patrick Dlamini over allegations of […]
# Twee nie-uitvoerende direkteure van die beleërde Openbare Beleggingskorporasie het bedank weens hulle kommer oor bestuur. Thabi Nkosi en Nosiphiwo Balfour se bedanking kom dae nadat die direksie besluit het om uitvoerende hoof, Patrick Dlamini, voorlopig te skors na ‘n fluitjieblaser se bewerings van onbehoorlike bestuur. Die hoof finansiële beampte, Batandwa Damoyi, is as waarnemende […]
# Two non-executive directors of the embattled Public Investment Corporation have resigned, citing governance concerns. Thabi Nkosi and Nosiphiwo Balfour’s resignation comes days after the board resolved to place CEO Patrick Dlamini on precautionary suspension in the wake of whistleblower allegations of impropriety. Chief financial officer Batandwa Damoyi has been appointed as acting CEO. Meanwhile, the […]
# Industry organisations Agri SA and Business Against Crime South Africa have signed a memorandum of understanding to improve rural crime and safety data. The partnership will use BACSA’s E2-Plus platform to collect, verify and analyse crime information, and support law enforcement and policymakers. Agri SA says better evidence is essential to protect food security, […]
# AfriForum has called for greater transparency over the government’s planned state-backed satellite internet provider, BrainSAT satellite services. The organisation has submitted a request under the Promotion of Access to Information Act, seeking details on the procurement process, the agreement signed with Space42 and BrainSAT Technologies, and how the company was selected. AfriForum’s Ernst van […]
