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/ 10 November 2006

The ANC’s new funding front

This week, we expose a new business front set up by the African National Congress (ANC) to seek profit on its behalf. The Chancellor House group of companies has acquired ”empowerment” stakes in a range of businesses. Often these opportunities have depended on the government’s discretion. This means the ANC, as ruling party, has been both player and referee.

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/ 10 November 2006

Other Chancellor House investments

The African National Congress’s Chancellor House group has targeted investments in sectors of the economy where government institutions dish out opportunities such as business rights or contracts. When companies in which Chancellor holds a share compete for such opportunities, the ruling party becomes both player and referee. Chancellor’s biggest known deal is as part of a manganese consortium. Here are others.

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/ 10 November 2006

Court orders journalist to testify

The battle for media freedom took another knock last week when the Cape Town High Court denied journalist Gasant Abarder’s right to appeal against an order to testify in a civil defamation case. Abarder had been subpoenaed to testify in a civil defamation dispute between two private litigants.

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/ 10 November 2006

Ramatlhodi’s ‘reward’

Former Limpopo premier Ngoako Ramatlhodi received a R100 000 payment from a businessman whose company won multimillion-rand tenders from his government, the Scorpions have alleged. This is just one of a range of cash benefits that allegedly flowed to him after a R750-million pensions administration contract was awarded to Cash Paymaster Services.

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/ 10 November 2006

Who is Viktor Vekselberg?

Viktor Vekselberg, the 48-year-old Russian oligarch, is not known for his corporate ethics. Described by <i>Forbes</i> as a "deal junkie", Vekselberg is ranked the third-richest Russian and the 44th richest person in the world by the magazine. His net worth is about $10-billion, accumulated predominantly through metals and oil.

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/ 10 November 2006

Homework may not be good for kids

A small but increasingly vocal group of United States parents and educators is pushing for homework to be abolished for younger children on grounds that it serves no purpose. According to two new books on the subject, American children are being robbed of time to enjoy hobbies, sports and even family time because of too much homework.