Mcebisi Jonas alleged that in October 2015, the Gupta family offered him a promotion and a bribe of R600-million
The former deputy minister of finance testified that Ajay Gupta told him that the family was ‘in control of everything’
During proceedings on Wednesday, Robert Madzonga’s advocate, said his client only became aware of the looting on March 11 this year
The revelations are contained in a near 500 page draft forensic report by national treasury into the capture of Eskom and Transnet
The records of the Shimba La Ndou Family Trust, one of the many entities that received questionable payments, are attached to the court application
VBS Mutual Bank was set to become a commercial bank
The PIC crisis comes as the embattled VBS bank was placed under curatorship in March after Reserve Bank discovered liquidity issues
Top-down regulatory measures come to naught, so the battle must be fought from the bottom up
The Helen Suzman Foundation and Magda Wierzycka say their action is necessary in the “absence of action” by law enforcement agencies.
Sihle Zikalala said Magaqa and his comrades had caused a ‘strategic shift’ in the ’very conservative’ ANC in 2012