Richard Kawie faces arrest if he fails to appear before a liquidation inquiry to explain R100-million of clothing workers’ missing pension fund money.
No image available
/ 24 November 2011
The ANC is seeking ways to finance efforts to boost jobs in the agriculture and mining sectors, which could include pension funds buying more bonds.
The inquiry investigating the loss of R100-million of clothing workers’ pension funds has subpoenaed the bank records of the Trilinear group.
Lawyers on the inquiry into the loss of R100-million of clothing workers’ pension fund money are submitting an application to the WC High Court.
Bank records subpoenaed by the liquidation inquiry indicate that Richard Kawie used borrowed pension-fund money to fund a lavish lifestyle.
No image available
/ 17 October 2011
The probe into how R100-million went missing from a Sactwu pension fund has been postponed after former consultant Richard Kawie failed to turn up.
Enoch Godongwana has told a closed liquidation inquiry that he expected to earn an annual salary of R1.5-million when he chaired Canyon Springs.
The liquidation inquiry into Canyon Springs, which borrowed and never repaid clothing factory worker’s pension money, was mired in further controversy
Two officials may soon have to explain how they became involved in two struggling companies in which clothing workers’ pension money was invested.
Attempts to subpoena Richard Kawie to give evidence that could explain what happened to workers’ pension money have hit a brick wall.
Deputy economic development minister Enoch Godongwana is set to be grilled on what happened to a massive loan from a textile workers’ pension fund.
Concerns have been raised about why the office of the Master of the High Court did not appoint a liquidator to take over Canyon Springs Investments 12
Pinnacle Point Group hoped for a further injection of the clothing workers’ pension money, after R260-million of their funds had already been sunked.
Forensic investigators are concerned that the alleged key player in the missing pension funds may be planning to leave the country with his family.
Trade union pension and provident funds control billions of rands, the oversight of which is too often carried out by a small network.
Deputy Minister of Economic Development Enoch Godongwana and his wife Thandiwe have been linked to a company that disappeared with R100m in pensions.
It was Kevin Rudd’s downfall in Australia, now the ANC takes a hard look.
Although the ANCYL has reached its goal of keeping nationalisation on the agenda, it will have an uphill battle convincing ANC policy gurus.
South Africa is ready for nuclear power, the world’s largest nuclear operator, EDF, said at an energy workshop in Johannesburg on Monday.
Twenty-seven members (42%) of President Jacob Zuma’s new executive — including himself — are registered as having private business interests.
Investors will be looking to the composition of SA’s new Cabinet as a clue to the future policy direction, financial services group Nomura says.
No image available
/ 13 February 2009
Ministers in the post-election government may have to sign annually renewable performance contracts with the ANC, a party member said this week.
No image available
/ 5 December 2008
Former Eastern Cape premier Nosimo Balindlela may be sued for damages after allegedly using her powers in office to deal with political foes.
The ANC’s national working committee is believed to have recommended the removal of Balindlela for her lack of leadership in the province.
Cosatu says it will reserve judgement on corruption allegations reportedly contained in the Pillay commission report.
No image available
/ 18 December 2007
<a href="http://www.mg.co.za/specialreport.aspx?area=ancconference_home"><img src="http://www.mg.co.za/ContentImages/327874/livefrompolo.gif" align=left border=0></a>The ANC has resolved to increase its national executive committee from 60 to 86 members to ensure greater representation of the party’s motive forces. The decision came amid concern from some members of the ANC and its alliance partners that the executive no longer represents the party’s core constituency.