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siyabonga nenelatest news & developments
Disastrous deal: Mozambican Momade Rassul is said to be a business kingpin in Nacala, a known heroin trade route and where he owns the S&S Palm Oil Plant. He has been charged with money laundering, illegal enrichment and fraud
MOZAMBIQUE

Dangerous liaisons: PIC, Rassul and the Port of Nacala

The Mozambican link to the Public Investment Corporation deal reflects how business, politics and crime intersect

  • Mark Shaw
  • Simone Haysom
7 min read
Finance Minister Nhlanhla Nene (David Harrison)
BUSISIWE MKHWEBANE

Public protector confirms Nene probe

Advocate Busisiwe Mkhwebane has confirmed she will investigate allegations related to a PIC investment that allegedly benefitted the minister’s son

  • Sarah Smit
2 min read
This week’s M&G is free to read.
ACE MAGASHULE

Unembargoed: October 5 to 11

The Nene whispers: Here’s the real story

  • Mg Reporter
7 min read
On Friday’s statement, a contrite Nene said: “I was wrong in meeting the Guptas at their residence and not in my office or at least a public place…” (Delwyn Verasamy/M&G)
AJAY GUPTA

Nene apologises: I was wrong in meeting the Guptas

"But I am human too, I do make mistakes, including those of poor judgment," says finance minister

  • Kiri Rupiah
3 min read
Eric Wood had meetings with Siyabonga Nene about buying 70% of Brakfontein Coal Mine. (Paul Botes/M&G)
BRAKFONTEIN COAL MINE

Did Nene Jr deal with the Guptas?

Siyabonga Nene and his partner approached the investment corporation while Nene Sr was chair

  • Sabelo Skiti
  • Thanduxolo Jika
  • Stefaans Brummer
4 min read
(Graphic: John McCann/M&G)
AJAY GUPTA

The finance minister, his son and the Mozambican refinery

Siyabonga Nene asked the PIC to finance a huge investment in Mozambique. He didn’t get that for himself

  • Sabelo Skiti
  • Thanduxolo Jika
  • Stefaans Brummer
16 min read