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Daily Podcast – October 15, 2018

15th October 2018 BY: Halima Frost
Reporter

For Creamer Media in Johannesburg, I’m Halima Frost.

Making headlines: Maimane says Ramaphosa must come clean over claims he knew about VBS looting, AfriForum in Australia to highlight farm murders in South Africa And, DA says PIC must disclose details of R70bn worth of investments in South Africa

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Maimane says Ramaphosa must come clean over claims he knew about VBS looting

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The Democratic Alliance says its lawyers are considering laying charges against President Cyril Ramaphosa following reports that he had prior knowledge of widespread looting at VBS Mutual Bank but allegedly failed to act.

Mmusi Maimane said the charges would be in accordance with the Prevention of Organised Crime Act.

City Press reported that Ramaphosa was apparently informed of widespread corruption and looting involving bank executives at a meeting in Johannesburg early last year.

Ramaphosa's spokesperson Khusela Diko reportedly told the publication that the Presidency had no knowledge of such a meeting.

 

AfriForum in Australia to highlight farm murders in SA

Representatives of civil rights group AfriForum are currently in Australia as part of the organisation’s "international campaign" to draw attention to farm murders in South Africa. 

AfriForum has already met with Australian Minister Andrew Hastie, Chairperson of the Parliamentary Joint Committee on Intelligence and Security. 

The group’s head of community safety Ian Cameron said the South African government and especially President Cyril Ramaphosa’s blatant denial of farm murders was viewed in Australia by most mainstream role-players as a disgrace.

 

DA says PIC must disclose details of R70bn worth of investments in SA

One of the first tests for South Africa's new Finance Minister Tito Mboweni is whether he will support the disclosure of detailed information about R70-billion worth of investments made by the Public Investment Corporation in its “unlisted investment portfolio” in 2017/18, the DA has said.

The PIC is a state owned entity with over R1.9-trillion worth of assets under management, making it Africa’s largest asset manager.

DA shadow minister of finance David Maynier said the PIC had disclosed detailed information about these investments for the past two years ahead of the medium-term budget policy statement being presented in parliament in October, but no such disclosure has been made this year.

That’s a roundup of news making headlines today

Don’t forget to follow us on twitter @polityZA 

EDITED BY: Creamer Media Reporter
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