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South Africa Real Estate Activities Report 2021: Influencing factors, State of the Industry, Competition, Outlook, Industry Associations

South Africa Real Estate Activities Report 2021: Influencing factors, State of the Industry, Competition, Outlook, Industry Associations
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A further eight VBS Mutual Bank looting kingpins to sta

In a 206-page indictment detailing the 2018 implosion of VBS Mutual Bank, 14 men are now charged with a total of 188 counts of theft, fraud, money laundering, corruption, racketeering and contraventions of provisions in the Prevention of Organised Crime Act (Poca) and the Prevention and Combating of Corrupt Activities Act (Precca). These alleged crimes relate to the looting and subsequent implosion of VBS Mutual Bank between 2015 and March 2018. The latest arrest comes about nine months after the first group of seven accused pleaded not guilty to the crimes against VBS. Former CFO Philip Truter was the only defendant to plead guilty in a plea bargain that offered him lesser jail time in exchange for turning state witness.

Long serving public servant retires

───   08:52 Sun, 28 Feb 2021 Thuso Ramaema/Photo: Supplied Ramaema is known for his illustrious public service career. He served in various strategic and demanding positions, which include being the Chief Executive Officer (CEO) at the Free State Development Corporation (FDC), and Head of the then Department of Economic Development, Tourism and Environmental Affairs (DETEA).  He has also served as Acting HOD at the Departments of Agriculture and Rural Development and Social Development, respectively.  Ramaema says after a long and hard career it’s time to take some time off. Ramaema’s contributions include his involvement in various high-level committees, such as the Provincial Coronavirus Command Centre and the Forum of Heads of Departments (FOHOD).

Diamonds and dirty dealings: Alexkor whistleblower testifies

MONEYWEB app instead? Diamonds and dirty dealings: Alexkor whistleblower testifies The story of how a dormant shelf company with no licence to market and sell diamonds won a tender to do just that, receiving its first tranche of multi-million rand rough stones in the first month. 00:01  When the whistleblowing diamond diver started querying the prices received for rough diamonds, his contract was cancelled and his access to the site blocked. Image: Shutterstock Gavin Craythorne, a marine diamond diver operating along the north-west coast of South Africa from Alexander Bay to Port Nolloth, testified at the Zondo Commission of Inquiry into state capture on February 8 and 11.

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