Three former Office of the Chief Justice (OCJ) employees accused of irregularly benefiting from a R225m IT contract will appear in the Palm Ridge magistrate's court on Wednesday.
Three former office of the chief justice officials accused of corruption have been granted R10,000 bail by the Johannesburg specialised commercial crimes court.
million, the spending isn t even done. we believe roman and latvia will be sent for 50 million. how do they do this? they do this? putting everyone on decade long they do this? putting everyone on decade long contract? they do this? putting everyone on decade long contract? financial. they do this? putting everyone on. decade long contract? financial fair - la decade long contract? financial fair -la rules, decade long contract? financial fair play rules, certain decade long contract? financial fair play rules, certain rules decade long contract? financial fair play rules, certain rules about i decade long contract? financial fair play rules, certain rules about you| play rules, certain rules about you can spend and breaking even, but they are managing to spread the transfer fee over a long they are managing to spread the transferfee over a long period of time, 80 contracts. eight year contract. it s a bit of a loophole in the rules. it contract. it s a bit of a loophole
submission last night, but in a statement, he s called for them to publish it and let the world judge their nonsense , after previously calling them a kangaroo court. in the last few minutes we ve had the latest indication of the health of the uk economy. what did the figures tell us? a reminder why we care about gdp. it measures everything we make and do and sell. if it goes up, good news, more money and job. if it comes down, it means the economy is not growing. a reduction in standards of living. in april, the economy grew by 0.2%. a decent bounce back from march at which point we saw it contract slightly. the detail of it is driven by the services industry, bars and pubs and restaurants, and car sales had a decent bounce back. not a great month for production, construction. house sales dipped
default swap. that s it contract between two people, one of whom is giving insurance to the other, that he will be paid in the event in the event that the financial institution fails. it s an insurance contract. it is an insurance contract that they been very careful not to call it that, because if it were insurance, it would be regulated. aig essentially facilitated the creation of a lot of these mortgage securities by essentially providing an insurance policy, should they go bad. but, because the derivatives market had been deregulated, aig could do this without any requirement to put up any reserves. it s like an insurance company is selling you a life insurance policy and not having any money when the time came to pay off and the time came to pay off. after its credit rating was downgraded overnight, aig must raise at least 40 billion dollars, and fast. you had a full scale run on