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Absa Regional Corporate Director, East Africa, James Agin spoke with the Business Daily about how banks have kept the taps running during these tumultuous times. ....
In an interview, Absa CEO Jeremy Awori discussed the risks associated with the CBK waiver and why the banks would even be willing to cut the fees as a tradeoff to have the charges reinstated. ....
Former Eskom execs, contractors see R1.4bn in assets seized The National Prosecuting Authority’s Investigating Directorate has been awarded a restraint order by the North Gauteng High Court, against various former Eskom contractors and executives. The order, valued at R1.4bn, has been served against numerous figures involved in alleged corrupt activities, including Michael Lomas, Antonio Trindade and Abram Masango. Lomas appeared in a Westminster court in London, in relation to criminal charges he is facing in South Africa. The former Eskom contractor was arrested in connection with a R745m fraud relating to the Kusile power plant. MyBroadband reports that assets belonging to their spouses and family trusts are also included in the restraining order. Michael Lomas, who is a UK resident, will return to the London Westminster court later this month, to hear whether he will indeed be extradited to South Africa – Jarryd Neves ....