Update: Another bank abandons Iqbal Survé
FNB has followed Absa’s cue and cut ties with Survé. It is entirely possible other banks will follow suit – or have already done so.
Steinhoff’s Billion-Dollar Game of Chicken
The disgraced group’s global settlement proposal hangs in the balance, as claimants clash in court over questions of legality and fairness – including whether the big boys like Christo Wiese are unfairly advantaged.
A great big birthday thank you – we’re almost there!
We’re celebrating our 11th birthday. We’ve asked readers to join in, become amaB Supporters and close our funding gap. We’re almost there – 1% to go!
Help us celebrate: it’s our birthday
Yes, today is our 11th birthday. No party hats or streamers though. We’ll be celebrating in the same subdued way we did our 10th: masked up, social distanced and Covid-cautious. But we’ll be asking you to join in.
VBS indictment lifts lid on Danny Msiza’s money machine
A 206-page indictment of suspects in the VBS Mutual Bank case has blown the lid off the patronage system beneath the scheme that destroyed the bank as well as the alleged shameless bribery that went with it.
Funder vs funder in R500m pots fiasco
Astonishing sums of public money were poured into a cooking-pot factory project which quickly sank under the weight of mismanagement. Amid the acrimonious fallout, the IDC – made to look foolish – has blacklisted a fellow development funder while court cases are mounting.
Breaking: Court asked to cancel 1064 loco contracts, scene of the Guptas’ greatest heist
Finally, Trasnet and the SIU ask the high court to overturn R54-billion worth of locomotive contracts – the most expensive known to have been affected by state capture.
Prasa infected by a leadership ‘pandemic’ says furious former exec
The rail agency has been hollowed out by years of corruption and maladministration. Despite pronouncements on stabilising the “broken” entity the situation only keeps getting worse. Why? A former Prasa legal manager weighs in with a blistering exit letter which puts the blame right at the top.
Analysis: SSA confirms suspension of ‘bulk surveillance’ following amaB Concourt victory
The spy agency has confirmed it has halted “bulk surveillance” – the mass interception of electronic communication – after the Constitutional Court ruled earlier this month that there was no law authorising it.
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AMABHUNGANE Update: Another bank abandons Iqbal Survé https://amabhungane.org/stories/211604update-another-bank-abandons-iqbal-surve/@amabhungane @DewaldvanRensb1
Iqbal Survé’s Ayo Technology Solutions dumped by FNB, read amaBhungane’s exposé on how Absa did the same thing last year https://amabhungane.org/stories/210331-absa-does-a-gupta-on-iqbal-surve/