Showing posts with label JACOB ZUMA. Show all posts
Showing posts with label JACOB ZUMA. Show all posts

Wednesday, 21 February 2018

Gupta empire crumbles as Jacob Zuma exits South African presidency

Jacob Zuma

For years, brothers Ajay, Atul and Rajesh Gupta were ranked among South Africa’s most prominent businessmen and socialized with the ruling elite, including their friend, then-President Jacob Zuma.
They weathered accusations that they’d exploited their political connections to land an aircraft at a high-security military base to ferry guests to a private wedding, installed their allies in key positions at state companies, tried to influence cabinet appointments and looted billions of rand of taxpayer funds. Law enforcement agencies took no visible action against them, saying only that investigations were ongoing.

That all changed on Feb. 14, when Zuma quit as president under pressure from the ruling African National Congress the same day the police’s Hawks investigative unit staged a dawn raid on the Guptas’ sprawling luxury estate in Johannesburg’s Saxonwold suburb. Some of their top lieutenants were arrested and the eldest brother, Ajay, was declared a fugitive.

The timing of the two events was no coincidence, according to Mark Swilling, a professor at Stellenbosch University who convened an academics’ study last year that concluded that the Zumas, the Guptas and their allies had orchestrated “a silent coup.”

Sunday, 3 September 2017

Xi opens BRICS meet, asks members to shelve differences, build mutual trust

Xi Jinping at BRICS summit

Chinese President Xi Jinping on Sunday asked BRICS members to shelve their differences and accommodate each other's concerns by enhancing mutual trust and strategic communication, as he opened the 9th annual summit of the five member emerging economies here.

The opening ceremony of the three-day BRICS summit started with BRICS Business Council in this southeastern Chinese city in Fujian province amid a downpour triggered by typhoon Mawar which had caused widespread disruption to the summit preparations and the city's traffic. The typhoon also caused considerable disruption to the flights.

BRICS - Brazil, Russia, India, China and South Africa - is a grouping of the five emerging economies. The BRICS summit brings together the leaders of these countries.

Prime Minister Narendra Modi, Brazilian President Michel Temer, South African President Jacob Zuma and Russian President Vladimir Putin will attend the summit.