A bank, a broad­caster and a tax col­lec­tor

The Africa Report - - FRONTLINE -

Less high-pro­file than fi­nance min­is­ter Gord­han, re­serve bank gover­nor Le­setja Kganyago (pic­tured) has sounded sim­i­lar warn­ings over state en­ti­ties cut­ting bad deals with po­lit­i­cally con­nected com­pa­nies. This prompted the then pub­lic pro­tec­tor Madon­sela to in­ves­ti­gate claims of the Gupta fam­ily’s in­flu­ence, which the Gup­tas deny. Now the Re­serve Bank has to man­age de­mands for a tougher line against the coun­try’s big four banks and claims they ben­e­fited un­duly, and per­haps im­prop­erly, from forex trades. An­other case in the courts is the fight over Hlaudi Mot­soe­neng’s man­age­ment at the South African Broad­cast­ing Cor­po­ra­tion. The West­ern Cape High Court ruled that Mot­soe­neng, an­other Zuma ally, was un­fit and un­qual­i­fied to hold any role at the state broad­caster. He was seen as try­ing to run it as an overt pro­pa­ganda ma­chine for Zuma. An­other key Zuma ally, Tom Moy­ane, head of the South African Rev­enue Ser­vice, is widely seen as un­der­min­ing cred­i­ble in­ves­ti­ga­tions and thwart­ing Gord­han.

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