Varun’s bail conditions were relaxed in the Bloemfontein Magistrate’s Court today on condition that he must return to South Africa before 27 MAY 2018. Magistrate Jan Greyvenstein orders authorities to return his passport. Varun Gupta is facing a number of charges including corruption, contravening the Public Finance Management Act linked to the Estina dairy farm scam and fraud. Gupta brothers’ nephew and four other people have also been charged with similar criminality. Varun Gupta is due in Free State court again over Estina dairy farm scam in August 2018.
The ease of doing business and financial reporting has received a boost with the launch of the Companies and Intellectual Property Commission’s Extensible Business Reporting Language (XBRL). The launch of the digital financial reporting solution on Tuesday will allow companies to file Annual Financial Statements using XBLR, and the data can be shared across the […]
Gauteng Department of Human Settlements underperforms, fails to deliver on housing target by Mervyn Cirota
The Gauteng Department of Human Settlements constantly fails to reach its targets and underperforms in housing development projects. According to the Department of Human Settlement’s fourth quarterly report for the 2017/18 financial year, the department did not achieve its target of 1845 individual housing subsidies for qualifying beneficiaries under its credit-linked programme. This indicates that […]
Public Enterprises Minister Pravin Gordhan on Thursday called on all parties involved in the Eskom wage talks to allow time for the negotiations to succeed. “All parties are called upon to desist from violence, intimidation or the disruption of coal deliveries to power stations,” said the Department of Public Enterprises (DPE). The Minister said it […]