Finweek - English

in brief

“WHETHER IN THE COUNTRY OR OUTSIDE THE COUNTRY – [WE] WILL FOLLOW THEM UP.”

– said he is confident the National Prosecuting Authority and crime intelligence authorities will be going after those complicit in state capture, the cost of which he placed at R500bn (one of several estimations) during his opening address at Africa Summit in London, reported fin24. Meanwhile, the US Treasury announced sanctions against the controversial Gupta family and their associate, Salim Essa, over their alleged role in state capture, referring to them as “members of a significant corruption network in SA that leveraged overpayments on government contracts, bribery, and other corrupt acts to fund political

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