See Trending

Business and Finance
Source : (remove) : News24
^{RSS •
JSON •
XML •
CSV}

• Fri, March 28, 2025

by: News24

Ex-Denel chairperson, former CEO in court on corruption charges

Two officials from state arms manufacturer Denel appeared in the Pretoria Specialised Commercial Crime Court on Friday on multiple counts of corruption for their alleged involvement in the irregular approval and establishment of the Denel Asia joint venture.

• Fri, March 14, 2025

by: News24

New VAT-free foods: Most canned veg still excluded, but oxtail, tongue may be in

Most canned vegetables will not be included in the list of zero-rated food products, according to new VAT legislation proposed by Finance Minister Enoch Godongwana, in contrast to comments made in his budget speech this year.

• Sat, March 8, 2025

by: News24

Could we still see a hike in VAT when the budget is tabled?

South Africans may still face an increase in VAT when the revised budget is tabled in March unless the government's proposed spending plans are revised.

• Wed, February 19, 2025

by: News24

LIVE | Budget postponed to 12 March following Cabinet clash over VAT hike to 17%

The government is scrambling for extra revenue to keep a lid on South Africa's growing debt burden while continuing to fund the machinery of state amid rising healthcare and social services costs and a public sector wage hike.

• Tue, February 18, 2025

by: News24

News24 invites you to unpack the Budget with Godongwana and Kieswetter

News24 writer-at-large Carol Paton will unpack the Budget with Finance Minister Enoch Godongwana, SA Revenue Service Commissioner Edward Kieswetter, and Standard Bank chief economist Goolam Ballim.

• Wed, February 12, 2025

by: News24

SA will likely wait until 2026 to lower inflation target, investors and analysts say

South Africa will probably wait until next year to lower its inflation target, according to a Bloomberg survey of investors and analysts.

Ex-Denel chairperson, former CEO in court on corruption charges

Two officials from state arms manufacturer Denel appeared in the Pretoria Specialised Commercial Crime Court on Friday on multiple counts of corruption for their alleged involvement in the irregular approval and establishment of the Denel Asia joint venture.

The article from News24 reports that Daniel Mantsha, the former chairperson of Denel, and his wife, along with former CEO of Denel Land Systems, Zwelakhe Ntshepe, appeared in the Pretoria Specialised Commercial Crimes Court on charges of corruption. They are accused of defrauding Denel of over R11 million through a scheme involving the creation of a fake company, which was used to siphon funds from Denel. The charges include fraud, corruption, and money laundering. The case has been postponed to April 10 for further investigation, and the accused were released on bail. This legal action follows an investigation by Denel's internal audit and the Special Investigating Unit (SIU), highlighting significant governance and financial oversight issues within the state-owned defense company.

Read the Full News24 Article at:
https://www.news24.com/news24/southafrica/news/ex-denel-chairperson-former-ceo-in-court-on-corruption-charges-20250328

Similar Business and Finance Publications

on: Mon, Dec 02nd 2024
by: Bill Williamson

Swiss corruption case involving Trafigura and former executive opens