The release of part four of the Commission of Inquiry Report into State Capture by chief justice Raymond Zondo brought with it another slew of names recommended for further investigation and possible prosecution.
The list of names recommended for prosecution by the National Prosecuting Authority (NPA) now sits at just over 130 people. It brings into sharp focus just how pervasive and deep State Capture ran throughout multiple organisations and government departments.
The ball has been in the NPA’s court for some time already and there will be renewed interest and pressure on the prosecuting authority to act against those implicated in the four Zondo Report instalments.
You can read a round-up of all the people recommended for investigation and prosecution across the four reports with these helpful lists compiled by Daily Maverick. Read them here: Part One, Part Two, Part Three, and Part Four.
Keeping with Judge Zondo, the chief justice slammed how advocate Malesela Teffo was arrested inside a courtroom last week just as Bafana Bafana captain Seno Meyiwa’s murder trial was postponed.
Teffo is representing the four men accused of murdering Meyiwa but was arrested on Thursday afternoon where he was cuffed and taken down to the holding cells, in full view of the media and for everyone to capture his arrest in real-time.
Zondo said he was not commenting on whether Teffo should be arrested but rather on the way he was taken into custody and the place where it happened.
“The conduct of the SAPS in effecting the arrest inside the courtroom and the manner in which the arrest was effected on a legal practitioner and, therefore, on an officer of the court, was an assault on the dignity of the court and the judiciary,” said Zondo.
He added that as he understood it, the arrest warrant had been issued two months ago and the police could have waited until Teffo had exited the courthouse before making the arrest.
In the currency markets, the Rand recouped its Monday losses and closed 2.3% stronger at R15.77/$. The local unit “was initially supported by a softer Dollar but managed to hold on to its gains even after the Dollar rebounded against the Euro and Pound late last night,” comments TreasuryONE.
This morning the Rand is trading unchanged in a quiet Asian trading session ahead of the FOMC decision due later today.
“The local currency has also gained strongly against both the Euro and Pound and is currently quoted at R16.59 and R19.68, respectively.”
On the commodity front, gold is trading flat at $1,864 this morning, platinum is up at $967, and palladium is also up at $2,260. Brent crude closed lower last night and is holding fairly stable this morning at $106 a barrel.
Here’s a round-up of what we’re reading:
SA Business
FlySafair offering tickets for R8 – BusinessTech
City Power’s fight against cable crime — R100 million spent in a year – MyBroadband
Wild Coast communities want court to make final call to block Shell’s seismic survey – Fin24
Global Business
Didi Global Says It Faces SEC Probe Related to U.S. IPO – Bloomberg
Shell, BP Face Obstacles to Gaining Wider Share of EV Charging Market – Bloomberg
Ukraine war and China lockdowns drive fastest UK price rises in years – The Guardian
Tech
Musk suggests ‘slight cost’ for Twitter commercial users – BusinessTech
SA ranked 6th country most affected by cybercrime, research finds – TimesLIVE
SA media groups demand that Google, Facebook pay them for news content – Fin24
Markets
Dollar Up, Investors Await Fed Policy Decision – Investing.com
Asian markets drift ahead of key Fed rate decision – AFP
Chinese Tech Stocks Slide as SEC’s Didi Probe Hurts Sentiment – Bloomberg