Today's Big Stories

A third party cashed in when Nhlanhla Nene was axed - SACP

The South African Communist Party (SACP) says it's possible that an individual or party unduly benefited from the axing of former Finance Minister Nhlanhla Nene and recent reports of Pravin Gordhan's so-called looming arrest.

According to SACP's Jeremy Cronin, this may have been achieved by shorting the rand (selling a currency and buying it back later at a lower price, expecting the exchange rate to be in one's favour).

Cronin claims that well-placed sources in financial circles can corroborate the allegations.

There seems to be clear evidence that there was shorting of the rand just ahead of the December events.

Jeremy Cronin, SACP Deputy General-Secretary

In addition, it is alleged that the rand was shorted before the Sunday Times published an article on the apparent prosecution of Gordhan.

Though the claims could be difficult to prove, Cronin says that they may be as a result of insider information.

He suggests that these events are related to the corporate capture of the state.

Listen to the full conversation from The Midday Report with Stephen Grootes:


Recommended

by NEWSROOM AI
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

Tripartite Alliance divided over state capture probe

Tripartite Alliance divided over state capture probe

The SACP says the ANC's decision to drop the state capture probe threatens the credibility of the movement.

SACP backs Jonas amid condemnation from ANCYL, MKVA

SACP backs Jonas amid condemnation from ANCYL, MKVA

The ANCYL and MKVA strongly criticise the way that Mcebisi Jonas revealed the Gupta job offer claims, while SACP stand behind him.

SACP backs Gordhan and condemns attack on state institutions

SACP backs Gordhan and condemns attack on state institutions

The South African Communist Party's Jeremy Cronin says political squabbles must be put aside for the sake of the country’s economy.

Cronin: SACP more relevant than ever

Cronin: SACP more relevant than ever

SACP has grown in membership recently. John Robbie speaks to Jeremy Cronin about the relevance of the SACP.

Popular articles
I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.

Take a look inside BMW South Africa’s high-tech X3 producing factory

Take a look inside BMW South Africa’s high-tech X3 producing factory

The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

Here we go again… The Money Show’s Bruce Whitfield interviews Africa Connected Host Lee Kasumba.

Pick n Pay sells most groceries in 5 years

Pick n Pay sells most groceries in 5 years

Recession? What recession? The Money Show’s Bruce Whitfield interviews Pick n Pay CEO, Richard Brasher.

Support for #CherlyZondi as she wraps up her testimony against Tim Omotoso

Support for #CherlyZondi as she wraps up her testimony against Tim Omotoso

Wits Institute For Social Economic Research research associate Lisa Vetten looks at how witnesses cope on the witness stand.

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Discussions between Sanral, and the Ministers of Finance and Transport have apparently reached an advanced stage.

'Racism is a daily thing in Hartbeespoort'

'Racism is a daily thing in Hartbeespoort'

Hartbeespoort Community Development Initiative spokesperson Russel Baloyi talks about racism in the community.

Journos provide fresh insights into the latest on state capture inquiry

Journos provide fresh insights into the latest on state capture inquiry

Journalists Karyn Maughan and Erin Bates provide insights into the state capture inquiry.