[LISTEN] Political desk: What took the AFU so long?

The Asset Forfeiture Unit (AFU) is expected to execute a preservation order against consulting firm McKinsey and Gupta-linked Trillian to freeze assets worth an estimated R1.6-billion.

The unit obtained the order at the High Court in Pretoria last month.

South African Federation of Trade Unions (Saftu) laid criminal charges against Trillian and its shareholders in October, and has worked closely with the AFU.

Trillian is accused of unduly benefiting nearly R600-million while McKinsey allegedly pocketed more than a billion rand through corruption.

Bloomberg News journalist Sam Mkokeli says questions remain over the AFU's timing.

The one question I have is if the AFU got the order to preserve the assets in December, what took them so long?

Sam Mkokeli, Bloomberg News journalist

Did they consider the ANC's conference, did somebody very senior in the NPA try to block the move to protect this very politically connected family [Gupta]

Sam Mkokeli, Bloomberg News journalist

Click on the link below to get more details on the story.....


Recommended

by NEWSROOM AI
Read More
The Political Desk:  ANC NEC to be elected this week and what of Zuma's fate?

The Political Desk: ANC NEC to be elected this week and what of Zuma's fate?

Political editor at the Business Day Natasha Marrian shares some of the political news on the radar this week.

Political Desk: No talk about Zuma's removal at ANC NEC meeting

Political Desk: No talk about Zuma's removal at ANC NEC meeting

The new NEC met for the first time on Wednesday in East London, where the party’s annual 8 January celebrations will be held.

Political Desk: Ramaphosa's call for unity in KZN, build up to ANC celebrations

Political Desk: Ramaphosa's call for unity in KZN, build up to ANC celebrations

Karima Brown gives details on the latest political news building up to Saturday's event in the Eastern Cape.

Political Desk: 'Unity on a ballot amounts to a spoilt ballot'

Political Desk: 'Unity on a ballot amounts to a spoilt ballot'

Karima Brown spoke to ANC Secretary General Gwede Mantashe on Tuesday night.

Political Desk:  NDPP ruling demonstrates Zuma's delaying tactics - Karima Brown

Political Desk: NDPP ruling demonstrates Zuma's delaying tactics - Karima Brown

On Friday, the High Court ordered that President Jacob Zuma have no say in the appointment of a new NDPP.

Political desk:  No running away from Eskom Inquiry - Karima Brown

Political desk: No running away from Eskom Inquiry - Karima Brown

Deputy Minister of Public Enterprises Ben Martins refused to testify at inquiry as he believes a written submission will suffice.

What kind of ANC is going emerge after the conference? Karima Brown

What kind of ANC is going emerge after the conference? Karima Brown

As the ANC Elective Conference approaches, there are a whole lot of uncertainties as to what will happen beyond the conference.

'Nothing untoward about ANC Free State's provincial general council'

'Nothing untoward about ANC Free State's provincial general council'

Free State ANC spokesperson Thabo Meeko has responded to questions surrounding the gathering held on Tuesday.

Political desk: Ruling expected over Free State PEC

Political desk: Ruling expected over Free State PEC

Members of the party approached the Bloemfontein High Court to have the leadership dissolved and chairperson Ace Magashule removed

Political desk: ANC presidential race now at its trade off phase - Brown

Political desk: ANC presidential race now at its trade off phase - Brown

On Sunday, the provincial general council voted for Cyril Ramaphosa ahead of the ANC’s elective conference in December.

Popular articles
3 risks to your retirement savings (and how to mitigate each of them)

3 risks to your retirement savings (and how to mitigate each of them)

Only 5% of South African retirement fund members will retire comfortably. Bruce Whitfield interviews advisor Warren Ingram.

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Gauteng Education to do away with old apartheid era feeder schools policy

Gauteng Education to do away with old apartheid era feeder schools policy

The new feeder policies will be implemented by 2020.

Thandeka Gqubule prepared to fight EFF to the end

Thandeka Gqubule prepared to fight EFF to the end

SABC Journalist and part of the SABC 8 Thandeka Gqubule says she has not had any communication from the EFF.

Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

South Africa has a brand-new bank! The Money Show’s Bruce Whitfield interviews Adrian Gore, Discovery Group CEO.

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Mashaba posted a picture of a man pushing a trolly full of cow heads saying that he had him arrested for an "illegal act".