Gumede’s fate among issues to be discussed at ANC's KZN PEC meeting - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Last month, Zandile Gumede appeared in the Durban Commercial Crimes court on fraud and corruption charges.

The fate of eThekwini municipality mayor Zandile Gumede, who is also the African National Congress’ Regional Chairperson, is among the issues expected to be discussed this weekend when the party’s Provincial Executive Council meets at eMpangeni in northern KwaZulu-Natal.She was granted bail of R50 000. Gumede is implicated in a R 208 million 2016 Durban Solid Waste tender.

Dube says, ”I don’t think that unity is going to come soon because the eThekwini region has got about R50 billion budget and so when you look how the ANCYL was supporting mama Zandile Gumede with a hope that she will pay back their loyally to her, hence they were asking for one billion for youth development, when she refused to do that the Youth League threw stones at her.”

Days after Gumede’s court appearance, her supporters marched to the ANC provincial offices. They accused Police Minister Bheki Cele of using his position to settle political scores.“Why is he in such a hurry, who he is he trying to impress. No one knows but his eagerness to see people behind bars without tangible evidence is one of the reasons that gives Zandile Gumede some more power , some more credibility.

The ANC in the province says it will only issue a full statement on the matter after the PEC meeting scheduled for this weekend.

Why it is difficult to remove a corrupt Mayor?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK ANALYSIS: The quantity of monetary easing, not ‘quantity easing’, may be the stimulus the economy needsAmid all of the hilarity triggered by the ANC statement regarding ‘quantity easing’ lie some serious issues. Quantitative easing has been a weapon of choice among policymakers in the developed world to tackle sluggish growth and approaching deflation in a low-interest rate environment. Basically, central banks boost liquidity and the money supply with money straight off the printing press by purchasing assets such as government bonds. In South Africa, a more sensible and straightforward approach, which has the added benefit of wide political and business support, would be to simply begin cutting interest rates.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK/NEWS ANALYSIS: Regulation 28: hindering investors’ ability to maximise return or protection from greater downside?Regulation 28 of the Pension Funds Act, and by extension exchange controls, has become a contentious issue in South Africa. Punted as safekeeping mechanism against risky behaviour by National Treasury, money managers say capital restrictions are disempowering their mandates and it's costing their members big time.
Source: dailymaverick - 🏆 3. / 84 Read more »

Mcebo Dlamini back in court - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The case against FeesMustFall leader Mcebo Dlamini is expected to continue in the Johannesburg Magistrate's Court on Thursday.
Source: SABC News Online - 🏆 32. / 51 Read more »