South Africa has gone from hero to zero with international investors turning their backs on the country under President Jacob Zuma. Corruption charges leveled against the South African leader are affecting the country's business.
A South African court has ruled that corruption charges against President Jacob Zuma should be reinstated. The charges relate to a murky arms deal from the 1990s.
The biggest union group in South Africa, COSATU, has held nationwide rallies against corruption in the government. Many are calling for President Jacob Zuma to step down.
As probes into the Gupta family intensify in South Africa, the FBI is reportedly also investigating the Guptas in relation to suspicious cash flows between South Africa, Dubai and the US, according to a newspaper report.
A new report based on the Panama Papers reveals how Africa's politicians, generals and business leaders are systematically siphoning off billions of dollars and parking the money offshore.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version