The Guptas, the Public Protector's Report and Capital Accumulation In
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S OUTH AFRICA : COUNTRY PROFILE Konrad Adenauer Foundation Last Update: April 2019 ww.kas.de/Südafrika COUNTRY OFFICE SOUTH AFRICA Country Profile South Africa Konrad Adenauer Foundation Contents 1 General Information: Republic of South Africa ......................................................................................... 2 2 History ............................................................................................................................................... 3 3 The Political System of South Africa ....................................................................................................... 4 3.1 Executive Power .............................................................................................................................. 4 3.1.1 National Level ................................................................................................................................. 4 3.1.2 Provincial Level ............................................................................................................................... 5 3.2 Judicial Power ................................................................................................................................. 5 3.3 Legislative Power ............................................................................................................................. 6 3.3.1 National Level ................................................................................................................................. 6 4 Economy ......................................................................................................................................... -
Remgro at a Glance
OVERVIEW I II CONTENTS 2 14 Group profi le Remgro's values 4 16 Remgro's unlisted investments Directorate and ownership structure Originally established in the 1940s by 6 20 A strong family legacy Tomorrow matters the late Dr Anton Rupert, Remgro aims to be the trusted investment company 8 23 Investment strategy Doing business ethically of choice that consistently creates 10 24 sustainable stakeholder value. Remgro's approach to capital allocation Consolidated results at year-end 12 26 Remgro’s profi t at holding company level Investment portfolio analysis 1 GROUP PROFILE DIVERSIFIED CONSUMER FINANCIAL PORTFOLIO SOCIAL IMPACT HEALTHCARE INFRASTRUCTURE INDUSTRIAL INVESTMENT MEDIA Our interests PRODUCTS SERVICES INVESTMENTS INVESTMENTS VEHICLES consist mainly of investments (2) in the following industries 44.6% 77.1% 30.6% 54.7% 50.0% 36.3% 32.3% 4.0% 50.0% (3) (1) 31.8% 44.1% 23.3% 24.9% 28.1% 0.1% 100% (3) 100% 22.8% 100% 44.1% 100% Equity accounted investment Subsidiary Investment at fair value through other comprehensive income 30.0% 37.7% 100% Listed entity Number of Remgro nominated director/s; alternates excluded (3) infrastructure fund (1) Voting rights in Distell equal 56.4%. (2) Voting rights in Blue Bulls equal 36.7%. 33% 16.2% (3) Limited Partners in Pembani Remgro, Milestone Capital and Prescient – therefore limited (or no) voting rights. 2 3 REMGRO’S INDUSTRIAL INFRASTRUCTURE Why does UNLISTED PGSI holds an interest in PG Group Remgro invest Holdings, South Africa’s leading infrastructure fund INVESTMENTS integrated fl at glass business. in certain CIVH’s key operating PRIF is a fund Air Products produces oxygen, companies are Dark focused on private nitrogen, argon, hydrogen and carbon sectors? CONSUMER PRODUCTS Fibre Africa and Vumatel, sector investment in dioxide for sale to major industrial which construct and own infrastructure across users. -
News Covering in the Online Press Media During the ANC Elective Conference of December 2017 Tigere Paidamoyo Muringa 212556107
News covering in the online press media during the ANC elective conference of December 2017 Tigere Paidamoyo Muringa 212556107 A thesis submitted in fulfilment of the academic requirements for the degree of Doctor of Philosophy (PhD) at Centre for Communication, Media and Society in the School of Applied Human Sciences, College of Humanities, University of KwaZulu-Natal, Durban. Supervisor: Professor Donal McCracken 2019 As the candidate's supervisor, I agree with the submission of this thesis. …………………………………………… Professor Donal McCracken i Declaration - plagiarism I, ……………………………………….………………………., declare that 1. The research reported in this thesis, except where otherwise indicated, is my original research. 2. This thesis has not been submitted for any degree or examination at any other university. 3. This thesis does not contain other persons' data, pictures, graphs or other information unless specifically acknowledged as being sourced from other persons. 4. This thesis does not contain other persons' writing unless specifically acknowledged as being sourced from other researchers. Where other written sources have been quoted, then: a. Their words have been re-written, but the general information attributed to them has been referenced b. Where their exact words have been used, then their writing has been placed in italics and inside quotation marks and referenced. 5. This thesis does not contain text, graphics or tables copied and pasted from the Internet, unless specifically acknowledged, and the source being detailed in the thesis and the References sections. Signed ……………………………………………………………………………… ii Acknowledgements I am greatly indebted to the discipline of CCMS at Howard College, UKZN, led by Professor Ruth Teer-Tomaselli. It was the discipline’s commitment to academic research and academic excellence that attracted me to pursue this degree at CCMS (a choice that I don’t regret). -
Restructuring of the Rembrandt Group Circular to Shareholders and Notices of Annual General Meetings 30 August 2000
Rembrandt Group Limited Rembrandt Controlling Investments Limited Technical Investment Corporation Limited Technical and Industrial Investments Limited Restructuring of the Rembrandt Group Circular to shareholders and notices of annual general meetings 30 August 2000 Attorneys Joint sponsoring brokers Deutsche Bank Securities Deutsche Bank Securities (SA) (Pty) Ltd Hofmeyr Herbstein & Gihwala Inc. (Registration number 1995/011798/07) Reporting accountants PricewaterhouseCoopers Inc. Chartered Accountants (SA) Registered Accountants and Auditors (Registration no 1998/012055/21) Indien u ’n Afrikaanse vertaling van hierdie dokument wil hê, skakel asseblief 0800 996 164 If you have any questions regarding the restructuring of the Rembrandt Group, call the Information Agents on 0800 996 164 (or + 44 20 7335 7278 if you are phoning from outside South Africa) are acting as Information Agents to answer your questions about the restructuring. Corporate information Directors of Rembrandt Group Limited (Registration number 1948/031037/06) Johann Rupert (Chairman) P J Erasmus* E de la H Hertzog (Co-Deputy Chairman) D M Falck M H Visser (Co-Deputy Chairman and Managing Director) J Malherbe P E Beyers E Molobi* W E Bührmann J A Preller G D de Jager* P G Steyn* J W Dreyer T van Wyk * non-executive Directors of Rembrandt Controlling Investments Limited (Registration number 1952/000002/06) Johann Rupert (Chairman) D M Falck E de la H Hertzog (Co-Deputy Chairman) J Malherbe M H Visser (Co-Deputy Chairman and Managing Director) E Molobi* P E Beyers J A -
2017: It's the Year of Action
JUNE 2017 EDITION 3 INSIDE OUT TRANSPARENCY. HONESTY. INTEGRITY 2017: It’s The Year Of Action From left: Acting Director-General for Department of Military Veterans, Mr Max Ozinsky, Deputy Minister of Military Veterans, Mr Kebby Maphatsoe, Military Veterans Co-ordinator (Armscor) Mr Pumlani Kubukeli, then Minister of Public Service and Administration, Ms Ayanda Dlodlo and Armscor CEO, Mr Kevin Wakeford IN THIS EDITION: IGNITING GROWTH THROUGH EMPOWERMENT • DEFENCE MINISTER TABULATES HER 5TH DEFENCE BUDGET VOTE • POLICY IMPLEMENTATION KEY FOR EFFECTIVE SERVICE DELIVERY NEWSLETTER JUNE 2017 | 1 FOREWORD BY THE EDITOR INDEX Mondé Süssmann, Senior Manager: Corporate Communications Editorial PAGE 2 TOGETHER WE CAN MAKE A DIFFERENCE From the CEO’s Desk: Jetting on the upward trajectory We have observed with shock the violent spate of will lead her to work within the defence Industry. All PAGE 2 gender-based attacks in the country. We strongly our facilities also hosted learners, the coverage of condemn such acts and encourage all citizens this story is on page 13. to be united in putting an end to such gruesome Igniting Growth Through killings. We welcome and fully support the Gauteng In our quest to address the imbalances of the Empowerment Department of Community Safety’s implementation past, given the legacy we have inherited, we PAGE 3 of the 356 days intervention programme aimed are thrilled about developments in the sector that at mobilising society to be activists in the social signify a new era of radical transformation. Recent Policy Implementation Key movement against this scourge of gender-based developments in the defence space reflect the for Effective Service Delivery violence. -
AGM QUESTIONS and ANSWERS 2020 Disclaimer
AGM QUESTIONS AND ANSWERS 2020 Disclaimer Please note that the answers recorded herein are not a transcript of the AGM. The responses recorded convey the key messages that were communicated. QUESTIONS RECEIVED AT THE WEBCAST AGM AND ANSWERS – 30 NOVEMBER 2020 Questions regarding driving value creation through share ownership and “employee capitalism”: Q:At the 2019 AGM the Chairman spoke powerfully on share ownership inter alia “if the directors all owned a lot of shares they would watch the management and make sure that they get performance”. Numerous great companies practice what the Chairman preaches e.g. Amazon directors receive no cash compensation only stock based awards, Ball Corp, John Deere and Diageo expect their directors to own hefty multiples of their annual remuneration in shares and locally FirstRand as per page 108 of the FirstRand Integrated Report has “minimum shareholding requirements to ensure longer term alignment’. In the light of the above can the Chairman please advise why Remgro does not make minimum shareholding requirements another strategic priority at investee companies? – Chris Logan Mr Rupert noted that it was a very good question that Mr Durand should investigate further, as he is fully aligned with A: Mr Logan. Mr Durand also agreed with the principle and noted that Remgro would investigate this further as it is a pertinent point. The Chairman also endorsed aligned incentives/EVA and Remgro has led and adopted aligned incentives for managers Q:as a strategic priority at investee companies. To enhance performance further and to promote “employee capitalism” why does Remgro not try and ensure that this incentivisation goes all the way down to the shop floor on a commercial basis as is an integral part of EVA theory and is successfully practiced at great companies like Ball Corp (unions included) and top performing local chicken producer Astral as per page 90 of the Astral Integrated Report? – Chris Logan Mr Rupert noted that in his experience, the trade unions generally preferred to receive cash instead of shares. -
South Africa's Anti-Corruption Bodies
Protecting the public or politically compromised? South Africa’s anti-corruption bodies Judith February The National Prosecuting Authority and the Public Protector were intended to operate in the interests of the law and good governance but have they, in fact, fulfilled this role? This report examines how the two institutions have operated in the country’s politically charged environment. With South Africa’s president given the authority to appoint key personnel, and with a political drive to do so, the two bodies have at times become embroiled in political intrigues and have been beholden to political interests. SOUTHERN AFRICA REPORT 31 | OCTOBER 2019 Key findings Historically, the National Prosecuting Authority The Public Protector’s office has fared (NPA) has had a tumultuous existence. somewhat better overall but its success The impulse to submit such an institution to ultimately depends on the calibre of the political control is strong. individual at its head. Its design – particularly the appointment Overall, the knock-on effect of process – makes this possible but might not in compromised political independence is itself have been a fatal flaw. that it is felt not only in the relationship between these institutions and outside Various presidents have seen the NPA and Public Protector as subordinate to forces, but within the institutions themselves and, as a result, have chosen themselves. leaders that they believe they could control to The Public Protector is currently the detriment of the institution. experiencing a crisis of public confidence. The selection of people with strong and This is because various courts, including visible political alignments made the danger of the Constitutional Court have found that politically inspired action almost inevitable. -
South Africa and Botswana Troops Arrive MOZAMBIQUE News Reports & Clippings
MOZAMBIQUE News reports & clippings 558 22 July 2021 Editor: Joseph Hanlon ( [email protected]) To subscribe or unsubscribe: https://bit.ly/Moz-sub This newsletter can be cited as "Mozambique News Reports & Clippings" Articles may be freely reprinted but please cite the source. Extensive links and privacy statement at the end of this newsletter. __________________________________________________________________________ In this issue Cabo Delgado + South Africa & Botswana troops arrive + Rwanda troops already in action + Mozambique troops hold Mueda security zone + Unheard warnings from Sahel and Nigeria + US backs land clearance by moving Biibiza + Mine-owners go offshore and secret Other news + 4 South African spies caught + Profiting from a failing state + Guebuza to be witness at debts trial __________________________________________________________________________ South Africa and Botswana troops arrive The first contingent of South African soldiers flew into Pemba Monday (19 July) with Hornet lightweight armoured vehicles used by South African Special Forces. A plane from Botswana also brought troops and equipment. Rwandan troops are already in action. The arrival was confirmed by Defence Ministry spokesman Coronel Omar Saranga, who said these were preparation forces and not the full 3000-soldier SADC contingent. He added that the SADC force commander “is South African and his name is Xolani Mankayi. He is already in Mozambique." (Daily Maverick, DefenceWeb, Radio Moçambique - 21 July; AIM 22 July) The Zimbabwe army has put on standby a contingent of troops to be deployed in Cabo Delgado as part of he SADC force. Military sources told NewZimbabwe.com (22 July) they received a radio communication advising them that they were now on standby and should await deployment orders. -
HSF V Eskom (Founding Affidavit)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 IN THE HIGH COURT OF SOUTH AFRICA (GAUTENG DIVISION, PRETORIA) CASE NO In the matter between: THE HELEN SUZMAN FOUNDATION First Applicant! MAGDALENA FRANCISZKA WIERZYCKA Second Applicant and ESKOM HOLDINGS SOC LIMITED First Respondent THE PRESIDENT OF THE REPUBLIC OF SOUTH AFRICA Second Respondent AJAY KUMAR GUPTA Third Respondent ATUL KUMAR GUPTA Fourth Respondent RAJESH KUMAR GUPTA Fifth Respondent DUDUZANE ZUMA Sixth Respondent TEGETA EXPLORATION AND RESOURCES (PTY) Seventh Respondent LTD MINISTER OF MINERAL RESOURCES Eighth Respondent MINISTER OF PUBLIC ENTERPRISES Ninth Respondent MINISTER OF FINANCE Tenth Respondent MINISTER OF WATER AND SANITATION Eleventh Respondent NATIONAL TREASURY Twelfth Respondent DEPARTMENT OF PUBLIC ENTERPRISES Thirteenth Respondent DEPARTMENT OF MINERAL RESOURCES 2 25 DEPARTMENT OF WATER AND SANITATION Fifteenth Respondent BRIAN MOLEFE Sixteenth Respondent MARK PAMENSKY Seventeenth Respondent ANOJ SINGH Eighteenth Respondent SALIM AZIZ ESSA Nineteenth Respondent NAZEEM HOWA Twentieth Respondent RONICA RAGAVAN Twenty First Respondent THE PERSONS LISTED IN ANNEX "FA1 " Twenty Second to Seventy Third Respondents FOUNDING AFFIDAVIT I, the undersigned, FRANCIS ANTONIE do hereby make oath and say: 1. I am an adult male of full legal capacity and a director of the Helen Suzman Foundation ("HSF"), the first applicant, holding office as such at 2 Sherborne Road, Parktown, Johannesburg. 2. I am duly authorised to depose to this affidavit on behalf of the applicants. 3. Save as appears from the context, the facts in this affidavit are within my own personal knowledge and are, to the best of my knowledge and belief, both true and correct. -
Integrated Annual Report 2019 2019 INTEGRATED ANNUAL REPORT Website At
Remgro Limited | Integrated Annual Report 2019 2019 INTEGRATED ANNUAL REPORT CREATING SHAREHOLDER VALUE SINCE 1948 Originally established in the 1940s by the late Dr Anton Rupert, Remgro’s investment portfolio has evolved substantially and currently includes more than 30 investee companies. MORE INFORMATION This Integrated Annual Report is published as part of a set of reports in respect of the financial year ended 30 June 2019, all of which are available on the Company’s website at www.remgro.com. INVESTOR TOOLS Cross-reference to relevant sections within this report Download from our website: www.remgro.com View more information on our website: www.remgro.com CONTENTS www.remgro.com | Remgro Limited | Integrated Annual Report 2019 1 OVERVIEW 1OF BUSINESS 4 REMGRO’S APPROACH TO REPORTING 7 SALIENT FEATURES 8 GROUP PROFILE REPORTS TO 10 COMPANY HISTORY SHAREHOLDERS 12 OUR BUSINESS MODEL 2 24 CHAIRMAN’S REPORT 14 UNDERSTANDING THE BUSINESS OF AN INVESTMENT HOLDING COMPANY 25 CHIEF EXECUTIVE OFFICER’S REPORT 16 KEY OBJECTIVES AND 32 CHIEF FINANCIAL OFFICER’S REPORT PRINCIPAL INTEGRATED RISKS 40 INVESTMENT REVIEWS 18 DIRECTORATE AND MEMBERS OF COMMITTEES 20 EXECUTIVE MANAGEMENT STRUCTURE 21 SHAREHOLDERS’ DIARY AND COMPANY INFORMATION FINANCIAL 4 REPORT 118 AUDIT AND RISK COMMITTEE REPORT GOVERNANCE AND 121 REPORT OF THE BOARD OF DIRECTORS SUSTAINABILITY 126 REPORT OF THE INDEPENDENT AUDITOR 3 127 SUMMARY FINANCIAL STATEMENTS 66 CORPORATE GOVERNANCE REPORT 79 RISK AND OPPORTUNITIES MANAGEMENT REPORT 86 REMUNERATION REPORT 104 SOCIAL AND ETHICS COMMITTEE REPORT 106 ABRIDGED SUSTAINABLE DEVELOPMENT REPORT ADDITIONAL 5 INFORMATION 146 FIVE-YEAR REVIEW AND SHARE STATISTICS 148 SHAREHOLDERS’ INFORMATION 151 NOTICE TO SHAREHOLDERS ATTACHED FORM OF PROXY Remgro invests in businesses that can deliver superior earnings, cash flow generation and dividends over the long term. -
State Capture and the Political Manipulation of Criminal Justice Agencies a Joint Submission to the Judicial Commission of Inquiry Into Allegations of State Capture
State capture and the political manipulation of criminal justice agencies A joint submission to the Judicial Commission of Inquiry into Allegations of State Capture CORRUPTION WATCH AND THE INSTITUTE FOR SECURITY STUDIES APRIL 2019 State capture and the political manipulation of criminal justice agencies A joint submission by Corruption Watch and the Institute for Security Studies to the Judicial Commission of Inquiry into Allegations of State Capture April 2019 Contents Executive summary ..........................................................................................................................................3 Introduction ...................................................................................................................................................3 Structure and purpose of this submission .....................................................................................................3 Impact of manipulation of criminal justice agencies .......................................................................................4 Recent positive developments .......................................................................................................................4 Recommendations ........................................................................................................................................4 Fixing the legacy of the manipulation of criminal justice agencies..............................................................4 Addressing risk factors for future manipulation -
Scc Day 383 Transcript Dd 2021-04-27
COMMISSION OF INQUIRY INTO STATE CAPTURE HELD AT CITY OF JOHANNESBURG OLD COUNCIL CHAMBER 158 CIVIC BOULEVARD, BRAAMFONTEIN 27 APRIL 2021 DAY 383 22 Woodlands Drive Irene Woods, Centurion TEL: 012 941 0587 FAX: 086 742 7088 MOBILE: 066 513 1757 [email protected] CERTIFICATE OF VERACITY I, the undersigned, hereby certify that, in as far as it is audible, the aforegoing is a VERBATIM transcription from the soundtrack of proceedings, as was ordered to be transcribed by Gauteng Transcribers and which had been recorded by the client COMMISSION OF INQUIRY INTO STATE CAPTURE HELD AT CITY OF JOHANNESBURG OLD COUNCIL CHAMBER 158 CIVIC BOULEVARD, BRAAMFONTEIN DATE OF HEARING: 27 APRIL 2021 TRANSCRIBERS: B KLINE; Y KLIEM; V FAASEN; D STANIFORTH Page 2 of 138 27 APRIL 2021 – DAY 383 PROCEEDINGS RESUME ON 27 APRIL 2021 CHAIRPERSON: Good morning Mr Seleka, good morning everybody. ADV SELEKA SC: Morning Chairperson. CHAIRPERSON: Good morning Mr Zwane. MR ZWANE: Chairperson good morning. CHAIRPERSON: Good morning on Freedom Day. MR ZWANE: Thank you Chair. CHAIRPERSON: Good morning to your attorney. Thank 10 you. ADV SELEKA SC: Thank you Chair. CHAIRPERSON: I must start by thanking everybody who has agreed to work on a public holiday for sacrificing enjoying Freedom Day and coming to work. Mr Seleka and your team, the investigators, the staff, the technicians, Mr Zwane thank you for your cooperation you probably would have been at some function today to join others who are celebrating freedom and thank you to your attorney again for the cooperation that you have given the commission to 20 enable the commission to sit today.