Mosiuoa Lekota leads the race of the president of the party. The innovative Cope Member Mpho Mosia’s battle for One Member One Vote (OMOV) will be implemented in this congress, where all party member cast a vote.
Business Day has reported that financial institutions may approach the Constitutional Court if the South African government forces pension funds to invest in bankrupt state-owned enterprises. This is in response to a proposal in the ANC election manifesto that the government will investigate the introduction of prescribed assets on financial institutions. Will the government really try to finance bankrupt state-owned enterprises in this way, and if it does, what are the chances that the Constitutional Court will declare such a scheme unconstitutional?
At 11am on Wednesday, the ANC’s State Capture nightmare came true when corruption paymaster, Angelo Agrizzi, began to blow the lid on the Bosasa empire of graft, laying out chapter and verse of how the company used cash payments and gifts to build its fortune.