My P2m gift to Masisi was clean - Ismail
Friday, August 09, 2019
The revelations are contained in an affidavit Ismail deposed this week in support of former spy chief, Isaac Kgosi, against whom the State is building a money laundering and corruption case.
In response to a Directorate on Corruption and Economic Crime (DCEC) allegation that Farouk’s loans and financial support to Kgosi were suspicious, the business tycoon pointed to his donations to Masisi and the ruling party.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...