Thuli Madonsela used to be a loyal member of South Africa’s African National Congress. Now she’s at loggerheads with the ruling party after exposing alleged wrongdoing by top politicians including President Jacob Zuma.
John Oliphant, suspended as head of South Africa’s 1.2 trillion-rand ($114 billion) Government Employees Pension Fund over the award of an advertising contract, disputed the findings of an auditor’s report that he acted irregularly.
South Africa’s central bank fined the country’s four largest lenders a total of 125 million rand ($11.9 million) after finding deficiencies in their controls to combat money laundering and terrorist financing.
South Africa’s main opposition party named two parliamentary officials to a panel that will probe President Jacob Zuma’s response to misconduct allegations as it seeks to capitalize on the scandal before next month’s elections.