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JUDITH FEBRUARY: Inside the arms deal and the insidious creep of state capture

JUDITH FEBRUARY: Inside the arms deal and the insidious creep of state capture
ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.

VTB Capital: The Russian bank that took Mozambique for

we wrote about the role of Credit Suisse in the mega-looting in Mozambique. This week we turn our attention to the complicity of part Russian state-owned bank, VTB Capital. In 2016, 14 donors and the International Monetary Fund (IMF) stopped all lending to Mozambique, plunging the country into an economic crisis. Mozambique’s currency plummeted in value by 70% and its annual GDP growth rate fell from 6.7% to 3.8%. All this stemmed from the country’s “secret tuna-bond” loans. These loans worth $2.2-billion (about R30-billion) were hidden from the IMF, Mozambique’s other lenders and donors, lawmakers and from the Mozambican public. With the help of corrupt, complicit and woefully inept bankers from Credit Suisse and VTB Capital, corrupt Mozambican politicians were able to orchestrate a mega-heist. 

MPs didn t have time to deal with noise of state capture claims, Mbete tells Zondo

MPs didn t have time to deal with noise of state capture claims, Mbete tells Zondo
mg.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mg.co.za Daily Mail and Mail on Sunday newspapers.

Auswell tall trains Mashaba: The middleman who de

Auswell tall trains Mashaba: The middleman who de
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

Brian Molefe s tall tales of State Capture

Brian Molefe s tall tales of State Capture
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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