The top seven events to watch in a hectic week for SA
It’s a busy week for SA, with the unravelling of corporate and political malfeasance a key theme. Highlights are the state capture and Sars inquiries, and moves to clean up state-owned enterprises. Here are the top seven events to watch:
1. State capture inquiry: Former MP Vytjie Mentor appears on Monday, and on Friday, former Government Communication and Information Systems CEO Themba Maseko, appears on Friday, along with the current GCIS deputy director-general Phumla Williams. Mentor and Maseko have previously implicated former president Jacob Zuma.
2. Sars inquiry: Treasury’s deputy director-general in charge of tax, Ismail Momoniat, testifies on Wednesday. Also testifying this week are finance minister Nhlanhla Nene, former finance minister Malusi Gigaba and consultancy Bain.
3. State-owned enterprises: Transnet CEO Siyabonga Gama has a Tuesday deadline to explain why he should not be suspended.
4. Eskom: the utility updates parliament on its governance challenges and the status of its coal-fired power stations on Tuesday.
5. Steinhoff: Former CEO Markus Jooste and former CFO ben la Grange have been summonsed to answer to MPs on Wednesday.
6. Budget deficit: July’s budget figures will be keenly watched for clues on where the deficit is headed.
7. Trade: a surplus is possible, but that’s not necessarily good news.