EDITOR’S LUNCHBOX: Who might have benefited from S&P’s downgrade?
Stories of note Bytes from the digital world Imagine the fortune the new finance minister, Malusi Gigaba, may have made by shorting the rand with four days’ advance knowledge that S&P Global Ratings would downgrade SA’s sovereign credit rating to junk. "Weekend special" Des van Rooyen caused an outcry when he arrived at the Treasury flanked by Jessie Duarte’s son-in-law Ian Whitley and Regiment Capital principle Mohamed Boba, and ordered staff to let them authorise expenditure and access sensitive information (which was later found to have been e-mailed to Gupta cronies). Now "midnight special" Gigaba appears to have topped that. The entourage Gigaba brought to the Treasury acts as a reminder: whatever happened to Trillian chairperson Tokyo Sexwale’s promised report that was supposedly going to clear the allegations it was a front to siphon money from state-owned enterprises? To be fair, the advocate Sexwale appointed to do the investigation, Geoff Budlender, has been very busy for ...
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