POINT OF ORDER
TIM COHEN: SA’s ship may yet escape powerful forces
The alleged Oakbay share price manipulation happened in 2010. When it happened it was obvious, yet the IDC and JSE are acting only now
Is it my imagination or can we see signs of a slow turn beginning in SA’s listing ship of state? A collection of seemingly unrelated events suggests a general stiffening of backbones that may still allow the ship to avoid the reefs of state capture. However, it is easy to overstate these signs; the forces they are up against are, I think, generally much more powerful than most people appreciate. Watching the Eskom inquiry in Parliament last week was fascinating in its own right. The ducking and diving, the prevarications, the bumptious denials and the outrageous assertions constitute a kind of mini-court drama. It came down to one crucial moment. Previously, former Eskom chairman Zola Tsotsi testified that Public Enterprises Minister Lynne Brown had proposed that finance director Tsholofelo Molefe be added to a list of staff to be suspended, pending an internal Eskom inquiry.Evidence leader advocate Ntuthuzelo Vanara asked Brown: "Did you or did you not give [Molefe’s] name over to ...
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