Business day carried a piece on how the Guptas allegedly had access to confidential financial contracts between multinational enterprise software vendor SAP and state-owned companies.

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Business Tech carries an article on the ongoing Gupta linked emails highlighting that McKinsey, SAP, and KPMG have been implicated in alleged unethical business practices.

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BLSA CEO Bonang Mohale is interviewed by Bruce Whitfield on Radio 702’s (07:30) The Money Show where they discussed whether South African corporate companies are self-regulating.

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Business is not the enemy, but rather the key to creating jobs and enabling transformation in South Africa, said Stephen Koseff, CEO of Investec Bank.

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Catch-phrases are being used as a ruse and a distraction to enable rent-seeking and looting, says Investec chief.

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In a rare show of unity, the country’s biggest labour federation, Cosatu, and Business Leadership South Africa (BLSA) have called for urgent action against state capture and “other elements” threatening economic stability in SA.

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Mr Mohale emphasised that the parties agreed that “urgent action is necessary to end rising unemployment, poverty and inequality and that any plan of action must prioritise the 9 million South Africans whose inability to find work traps them in a cycle of abject poverty.”

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‘The systemic attack on our democracy has eaten into investor and consumer confidence leading to the current slowdown of economic activity’

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The two organisations say they have agreed to do whatever they can, separately and jointly, to fight state capture.

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“Is it a bad thing that 40% of our JSE is owned by foreigners? Does the fact that the JSE is 23%
black owned mean anything to the black man in the street? Is this really a success factor for
the government’s transformation agenda? How do the world’s top economies get all of their
citizens to feel invested in their country’s economy, and how can South Africa achieve the
same?”

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Colin Coleman, Goldman Sachs partner, managing director, and head of the South Africa office, discusses miners and the rand selloff with Bloomberg’s Guy Johnson on “Bloomberg Markets” on June 16. (Source: Bloomberg)

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CNBC Africa carries a reprint of BLSA’s media release with the headline: “BLSA appoints Bonang Mohale as CEO”

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Buzz South Africa published an article asserting that Bonang Mohale’s focus will be “to re-assert business as the solution as well as help combat state capture.”

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The Huffington Post carries an article drawing a direct quote from Mr Mohale with a link to a video noting Mr Mohale’s business experience and describing him as the “most powerful business figure in SA” because of the influence and reach of BLSA as a business organisation.

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Mr Mohale was interviewed on BLSA’s meeting with the Finance Minister Malusi Gigaba by Andile Khumalo on Power FM. Mr Mohale asserted that BLSA’s is encouraged by Minister Gigaba’s words. In the interview he reiterated BLSA’s stance that trust between government and business has been broken and reaffirmed the need for an independent commission into state capture.

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In a radio interview with CapeTalk’s Kieno Kammies, Mr Mohale, notes that BLSA “has three reasons for existing.” Driving inclusive economic growth, protecting and strengthening key intuitions including the Constitution and the Office of the Public Protector and positioning business as a national asset.

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An EWN article focusses on Mr Mohale’s statements during a Radio 702 interview, saying: “We really want to stand for the protection of our constitution, including all the Chapter 9 institutions, but in particular the office of the Public Protector because we know that’s the one that was under the most severe attacks.”

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An article on Engineering News draws from the BLSA media statement, noting that Mr Mohale, is the current Deputy Chairman of BLSA and will replace Thero Setiloane, whose term expired in December 2016.

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BLSA Deputy Chairman, Bonang Mohale, expressed his disappointment at the ANC National Executive Committee’s (NEC) decision that the scope of a proposed judicial commission of inquiry be broadened and reiterated the key messages from the media release on Radio 702’s The Midday Report with Stephen Grootes

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An Engineering News article notes that that BLSA published a media statement reiterating its call for an independent judicial commission of inquiry into state capture.

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