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South Africans Protest, ‘Zuma-must-go’

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  • South Africans Protest, ‘Zuma-must-go’ 

A day of political shock waves in South Africa put new pressure on President Jacob Zuma,as an official report alleged that one of the country’s richest families influenced cabinet appointments and thousands took to the streets of Pretoria to demand his resignation before his second term ends in 2019.

Commentators called the report the biggest political scandal since South Africa’s transition to democracy and said the allegations, if confirmed, could mark a turning point in a brutal leadership battle within the ruling African National Congress that has pittedMr. Zuma against Finance Minister Pravin Gordhan over control of state finances and the future direction of the ANC.

The tussle has rocked South Africa’s currency, the rand, and other assets at a time when Africa’s most developed economy is already roiling from the commodities downturn and more than a fourth of its workforce is unemployed.

The public protector’s so-called state capture report, which was released Wednesday after court challenges by Mr. Zuma and two of his ministers had blocked it for weeks, said there were worrying indications that the wealthy Gupta family, Indian immigrants who own a business empire, influenced the appointments of ministers in Mr. Zuma’s government.

“It appears crimes have been committed,” the report said, citing cellphone records of Mr. Zuma and several ministers to support corruption allegations.

The 355-page report also said extensive financial analysis suggested that a Gupta-owned mining company in which Mr. Zuma’s son Duduzane holds a significant stake was given lucrative government contracts to finance its expansion. The Gupta family’s attorney said the report “was riddled with errors and subject to rebuttal.”

Mr. Zuma’s office said the president was examining the report. His son has previously denounced the allegations against him as a “sustained political attack.”

The report didn’t make definitive findings, saying its author, then-Public Protector Thuli Madonsela, was denied sufficient resources to conduct a full investigation. It recommended that a full probe of Mr. Zuma’s dealings with the Guptas should be conducted by a commission of inquiry, with the findings published within 180 days.

“This is absolutely devastating for the president. There are several instances where the president is placed directly at the scene of the crime,” said Pierre de Vos, constitutional-law scholar at the University of Cape Town. “[The ANC] will have to decide whether this is such a fatal blow to the president that he must leave.”

Mr. Zuma—a former intelligence chief with the ANC’s military wing during the apartheid era who spent a decade in jail with Nelson Mandela on Robben Island—has spent much of his political career sidestepping scandal. Corruption allegations related to an arms-procurement deal dogged his career for more than 15 years. In 2005, he was charged with raping a friend’s daughter. He was found not guilty the following year and in 2009 the corruption charges were dropped.

Known as a conciliator and party deal maker, he leveraged each scandal into political backing against ANC leaders he said were attacking him. He led a revolt against President Thabo Mbeki as party leader in 2007, becoming president himself in 2009 after leading the ANC to a strong electoral victory.

Yet the seriousness of the revelations in Wednesday’s report could mark Mr. Zuma’s toughest challenge. In one section, Deputy Finance Minister Mcebisi Jonas recounts how in the presence of Mr. Zuma, one of the Gupta brothers, Ajay, offered him the post of finance minister—along with 600,000 rand ($44,100)—during a meeting at the family’s compound in Johannesburg.

Ajay Gupta “asked if Mr. Jonas had a bag which he could use to receive and carry R600,000 in cash immediately, which he declined,” the report says, summarizing Mr. Jonas’s statements to the public protector. Messrs. Zuma’s and Jonas’s cellphone records place them at the Gupta’s residence on the day the offer was allegedly made, the report says.

Six weeks after the alleged meeting, then-Finance Minister Nhlanhla Nene was ousted and succeeded by Zuma ally Des Van Rooyen. Mr. Van Rooyen himself was removed four days later, following a steep drop in the rand and other South African assets.

The report cites evidence it says shows Mr. Van Rooyen visited the home of the Guptas on at least seven occasions, including the day before he was appointed. “This looks anomalous given that at the time he was a Member of Parliament based in Cape Town,” the report said.

Mr. Van Rooyen is now cooperative governance minister and along with Mr. Zuma initially sought to prevent the publication of the report. Messrs. Van Rooyen and Zuma have denied any wrongdoing. Mr. Zuma’s lawyer has said the president hadn’t been given sufficient time to respond to the allegations made in the report, nor the opportunity to question witnesses.

“The president will give consideration to the contents of the report in order to ascertain whether it should be a subject of a court challenge,” Mr. Zuma’s office said on Wednesday.

Opposition leaders have said the findings in the report could lead to the impeachment of the president.

“If Zuma will not resign, we look forward to our Motion of No Confidence being debated in Parliament,” said Mmusi Maimane, the leader of the opposition Democratic Alliance.

The political drama was echoed on Pretoria’s streets, as thousands of antigovernment protesters marched to the Union Buildings—the seat of South Africa’s government—and demanded Mr. Zuma’s resignation. Some demonstrators began throwing rocks and police repelled them with tear gas, rubber bullets and water cannons.

On the grounds of the city’s St. Albans Cathedral, placard-waving demonstrators attended the first assembly held by Save South Africa—a new group of business, civil society and disaffected ANC officials against government corruption.

In nearby streets, South Africa’s two largest opposition parties—the center-right Democratic Alliance and the leftist Economic Freedom Fighters—held their own protests, calling for Mr. Zuma to respect the constitution and to step down.

Each protest had different visions, but they were unified by one theme: dissatisfaction with Mr. Zuma’s leadership.

“For as long as we have Zuma as president of the country it is not possible to turn the country around,” said Sipho Pityana, a former ANC director-general of foreign affairs and current board member at mining giant AngloGold Ashanti. “At the heart of the problem, we have a leader who is without honor or integrity.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Kaduna State Denies Taking ₦36 Billion Loan, Blames Past Administration for Debt

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Loan - Investors King

The Kaduna State Government has reacted to a viral report alleging that the state borrowed ₦36 billion over the last six months.

The government made the clarification via a statement signed by the Commissioner of Planning and Budget, Mukhtar Ahmed, who labeled the report as inaccurate and misleading.

The commissioner emphasized that no new loans have been taken under Governor Sani’s administration.

Ahmed blamed loan issues on the past administration, noting that all the loans including World Bank programs such as AGILE, SURWASH, and ACReSAL were received by the past administration in the state.

The government stated that the current naira exchange rate to the dollar, which is over ₦1,600 has affected the repayment of these loans as its value has increased.

This means that Governor Sani’s administration is repaying nearly three times the amount of loans acquired by the previous administration, all thanks to the significant devaluation of the Naira.

“The inherited debt burden from the previous administration consisted of long-term loans. These loan commitments, including World Bank programs such as AGILE, SURWASH, and ACReSAL, were all agreed upon during the previous administration,” the statement noted.

“Previous administration’s loan agreements, based on exchange rates of ₦415-₦480 to the dollar, have now seen the Naira plunge to over ₦1,600 to the dollar, effectively tripling the value of these debts in local currency,” he noted.

The Commissioner frowned bitterly at the online platform for not seeking clarification prior to the publication of the report.

However, he echoed the government’s commitment to transparency in debt management and financial discipline, adding that the state government will not spare those responsible for mismanaging the state’s resources.

“Notwithstanding the erroneous reporting, the government is resolute in its dedication to transparency in debt management and financial discipline, prioritizing the enhancement of the state’s economy without imposing additional financial burdens.

“The state government reaffirmed its resolve to hold accountable those responsible for mismanaging the state’s resources, vowing to reposition Kaduna for the benefit of its citizens,” the Commissioner added.

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FG to Evacuate Nigerians in Lebanon as  Iran Threatens to Fire More Missiles at Israel

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The Federal Government is set to evacuate Nigerians living in Lebanon amid the tension between Iran and Israel.

Investors King had reported that Iran’s Military launched 180 missiles at Israel on Tuesday, killing no fewer than eight Israelites and injuring scores of other citizens.

Responding to the tension, Nigerian government directed its citizens living in Lebanon to contact the country’s diplomatic officers and envoys in the Middle-East country for immediate evacuation.

The Special Assistant to the Nigerian President on Social Media, Dada Olusegun, through his X handle, @DOlusegun, alerted all Nigerians in Lebanon to the attacks and asked them to get in touch with the Nigerian mission for profiling and documentation and subsequent evacuation.

Similarly, the Nigerians in Diaspora Commission (NIDCOM) advised Nigerians living in Lebanon to consider moving out of the country now that commercial flights are still in operation.

Nigerians are also urged to liase with the Nigerian Embassy in Lebanon for necessary guidance regarding their safety.

This was made known via a statement by Director of Media, Public Relations and Protocols Unit, NiDCOM, Abdur-Rahman Balogun, on Wednesday.

Meanwhile, Iran authorities have explained the reason for attacking Israel, saying that the barrage of missiles was in response to the killings of Iran-backed militant leaders, sending Israelis to shelters and prompting alarm across the region.

Reports have it that the Israel Defence Forces said it intercepted the 180 ballistic missiles launched by Iran at Israel on Tuesday evening.

Iranian government has threatened to launch more fierce missiles against Israel if it retaliates the Tuesday attack.

According to the Iranian mission to the United Nations in a message on its X account, “Iran’s legal, rational, and legitimate response to the terrorist acts of the Zionist regime—which involved targeting Iranian nationals and interests and infringing upon the national sovereignty of the Islamic Republic of Iran—has been duly carried out.

Nigerian government said the evacuation of its citizens is necessary following the Israeli government’s warning to residents of 24 more villages in southern Lebanon to evacuate amid increasing tensions.

It was reported that the villages fall within a United Nations buffer zone, created after the 2006 war between Israel and Hezbollah.

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Eight Killed, Several Injured as Iran Launches Missiles Towards Israel 

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No fewer than eight people have lost their lives in a devastating terror attack in Israel.

Israel’s national emergency medical service, Magen David Adom, confirmed that the attack occurred on Tuesday.

The service reported that several others were injured after missiles were fired in Jaffa, south of Tel Aviv.

The two terrorists who carried out the attack were “neutralized,” according to police.

Medics are currently treating several casualties, including unconscious victims.

Reports indicate that emergency services are responding to a shooting incident on Jerusalem (Quds) Street in Jaffa, near a light rail station.

Magen David Adom ambulance service confirmed that multiple people were injured in what appears to be an attack.

Earlier, the President of the United States, Joe Biden, stated that he had convened a national security team, alongside the Vice President, to discuss Iranian plans to launch an imminent missile attack against Israel.

“We discussed how the United States is prepared to help Israel defend against these attacks and protect American personnel in the region,” Biden said.

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