Truter, ‘haunted’ VBS exec, sentenced to seven years

[ad_1] The former CFO of VBS, who received R5 million of the R2.5 billion allegedly looted from the mutual bank, will spend seven years in prison. On Wednesday, Phillip Truter pleaded guilty to fraud, corruption, extortion, theft and money laundering in Palmridge’s business crimes court. He also agreed to help …

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IBM to part ways after 109 years to focus on cloud

[ad_1] IBM said Thursday that it would spin off its IT infrastructure unit to focus more on cloud computing, a high-margin business that has seen momentum as companies increasingly accelerate their digital shift. The company’s shares rose nearly 14% in premarket trading. IBM has trimmed its legacy businesses over the …

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Eight Ministry of the Environment officials suspended for R2bn bid fraud

[ad_1] By ANA Reporter 9h ago Share this article: SharecheepShareShareShareEmailShare Cape Town – The Department of the Environment, Forestry and Fisheries has placed eight officials on preventive suspension following a forensic investigation into contracts that were allegedly awarded irregularly by the department’s Office of Waste Management. The department said the …

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Why The Police Let The Farmers Go Crazy

[ad_1] “They tried to gain access to the defendants in the detention cells, but were unable to communicate with them. They got angry and attacked us who were out of court. “ Another police officer told Sowetan they called for backup before the matter was heard in court. “After the …

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Mkhwebane tells parliament about turf war with NPA

[ad_1] Mkhwebane has now asked the justice committee, which holds both the NPA and the public protector, to intervene in the confrontation. “We are not moving forward on that matter because of what the NPA says is interference in the case, its refusal to submit the requested documents due to …

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Defense Minister Mapisa-Nqakula ‘came forward to run for …

[ad_1] Defense Minister Nosiviwe Mapisa-Nqakula. (Photo: Flickr / GCIS) Amid growing concern over the ANC’s political battles unfolding in the military, it has now emerged that Defense Minister Nosiviwe Mapisa-Nqakula has been pressured to run for president of the ANC at his next elective conference. Defense Minister Nosiviwe Mapisa-Nqakula is …

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